04-11-2012 08:58 AM CET - Business, Economy, Finances, Banking & Insurance

CandyDate Jobs Gains 8.5% Within Two Days Of Listing

Press release from: CandyDate Jobs
Rahul Malhotra: CEO CandyDate Jobs
Rahul Malhotra: CEO CandyDate Jobs
CandyDate Jobs, the innovative and the most successful human resource consultant has marked a entry into the pre-IPO markets with a bang. CandyDate Jobs has listed its membership units on the Exhilway Pre-IPO exchange which gained 8.5% within two days of listing, primarily due to high investor interest and low selling pressure. The 0.01 membership unit was trading at US $8,800 on April 11, 2012.

According to people familiar with the management, confirmed that the CandyDate Jobs is the eye candy of lot of private equity investors these days and the management of the firm is actively meeting each one of them.

The market capitalization of 100 membership units of the firm is hovering around $88 million which may surpass US $500 million if the management executes everything as planned and the set of right investors falls in place. The CEO of the company Rahul Malhotra declined to comment on the future plans of the firm, however he assured of a bright future.

“The team of CandyDate Jobs is highly energetic, Rahul (CEO of CandyDate Jobs) remains always in hurry and the best thing about him is he knows how to execute the plans on paper. No stupidity only work is his motto,” said David McLeod, Partner Deberry Ventures who invested in the early growth stage of CandyDate Jobs. The net worth of Rahul Malhotra soared to US $32 million on the basis of his holding of 40 membership units in the firm.

CandyDate Jobs will launch its online job portal candydatejobs.com in May this year and plans to add fresh 60 million CV’s from India.

“There are lot of investors who are eager to enter CandyDate Jobs, it is a hot property and obviously who can dare to miss this golden investment opportunity,” said Ajay Patel, a independent financial planner.

CandyDate Jobs will revamp its management and will bring ex-officials of the established human resource companies to run the show. The partners may transfer a major chunk of their holdings to the new entrants in the firm.

CandyDate Jobs is the India's largest human resource consultancy with business operations in over 30 countries worldwide.

CandyDate Jobs
Levels 2
JMD Regent Square
Mehrauli-Gurgaon Road

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