openPR Logo
Press release

Nothing Is Free, CandyDate Jobs To Promote Paid Job Search

04-30-2012 01:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CandyDate Jobs

Candydatejobs.com: Bye Free, Hello Paid

Candydatejobs.com: Bye Free, Hello Paid

It was a rainy day on 10th April, 2012 in New Delhi when Rahul Malhotra, CEO of CandyDate Jobs India announced INR 1.4 crore loss from its Gurgaon based office for the year 2010-2011. It was raining outside but no monetary benefit was raining on the emerging human resource consultancy providing free job search services to its over 2 million registered users since its founding in 2009.

The company which got listed on Exhilway Private Capital Market in April this year generated over 40% returns for its investors in less than a month, but will business remain stable in the long run is the most asked question by the set of investors looking to pick up stake in the company. The market capitalization of the company which is currently hovering around INR 700 crore expects to cross INR 3,000 crore within the next three years.

CandyDate Jobs which is all set to enter the big league of emerging businesses wants to leave no stone unturned to generate revenues. They need investments from private equity funds to sustain their investments in technology and marketing and without any kind of revenue generation capability there will be few who will be interested.

The revenue starved company will monetize its services in the following manner: candidates will be free to register on its upcoming new job portal, but if they need priority or a personalized service they might have to shell out INR 100 and the candidates who are seeking guaranteed placement within the specified time may to have shell out INR 8000.

CandyDate Jobs which is all set to pump INR 50 crore in the business is confident that it will break even within the next three years. The money for investment will be raised via debt instead of sale of equity. The promoters are confident of solid growth and are capitalizing on fund raising via debt instead of selling out equity.

The company will opt for a senior management revamp as it is interested to add a flavour of professionalism to build brand value of the company. The company plans to hire a CFO and an assistant CEO to handle the business. The hefty packages are being discussed in the closed door meetings.

CandyDate Jobs is fairly in BPO sector as it serves over 80,000 BPO candidates every year. According to the document filed with Exhilway Private Capital Market the company is desirous to cater to the new business segments like Information Technology and Retail. The company is trying hard to bag hiring contracts on exclusive basis from the top companies.

According to the third party research analysts, CandyDate Jobs have taken the right step to differentiate between paid and free users and this will help company build a strong balance sheet ahead of its listing on Bombay Stock Exchange SME Exchange in the year 2014.

“We have taken this step due to candidates, there are some who needs a specialized services altogether and they are ready to pay. Some are okay with slow service and some need rocket speed service. This move will certainly add to our topline,” said Rahul Malhotra.

CandyDate Jobs will open 300 offices nationwide by the end of 2014 and may rope out a business partner to execute the business on the nationwide basis. The current employee base will double to 290 from current count of 145.

CandyDate Jobs hire online employees on the task basis instead of full time employees which help them save upto 40%. The cost of infrastructure remains minimum and the part time employees never asks for benefits.

CandyDate Jobs which is sure of 100% growth every year is concerned about inflation and slowdown of the Indian economy. According to the guidance provided by the company, hiring may see a slowdown if the inflation continues to rise but they are confident of a bumper hiring from small and medium business enterprises.

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
Gurgaon
India

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Nothing Is Free, CandyDate Jobs To Promote Paid Job Search here

News-ID: 219548 • Views: 3741

More Releases from CandyDate Jobs

CandyDate Jobs stalls job portal launch
CandyDate Jobs, India’s largest human resource consultants has stalled the launch of its job portal, the company informed Exhilway Private Capital Market a secondary market for private companies where its membership units are traded. The company has postponed the job portal launch to September end. The company admitted in its statement that it was not able to innovate the best plans to monetize its free services and it will require
CandyDate Jobs Gains 8.5% Within Two Days Of Listing
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
CandyDate Jobs to list on secondary markets in April
CandyDate Jobs India, the leading human resource consultancy with a user base of nine million will list on secondary markets this April to provide exit to the early investors. CandyDate Jobs which announced entry into online job portal services via its website candydatejobs.com has valued its per registered user at INR 382 or US $7.60 commanding a valuation of little over INR 356 crore or US $70.76 million. The partners
CandyDate Jobs India to launch job portal
CandyDate Jobs India (CJI), one of the leading human resource consultancy will launch a job portal “candydatejobs.com” to tap the Indian youth who are regularly using Internet based services to find and register for the job opportunities. CandyDate Jobs India have outsourced the project to its subsidiary company CandyDate Jobs Online Services (CJOS) which will develop, invest and share the profit and loss of the proposed project. CJI will provide

All 5 Releases


More Releases for INR

Home Credit India Completes First-ever Consumer Durables Loan Securitization, Ra …
Home Credit India Completes First-ever Consumer Durables Loan Securitization, Raises INR 1.53 Billion o DCB Bank, IFMR Capital investors in the issue o First ever rating assigned in India to securitization transaction involving consumer durable asset loan receivables Gurugram, November 22, 2017: Home Credit India Finance Pvt Ltd., one of India’s fastest growing non-banking financial company (NBFC) and part of Home Credit Group, has raised INR 1.53 billion in a first-ever securitization transaction of consumer
India Golf Carts Market to Account INR 212.1 Crore over 2024
Persistence Market Research (PMR) forecast that the INR 46 Crore golf cart market in India will expand to INR 212.1 Crore over 2024 riding on a rampant CAGR of 21%. In 2016, golf courses were the largest consumers of gold carts, however, the segment is expected to lose its share to other segments over the next couple of years. The country’s recent economic scaling has had a subsequent effect on
FSIVF Announced INR 25,000 Discount On IVF Procedure For Patients
IVF Procedure has become a support for many of the couples. Couples, who have lost faith in becoming parents, have got a new hope now. FSIVF have offered much more for these couples by announcing a discount of about INR 25,000 on the IVF procedure. FSIVF started their clinic in Delhi with the only concept of in-vitro treatment. But with its increasing demand, it slowly also introduced a number of other
SBI Foundation Donates INR 88 Lakhs to Akshaya Patra
Bengaluru: 4th April, 2017: The Akshaya Patra Foundation received a donation of INR 88 lakhs from SBI Foundation. The money is donated by the CSR wing of State Bank group. This donation will be invested towards 1250 Hot Insulated Vessels to keep food hot for 8-10 hours. The insulated hot boxes would be distributed amongst Bengaluru, Ahmedabad, Guwahati and Nathdwara kitchens. The cheque of INR 88, 08, 400 was given
Automotive Steering Wheel Market Pegged at INR 634.9 Cr in 2014 and Expected to …
Automotive Steering Wheel Market: Snapshot The automotive steering wheel market in India is anticipated to experience steady growth during the forecast period of 2015 to 2023. The rapid expansion of the automotive sector in India is the primary factor responsible for the robust growth of the automotive steering wheel market. The automotive sector in the country is presently driven by the increasing disposable income of the middle-class populationand the rising investment on
Automotive Steering Wheel Market in India Pegged at INR 634.9 Cr in 2014 and Exp …
Automotive Steering Wheel Market: Snapshot The automotive steering wheel market in India is anticipated to experience steady growth during the forecast period of 2015 to 2023. The rapid expansion of the automotive sector in India is the primary factor responsible for the robust growth of the automotive steering wheel market. The automotive sector in the country is presently driven by the increasing disposable income of the middle-class populationand the rising investment on