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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 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 Total Funding
- Total Rounds 3
- Last Round Angel Round — $13,333
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Angel Round - Ma Foi | Valuation | K T Ramesh Kumar , K Thirupathi Raja |
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| Jun, 2013 | Amount | Angel Round - Ma Foi | Valuation | Satyakam Mohanty |
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| Sep, 2012 | Amount | Angel Round - Ma Foi | Valuation | Nedumaran B , Rowena Scurville |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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KT
K T Ramesh Kumar |
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Founded Year | Domain | Location |
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KT
K Thirupathi Raja |
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Founded Year | Domain | Location |
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SM
Satyakam Mohanty |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ma Foi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ma Foi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ma Foi Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based ATS and CRM systems are offered for staffing agencies.
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ma Foi
Frequently Asked Questions about Ma Foi
When was Ma Foi founded?
Ma Foi was founded in 1992 and raised its 1st funding round 20 years after it was founded.
Where is Ma Foi located?
Ma Foi is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Ma Foi?
Rajiv Krishnan is the current CEO of Ma Foi.
Is Ma Foi a funded company?
Ma Foi is a funded company, having raised a total of $13.33K across 3 funding rounds to date.
What is the annual revenue of Ma Foi?
Annual revenue of Ma Foi is $1.35M as on Mar 31, 2024.
What does Ma Foi do?
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.
Who are the top competitors of Ma Foi?
Ma Foi's top competitors include Randstad, Alera Group and UKG.
What products or services does Ma Foi offer?
Ma Foi offers HR Advisory, Business Growth & Transformation, and Managed Services.
Who are Ma Foi's investors?
Ma Foi has 6 investors. Key investors include CIEL HR, K T Ramesh Kumar, K Thirupathi Raja, Satyakam Mohanty, and Nedumaran B.
What is Ma Foi's valuation?
The valuation of Ma Foi is $9M as of Aug 2020.
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