PeopleStrong Partners With Chola Finance for HR Tech and Enters the Murugappa Fold
GURGAON and CHENNAI, India, December 11, 2018 /PRNewswire/ --
Cholamandalam Investment and Finance Company Limited (Chola), the financial arm of the Murugappa Group, has decided to move its People data to cloud. Chola as a company has been forthcoming in embracing technology and providing speed and convenience to its customers through its digital properties, and now wants to delight its employees as well.
Chola has partnered with PeopleStrong, the largest HR SaaS Company from India that currently serves over 200+ enterprises and over 600 thousand users.
While all the major companies of the Murugappa Group intend to start the digital transformation of their people processes in the next 9-12 months, Chola has decided to lead the pack in the transformation journey with PeopleStrong Alt, a PeopleStrong product.
With PeopleStrong Alt, Chola finance will be able to provide a unified experience from Recruitment to Retiral to all its users (Employees, Recruiters, Candidates and Business Users), and at the same time provide access to a single window of truth for right decision making. With the Mobile App and Jinie (the chatbot), Chola employees will experience the next level of connect and collaboration.
Speaking on the occasion, Arun Alagappan, Executive Director, Chola, shared, "I am pleased that as an organization, we have taken a decision to move our People Data to cloud. It is a mammoth task and we needed a partner who has proven experience of managing transformation of such a scale. After a detailed evaluation process, we selected PeopleStrong as a partner for this journey of transformation."
Ramesh Menon, HR Director, Murugappa Group, shared, "It is a landmark move and a much needed one too. With the kind of diversified presence we have across sectors and geographies it is important for us to take our employee experience to the next level."
Chandrasekar R, HR Head, Chola, shared, "We have a large composition of young workforce at Chola and to manage this segment more efficiently, we realized that we needed a digital upgrade. PeopleStrong with its scalable, mobile and AI powered technology seems the best match for our needs."
Pankaj Bansal, Co-founder & CEO, PeopleStrong, added "We are delighted to be Chola's digital transformation partners and excited to have them with us on the journey of writing the New Code of Work. I am sure together we will be able to 'Altify' the people experience and take the productivity at Chola to the next level."
About Cholamandalam Investment and Finance Company Limited (Chola)
Cholamandalam Investment and Finance Company Limited (Chola) was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking and a variety of other financial services to customers.
Chola operates from 885 branches across India with assets under management above INR 47,700 Crores.
About Murugappa Group:
Founded in 1900, the INR 329 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM),Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.
About PeopleStrong:
PeopleStrong is a leading HR Technology company from India with an enriching experience at work for over 200+ customers and over 600,000 users. On its journey to writing the #NewCodeofWork, PeopleStrong delivers its technology and services in one offering, using its on-demand technology product PeopleStrong Alt, which has distilled tens of thousands of hours of 'natural research and development (R&D) - a decade long experience of servicing the HR functions of top Indian companies. Known for its penchant to innovate, PeopleStrong has many firsts to its name, the recent one being the application of Machine Learning in Recruitment (through Match Making) and Employee Experience (through India's first HR Chatbot, Jinie). PeopleStrong is the first company in the space to be successfully assessed on SSAE18.
Media Contact:
Kamakshi Pant
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PeopleStrong HR Services Pvt. Ltd.
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