Outsourcing Inc. Acquires Majority Stake in Alp Consulting Limited

NEW DELHI, February 14, 2014 /PRNewswire/ --

- Invests Approximately INR 30 Crores in the Group

- It Will Allow Alp Outsourcing to Engage Further, With Existing and new Japanese Firms in India and Leverage IT Staffing in Other Countries Outside India

Alp Consulting Ltd., a search and staffing firm, announces its partnership with Outsourcing Inc (2427:JP), a Japanese group with 17 domestic group companies and 19 overseas companies. The Japanese partner will have a majority stake in the organisation and brings in an investment of about US$ 5 million (INR 30 crores).

Through this acquisition, Alp Consulting will become a part of Japanese publicly listed staffing firm and will provide a platform for Outsourcing Inc. to engage with the Indian market. The Japanese firm is looking at expansion through leveraging synergies of manufacturing and IT engineering outsourcing services provided by the Alp Group and extending those services and providing them to Japanese companies. The M&A may also facilitate staff placement in other countries like Australia, Singapore and Japan.

Speaking about the acquisition, Mr. Jayachandran Pillai, Co-founder and Chairman, Alp Consulting Pvt. Ltd. said, "We had a few potential investors but we zeroed down with Outsourcing Inc. considering the flexibility, experience and the best practices they bring in with them. Culturally we complement each other and there was good chemistry from the very first meeting. This partnership will allow us to add value to our existing and future clients, beyond just staffing. With this partnership and such potential growth prospects we are hopeful of reaching greater heights and emerging as a leader in the space."

"With a growing interest among Japanese companies to foray in the Indian market, we are happy about our first acquisition in India. We will assist other foreign and Japanese companies who are intensifying their focus in India. Besides, unlike Japan, India's working population is set to grow up to 240 million in the next 20 years which will catalyse the relationship further. We look forward to growing at a fast clip," said Mr. Haruhiko Doi, Chairman and CEO, Outsourcing Inc.

Perhaps, it is the right time for such partnerships to occur when there are so many recent investment announcements by Japanese companies and it is a strong indication that the Indian market is set to drive their growth.

Dipesh Dholakia of Windfall, Mumbai was the lead manager who introduced the parties and brokered the transaction between the buy and sell sides.

About Alp Consulting:

Alp Consulting Ltd. is a search and staffing firm that offers services in search, staffing and HR outsourcing especially in Payroll Service and Labour Compliance. It was established in 1996 and was co-founded by Mr. Jayachandran Pillai, Mr. Kishore V N and Ms. Roopa Priyadarshini. Head-quartered in Bangalore with three offices in Bangalore, Alp has its presence in 6 cities in India - Mumbai, Hyderabad, Delhi, Chennai, Noida and Pune. With an approx. 4000 employees placed at various client sites pan India, Alp has grown to have the enviable reputation of being one of the most respected staffing companies in India. For further details please visit - http://www.alpconsulting.in/index.html

About Outsourcing Inc:

Outsourcing Inc. is a Japanese enterprise group with a global presence. It has 17 domestic group companies and 19 overseas companies under its umbrella. Founded in 1997 and headquartered in Tokyo, Japan. Outsourcing group offers contracting service and staffing service in production process from R&D, testing and evaluation to mass production to major Japanese manufacturers such as SUZUKI, TOYOTA and SONY. Also the group provides recruitment service to manufacturers and personnel management service after hiring.

Primary Media Contact: Gaurav Goswami, [email protected], 91-9971285716

Secondary Media Contact: Niti Thakur, [email protected], 91-9560519528