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HT Media’s Shine.com to expand operations

HT Media’s Shine.com to expand operations
PTI
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First Published: Sun, Feb 22 2009. 11 49 AM IST
Updated: Sun, Feb 22 2009. 11 49 AM IST
Mumbai: HT Media Company’s job portal venture Shine.com plans to acquire a pan-India footprint by opening more branches and will be ramping up its headcount to 300 by end-2009, a top company official said.
Shine.com is a part of Firefly e-Ventures, which is a wholly-owned subsidiary of the Hindustan Times group.
“We began operations in June last year and are still growing and expanding. Presently, we have a headcount of 200 people which we plan to scale-up to 300 by end-December,” Firefly e-Ventures Ltd’s National sales and operations head Sohail Razzack said at a conference here.
The Gurgaon-headquartered company has eight offices in the major metros of the country and plans to open four more this year in a bid to acquire a pan-India presence, he said.
Shine.com adds 7,000 resumes per day and has 1.7 million Curriculum Vitaes (CVs) posted on its portal presently, Razzack said, adding that these are relatively more updated CVs as compared to its peers.
“Our target is to capture at least 5% of the job portal market by December-end,” Razzack said.
The company is also planning overseas forays in the coming years, he said. “We hope to close with about Rs six and seven crore worth of order bookings by March-end,” he said.
Naukri.com and Monster.com occupy most of the market share followed by TimesJobs.com in the job portal space.
The company has bagged about 4,000 clients in the eight months since it began operations and hopes to add 2,000 more to its client-base by the year-end.
“Bank of America, IBM, Oil and Natural Gas Corp (ONGC), Wipro and Ratnagiri Gas and Power are some of the firms that have been recruiting through us,” Razzack said.
He did not give details of the investment earmarked with respect to expansion of manpower, technology and marketing.
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First Published: Sun, Feb 22 2009. 11 49 AM IST
More Topics: Shine | HT Media | Jobs | Portal | Corporate News |