About Ma Foi
Ma Foi is a company based in Chennai (India) founded in 1992 by Pandiarajan K and Hemalatha Rajan was acquired by CIEL HR in June 2023. Ma Foi has raised $13.33 thousand across 3 funding rounds from investors including CIEL HR, K T Ramesh Kumar and K Thirupathi Raja. Ma Foi offers products and services including HR Advisory, Business Growth & Transformation, and Managed Services. Ma Foi operates in a competitive market with competitors including ADP, UKG, Randstad, Bullhorn and Insperity, among others.
- Headquarter Chennai, India
- Founders Pandiarajan K, Hemalatha Rajan
- Stage Minicorn
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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- Legal Name Ma Foi Strategic Consultants Private Limited
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$1.35 M (USD)74.15as on Mar 31, 2024
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Net Profit
$114.56 K (USD)142.46as on Mar 31, 2024
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EBITDA
$166.36 K (USD)418.38as on Mar 31, 2024
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Total Equity Funding
$13.33 K (USD)
in 3 rounds
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Latest Funding Round
$13.33 K (USD), Angel Round
Aug 10, 2020
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Investors
CIEL HR
& 5 more
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Employee Count
Not available
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Acquired by
CIEL HR
(Jun 01, 2023)
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Products & Services of Ma Foi
Ma Foi offers a comprehensive portfolio of products and services, including HR Advisory, Business Growth & Transformation, and Managed Services.
Provides strategic HR solutions for talent and organizational development.
Delivers strategies for business expansion and operational efficiency.
Offers HR and payroll management for compliance and scalability.
Funding Insights of Ma Foi
Ma Foi has successfully raised a total of $13.33K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $13.33 thousand completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ma Foi
Ma Foi has secured backing from 6 investors, including angel investors. Prominent investors backing the company include CIEL HR, K T Ramesh Kumar and K Thirupathi Raja.
| Investor | Description | Founded Year | Domain | Location |
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K T Ramesh Kumar |
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K Thirupathi Raja |
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Satyakam Mohanty |
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Investor details for Ma Foi
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Investments & Acquisitions by Ma Foi
Investment portfolio details for Ma Foi
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Financial Statements - Ma Foi
Detailed financials for Ma Foi
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- Profit trends
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Ma Foi Comparisons
Peer comparison for Ma Foi
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Competitors of Ma Foi
Ma Foi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ADP, UKG, Randstad, Bullhorn and Insperity, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based HR management solutions are offered for payroll and compliance.
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Provider of HR and payroll & workforce management solutions
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HR consulting, recruitment, and outsourcing services are offered worldwide.
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Cloud-based ATS and CRM systems are offered for staffing agencies.
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HR outsourcing services are provided to businesses by Insperity.
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HR, insurance, and liability services are provided by Alera Group.
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Detailed competitors of Ma Foi
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Verified entity values are shown only after access is granted.
Latest news on Ma Foi
Complete news archive for Ma Foi
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Frequently Asked Questions about Ma Foi
Ma Foi was founded in 1992 and raised its 1st funding round 20 years after it was founded.
Ma Foi is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Rajiv Krishnan is the current CEO of Ma Foi.
Ma Foi is a funded company, having raised a total of $13.33K across 3 funding rounds to date.
Annual revenue of Ma Foi is $1.35M as on Mar 31, 2024.
Ma Foi was founded in 1992 in Chennai, India, by co-founders Pandiarajan K and Hemalatha Rajan. Human resources BPO services are delivered through operations in the consulting sector. Outsourcing and advisory solutions for HR functions are handled, with leadership provided by CEO MD Rajiv Krishnan. The companys online presence is maintained via mafoibusinessconsulting.com, focusing on business process support in the region.
Ma Foi's top competitors include Randstad, Alera Group and UKG.
Ma Foi offers HR Advisory, Business Growth & Transformation, and Managed Services.
Ma Foi has 6 investors. Key investors include CIEL HR, K T Ramesh Kumar, K Thirupathi Raja, Satyakam Mohanty, and Nedumaran B.
The valuation of Ma Foi is $9M as of Aug 2020.