Years of
experience
About Peoplesource
Welcome To People Source
My purpose in life is to create 100% impact on the world, irrespective of circumstances. Let me tell you a story. A frog fell into a bowl of milk. The edge was too high and steep for him to jump out. Not giving up hope he continued to kick, swim and stay afloat. After a couple of hours, he found a hard substance near his feet. He had churned the milk to butter. With the support of the butter, he could jump out of the bowl. He had changed the circumstances with his patience, effort and persistence. 100% impact irrespective of circumstances.
Peopplesource
I was in the flour milling business, wherein we had 7% market share of Karnataka. In 1997, we tied up with Captain Cook – DCW Home Products Limited to manufacture Whole wheat Atta. We invested Rs. 1. 5 cr for them, on an assured offtake of 800 MT of Atta/month. They reneged on their commitment and we became sick. To revive the company, we did 3 activities:
Terminated our agreement with Captain Cook and tied up with Annapurna Atta – Hindustan Unilever Ltd.
Learn moreCreated a specialized bakery flour which increased our gross margins from 4% to 14% in a high volume, low margin business. With this we started to break even at 30% capacity utilization.
Learn moreWorked out a revival package with the financial institutions – Karnataka State Finance Corporation (KSFC); Karnataka State Industrial & Infrastructure Development Corporation (KSIIDC)
Learn moreBefore we could complete this transaction. In 2005 KSFC took over our unit, leaving us high and dry. This was a life impacting event for me - something which I had grown and nurtured for 16 years was no longer there to provide for me. Besides I had my family to take care of. Options were to take up a job or to start another venture.
I believed India has tremendous potential and would grow @ 5 – 10% pa. This would generate the need for talent. I decided to build up an expertise in HR. I started People Source Consulting. Focused on recruitment in Banking and Financial Services - an area which I knew well (after all I had spent a lot of time in banks). I spoke to a friend to understand the nuances of recruitment. Got my first mandate from Anand Rathi (where my wife worked) for Sales Executives. Over the next 9 years we expanded into Executive Search and Selection into all domains of Non – IT and IT in India and outside India. Recruitment Process Outsourcing - wherein we manage the entire recruitment process of companies on a outcomes-based payment model. Helping them reduce their recruitment time, cost and effort and improve quality of recruitment. We also consult to SMEs helping them with strategic HR interventions. Mapping and assessing competencies required in building an organization.
Today, People Source Consulting is an 18 years’ old, company which is on a mission to help companies overcome the fear and stress of a wrong hire by providing you impactful right fit talent -Functionally Competent, Culturally Aligned, who will add value to your organization. Help you achieve your vision and tremendously impact your customers.
Over the past 18 years we have helped over 1000 companies recruit over 3000 senior and mid-level talent who we believe have been game changers for their business.
We are across Non-IT and IT ie. Banking and Financial Services; Realty & Infrastructure; Manufacturing, Engineering & Automobile; Power & Energy; FMCG, Retail & Logistics; Media & Entertainment; Pharma & Biotechnology; Information Technology & Telecom and sun rise sectors like Solar, Education and E. Commerce.
Working with companies like Morgan Stanley, Barclays Bank, GMR, GVK, Essar Group, Big Basket, Sutures India, Daily Hunt and smaller companies as well. The reasons why these leaders come to us for all their requirements is we tell them:
“You cannot compromise on People. They determine the destiny of your business.”
Apart from understanding the company, culture, competition and industry we understand their vision; understand how the role which they are looking for fits into that vision; ask them for a wish list in terms of expectations from the role; profile that into a person and then actually get them that person.
In 2020, recruitment came to a halt due to Covid. Companies were firing people instead of hiring them. To achieve our goal of adding value to our clients and impacting the world we started Digital 10X. At Digital 10X(D10X) we help you to grow exponentially by using cutting edge, impactful, innovative digital marketing strategies to generate bang on target – leads and powerful branding with speed, globally, transparently, systematically with outcomes-based compensation models based on a good understanding of your target customer and market. More details on www.digital10x.in.
Later in 2023, we started Performers Factory to help all your employees become ‘Performers’ (generating many times of their CTC as ROI for the company) using EFQM (European Foundation for Quality Management Best Practices). Used by successful companies across the globe to scale consistently. More details on www.performersfactory.com
Thank you for contributing to our success. I know many of you share my purpose of 100% impact irrespective of Circumstances. Let’s work together to make this earth a better place to live in. As Rattan Tata said:
I do not believe in taking right decisions. I take decisions and then make them right.
Changing the world is not easy, buts its pursuit will change you profoundly.
