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Indian Staffing Federation gets new President, VP

Date: 2020-04-01 Author: Economic Times

The Indian Staffing Federation (ISF), apex body of India’s flexi staffing space, on Wednesday appointed Lohit Bhatia as its new president and Farhan Azmi as the vice president for 2020-22.

Bhatia replaces Rituparna Chakraborty while Azmi has been appointed in place of RP Yadav. Bhatia is president of Quess Corp while Azmi is chairman and managing director of Futurz Staffing.

The other 10 members of the newly elected board include Bhavna Udernani, MD, Adhaan Solutions; Mehul Shah, MD, Collabera Technologies; Munish Kumar, CEO, Firstmeridian Group; Narayan Shukdeo Bhargava, Director, Calibehr Business Support Services; Paul Dupuis, CEO & MD, Randstad India; R P Yadav, Chairman & MD, Genius Consultants; Rituparna Chakraborty, Co-founder & EVP, Teamlease Services; Sameer Mehta, CEO & MD, Multiplier Brand Solutions; Pramod Pachisia, COO, 2Coms Consulting & Somnath Banerjee, Director, Orion Corporate Alliance.

“The current positive regulatory environment has accelerated India’s shift from an informal to formal economy,” the newly elected president Bhatia said in a statement. “Catapulting the flexi-staffing space as a major driver of the Indian economy and key to solving the growing challenge of employment and employability,” he added.

India is the 5th largest market employing 3.3 million flexi staff in 2020, growing at 22.7% CAGRdespite 0.6% penetration which is much behind the global average of 2.3%. The staffing industry provides a platform for recognized employment, work choice, compensation, annual benefits and health benefits for the temporary workforce that constitutes almost 70% of India’s total workforce.

(As originally appeared in Economic Times – https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/indian-staffing-federation-gets-new-president-vp/articleshow/74926611.cms)

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