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German firm Steinbach sets up Indian arm

The Hindu Business Line:  February 22, 2012

Pune: Steinbach & Partner, the Germany-based global executive search and HR consultancy firm, has entered the Indian market and set up a wholly-owned subsidiary, headquartered in Pune.

“Pune was a natural choice for us to start India operations, since it is home to over 200 German companies and over 1,500 German professionals that are engaged in the auto and engineering businesses,” Mr Sebastian Steinbach, Director and Board Member, Steinbach & Partner, said.

“In the next 2-3 years, we will start our centres in Mumbai, New Delhi and Bangalore, and initially focus on sectors like automotive, engineering and life sciences,” said Mr Ramgopal Rao, President and Country Head, Steinbach and Partner Executive Consultants India Private Ltd.

He added that the company was targeting revenue of €1 million from its Indian subsidiary in the first three years of operations.

Steinbach and Partner uses scientific suitability tools and interviewing techniques such as the Hogan Test and Leadership Versatility Index (LVI) amongst its methods to scrutinize and assess candidates for performance capabilities and culture fit.

The company has a special cell that caters to the needs of start-ups/venture capital-funded companies and has recruited experts for over 100 companies financed with venture capital. The service will also be launched in India in due time.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.