About Ma Foi
Ma Foi is a Business Services company based in Chennai (India) founded in 1992 by Pandiarajan K and Hemalatha Rajan, and was acquired by CIEL HR in June 2023. BPO services for human resources are provided by Ma Foi. 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 was last valued at $9 million in August 2020. Its chief executive, as recorded, is Rajiv Krishnan. Its Indian entity Ma Foi Strategic Consultants Private Limited reported revenue of ₹17.19 Cr. Ma Foi offers products and services including HR Advisory, Business Growth & Transformation, and Managed Services. Its focus areas include BPO Services, Function Specific, Human Resources and HR Services.
Company details
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.
- Headquarters Chennai, India
- Founders Pandiarajan K, Hemalatha Rajan
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website mafoibusinessconsulting.com
- Social LinkedIn X Facebook Instagram
- Acquired by CIEL HR (Jun 2023)
- Legal Name Ma Foi Strategic Consultants Private Limited
- Date of Incorporation 06 Jan, 2011
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Ma Foi
Ma Foi is associated with 2 registered companies on The Company Check; the primary company is Ma Foi Strategic Consultants Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ma Foi Strategic Consultants Private Limited CIN U74140TN2011PTC078708 | Active | 06 Jan 2011 | Chennai, Tamil Nadu | ₹17.2 Cr | 69 | 7 | View details |
| Ciel Skills And Careers Private Limited CIN U80301TN2011PTC083816 | Active | 30 Dec 2011 | Chennai, Tamil Nadu | ₹7.5 Cr | 10 | 5 | View details |
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.
- Total Funding $13,333
- Total Rounds 3
- Last Round Angel Round — $13,333
- Investors Count 5
All 3 funding rounds of Ma Foi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $13,333 | Angel Round | $9M | K T Ramesh Kumar, K Thirupathi Raja | – |
| Jun 2013 | Angel Round | – | Satyakam Mohanty | – | |
| Sep 2012 | Angel Round | – | Nedumaran B, Rowena Scurville | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2020 | $9M | •••••••• |
Last known valuation $9M (Aug 2020). 6 investors in total: 1 institutional and 5 angel.
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 |
|---|---|---|---|---|
KT K T Ramesh Kumar | unknown_26e209ca5c8447678 | |||
KT K Thirupathi Raja | unknown_e2928f16ec3140cfb | |||
SM Satyakam Mohanty | unknown_0a9c7920f0e84a3fa | |||
NB Nedumaran B | unknown_50e167b04e2749fe9 | |||
RS Rowena Scurville | unknown_59c45b5957444d1db | |||
HR management, recruitment, and staffing services are provided. | 2015 | cielhr.com | Bengaluru, India |
Investor details for Ma Foi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Ma Foi Strategic Consultants Private Limited (Ma Foi)
Ma Foi Strategic Consultants Private Limited is the primary company behind Ma Foi. The boards of the 2 registered companies of Ma Foi currently have 6 directors; the longest-serving is Hemalatha Rajan, appointed in 2011. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hemalatha Rajan DIN 00115674 | Director | 06 Jan 2011 | 15 yrs 9 mo | Ma Foi Strategic Consultants Private Limited, Ciel Skills And Careers Private Limited |
| Adityanarayan Mishra DIN 05303409 | Director | 14 Mar 2018 | 8 yrs 7 mo | Ma Foi Strategic Consultants Private Limited |
| Santhosh Kumar Nair DIN 07279988 | Director | 14 Mar 2018 | 8 yrs 7 mo | Ma Foi Strategic Consultants Private Limited |
| Rowena Scurville DIN 08718329 | Director | 06 Mar 2020 | 6 yrs 7 mo | Ciel Skills And Careers Private Limited |
| Karuppasamy Pandiarajan DIN 00116011 | Director | 25 Jun 2021 | 5 yrs 4 mo | Ma Foi Strategic Consultants Private Limited, Ciel Skills And Careers Private Limited |
| Doraiswamy Krishnan Rajiv DIN 00221856 | Managing Director | 10 Dec 2021 | 4 yrs 10 mo | Ma Foi Strategic Consultants Private Limited, Ciel Skills And Careers Private Limited |
People of Ma Foi
3 people are tracked at Ma Foi (3 in leadership).
| Name | Role | Group |
|---|---|---|
Pandiarajan K | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| CEO & MD | Leadership |
Complete people profiles for Ma Foi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Ma Foi
Figures of Ma Foi Strategic Consultants Private Limited, the primary company behind Ma Foi, for FY 2025. Revenue was ₹17.19 Cr (+49% year on year). Net profit was ₹36.4 Lakh (2% margin). EBITDA was ₹2.19 Cr (13% margin). Revenue has grown at a compounded annual rate of +86% over three years and +55% over five years.
- ₹17.19 CrRevenue · FY 2025 · +49% YoY
- ₹36.4 LakhNet profit · 2% margin
- ₹2.19 CrEBITDA · 13% margin
- ₹7.87 CrPaid-up capital
- 69Employees (provident fund records)
- +86%Revenue CAGR, 3 years
- +55%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ma Foi Strategic Consultants Private Limited are on its company page.
Detailed financial statements for Ma Foi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ma Foi
5 dated milestones of Ma Foi across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Ma Foi is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round, of $13K.
- Milestone Reaches Minicorn status.
- Exit Acquired by CIEL HR.
Web traffic of Ma Foi
The website of Ma Foi (mafoibusinessconsulting.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▼ 15.2% vs previous month
Websites whose visitors overlap most with Ma Foi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
kaapro.co.in | kaapro.co.in | 100% | #1,735,607 | – | |
| cielhr.com | 84% | 45.7K | #647,420 | View details | |
alp.consulting | alp.consulting | 84% | #1,045,299 | – | |
| egonzehnder.com | 84% | 680.7K | #392,867 | View details | |
ten2hundred.in | ten2hundred.in | 32% | #12,529,462 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Ma Foi
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- 10 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as Ma Foi (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | USD 1.63 B | 441,150 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 1.98 B | 5,690 |
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Related news about 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 CEO of Ma Foi, as recorded in our data.
Ma Foi is a funded company, having raised a total of $13.33K across 3 funding rounds to date.
The primary company behind Ma Foi, Ma Foi Strategic Consultants Private Limited, reported revenue of ₹17.19 Cr for FY 2025, up 49% year on year.
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 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.
Ma Foi is associated with 2 legal entities: Ma Foi Strategic Consultants Private Limited, Ciel Skills And Careers Private Limited.
Yes. Ma Foi was acquired by CIEL HR in June 2023.
The legal entities of Ma Foi currently have 7 directors, including Adityanarayan Mishra, Doraiswamy Krishnan Rajiv, Santhosh Kumar Nair and others.