Jammu, January 2005: Ma Foi Management Consultants Ltd, India's largest HR Services provider commenced its operations in J&K. Mr. Vijay Bakaya (IAS) - Principal Secretary to CM, J & K, formally inaugurated Ma Foi's Business Partner operations today. Mr. S Giri Sunder, GM, Coco-Cola, was the Guest of Honor.

Established in 1992 at Chennai with a focus on recruitment services, Ma Foi has since grown to be one of the largest staffing and HR service providers in India. Ma Foi has been partnering with leading organizations and offering its HR solutions to Indian and Multinational companies in various Industry sectors and verticals.

Currently Ma Foi has 42 offices in the country. This foray into franchising has provided Ma Foi with the geographical spread for sourcing of talent from mini-metros and towns, to ensure efficient delivery of both flexi and permanent staffing. Ma Foi is the leader in the Flexi Staffing Business in the country with over 10,000 deputees spread across 440 locations in India.

Better known for its thriving Tourism and Handicrafts Industry, Jammu and Kashmir is perhaps one of the few states of India where the Govt. has taken up the responsibility of providing employment to the citizens of the state .To that effect it is focusing on creating the right environment where the employment in non-Govt. sector is facilitated.

The state has seen a rapid influx of corporate from varied sectors in last one year, primarily due to attractive incentive package offered by the sate government. The recent activity in different industrial belts in the state like SIDCO Samba, SIDCO BD Bari Brahmana, SIDCO Kathua, EPIT (Export Promotion Industrial Park) and SIDCO Lassipora - Kashmir are proof to this.

Speaking at the function, Mr. Rajiv Krishnan, Director, Ma Foi Management Consultants Ltd., said, "J&K has a strong and growing Industry with a good mix of manufacturing and services. Our focus would be on the Manufacturing and Tourism sectors within the state. We also see a huge opportunity to tap into the local talent pool to source for IT/ITES needs outside the state."

The Business Partner Office in Jammu is headed by Mr. Sahil Gupta and is supported by a strong team of professionals from the industry. Ma Foi, Jammu will offer Flexi-staffing, Recruitment, Assessment, Training and Payroll outsourcing services.

Ma Foi witnessed 62% growth in gross revenue during the third quarter 2004. Vedior NV, world's third largest staffing company has invested in Ma Foi. Vedior NV has presence in 37 countries worldwide and specializes in a broad range of staffing services through distinct brand names targeting specific sectors.

In the last 12 years, Ma Foi has generated career opportunities to more than 47,860 personnel across 30 countries in various Industry verticals.

Note to Editors :
Ma Foi is a 12-year-old public limited company. Having started in 1992 at Chennai with focus on recruitment services, Ma Foi has grown to be the largest HR services provider in India. Ma Foi is committed to offer people and people related services, enhancing the net worth of human capital. Ma Foi presently has 42 offices in the country and 5 overseas subsidiaries in London, Dubai, Singapore, Colombo and Malaysia, and over 880 clients including 124 Fortune 500 Companies. Ma Foi has posted revenue of Rs.84.56 Crores (Approx US$18.79 million) for the year ended March 2004.
For further details on Ma Foi visit www.mafoi.com.

Vedior is one of the world's leading staffing companies. The Group operates in 37 countries with a network of more than 2,300 offices worldwide including Europe, North America, Australasia, South Africa, Latin America and Asia. Vedior provides a broad range of staffing services through distinct brand names targetting specific sectors, including traditional administrative / light industrial sectors and specialist sectors such as information technology, healthcare, accounting, engineering and education. Vedior offers temporary staffing, permanent placement and other employment-related services.
For further details on Vedior, visit : www.vedior.com.