TOKYO, June 5, 2014 /PRNewswire/ — en-japan inc., (Head Office: Shinjuku-ku, Tokyo; President: Takatsugu Suzuki; hereinafter called en-japan), a provider of recruitment solutions and post-employment support, hereby announces that it signed a share transfer agreement with New Era India Consultancy Pvt. Ltd. (Head Office: New Delhi, Republic of India; CEO: Arvind Sehgal; hereinafter called New Era), a recruiting company in India, to acquire shares of the company and make it en-japan’s subsidiary as follows:
Purpose of making New Era India a subsidiary
Global business development is a key growth strategy for en-japan. We currently introduce the best mid-career talent to global companies in eight countries across Asia Pacific through our recruiting businesses including en world Japan K.K., a subsidiary of en-japan since 2010.
In India, further economic growth is expected under the new Modi administration. With the GDP growth rate already as high as 5% and the world’s second largest population, India is also the most youthful country in Asia with a mean age of 27. As 67.6% of the population in 2025 will be in the working-age population, recruitment services are expected to expand. The number of Japanese companies launching business in India has doubled over the last five years. By 2013, 1,072 companies had entered the market in India.
* Source: GDP growth rate (FY2012) “Government of India’s documents, ” Population and mean age “The world factbook 2014, ” productive-age population “UN’s World Population Prospects 2012, ” Japanese companies’ entrance into India “Study by Embassy of Japan in India”
Established in 2000, New Era is a recruiting company targeting high-class professionals in India. Strong in introducing IT professionals, New Era is well respected in the market, working with a large number of global clients. In addition to its head office in New Delhi, New Era has offices in major cities (Bangalore and Mumbai) with plans for further expansion in India. We will create synergies with en-japan group’s customer assets and know-how. As more Japanese companies expand into India, we believe that we can further drive growth by promoting business partnership with these Japanese companies.
Through this investment, we will offer recruitment services that provide higher customer satisfaction and create ideal networks across borders. We aim to support economic growth on a global level.
Overview of company to be acquired
| （1）Company name | New Era India Consultancy Pvt. Ltd. |
| （2）Representative | Arvind Sehgal |
| （3）Head office address | E-156, First Floor, Main Road, Kalkaji, New Delhi-110019, India |
| （4）Established in | 2000 |
| （5）Number of employees | 331 (as of end of March 2014) |
| （6）Main business | Recruiting services |
Overview of en-japan
| （1）Company name | en-japan inc. |
| （2）Representative | Takatsugu Suzuki |
| （3）Head office address | 6-5-1, Nishi-shinjuku, Shinjuku-ku, Tokyo, Japan |
| （4）Established in | 2000 |
| （5）Number of employees | Consolidated: 1,269 Non-consolidated: 707 (as of end of March 2014) |
| （6）Main business | Recruitment service and post-employment support, Internet-based job information service, job placement, employee training, H&R consulting, aptitude tests |
en-japan group’s recruitment business in overseas
| Business | Geographical areas |
| Recruitment services | Japan, Australia, South Korea, Singapore, Vietnam, Hong Kong, Thailand and mainland China |
| Job board | China and Vietnam |