Ma Foi H1 net up 36%

Ma Foi H1 net up 36%
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First Published: Tue, Jul 31 2007. 12 48 PM IST
Updated: Tue, Jul 31 2007. 12 48 PM IST
New Delhi: Ma Foi Management Consultants Ltd which specializes in staffing and human resource consulting has registered a growth of 36% for the first half of 2007. Gross revenues for the same period stand at Rs195.51 crore, as against Rs144.65 crore for the corresponding period, last year.
Net revenues for the same period iare Rs63.49 crore as against Rs43.53 crore for the corresponding period last year, registering a growth of 46%.
Overseas revenues for this period have registered a growth of 55% as against the corresponding period last year. Gross revenue grew at 14.5% and net revenue grew at 39% on a quarter on quarter basis showing significant potential from this region.
With India being a preferred destination for global corporates, Ma Foi has emerged as a preferred vendor for a number of US and Europe based MNCs setting up their base in India, from sectors spanning Banking & Financial Services, Business Process Outsourcing and Energy.
Banking, Energy & Infrastructure, Information Technology, Manufacturing and ITES were the major contributors to the revenues for this period. Ma Foi has opened another branch in Dubai and this has taken their number of offices in the Gulf region to five. The move is aimed at servicing the increasing number of assignments and recruitments in this region.
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First Published: Tue, Jul 31 2007. 12 48 PM IST