MUMBAI: The patriarch of the Indian recruitment industry, BP Agrawal, is slated to be the next head of Stanton Chase in India. Agrawal, who started ABC Consultants in 1969, is now its chairman and heads its executive search arm, Chairman’s High Circle. He is now expected to be the managing director of Stanton Chase India.
“If this alliance comes through then ABC Consultants‘ search arm will get a better branding. Right now, people are aware of ABC but not many know of Chairman’s High Circle,” says a senior company executive who does not wish to be named. Stanton Chase International is expected to announce the alliance in the coming week.
Stanton Chase International’s earlier venture in India was headed by R Suresh, who sold his franchise along with two other companies – NuGrid Consulting and Orane Consutants – to RGF Executive, the search arm of Japanese company Recruit Holdings, for approximately Rs 150 crore this July.
“It will not be an easy road for Chairman’s High Circle because R Suresh has taken all the clients with him. So despite the Stanton Chase brand name, they will have to start afresh,” says the managing director of another international franchise in India.
In an email to Stanton Chase International, George Cross, international chairman and director, UK, wrote: “I am sure it is no secret in India that we are seeking to identify a new partner as a result of the departure of R Suresh. At the moment, we are reviewing a number of firms in India and no final decision has been made. It is therefore premature for you to conclude that a deal is done with any firm.” Shiv Agrawal, managing director of ABC Consultants, refused comment.
ABC Consultants is not the only one in the race and “there are senior partners from other executive search firms in the reckoning,” says another senior search executive who did not wish to be named. ABC Consultants has five firms under it – Chairman’s High Circle (executive search arm), ABC Consultants (recruitments – middle and senior), HeadHonchos (e-recruitment), FlexAbility (into recruit process outsourcing) and Head-Count (volume hiring).
The Agrawal family is considered to be one of the premier families in the recruitment industry. While BP Agrawal is the consultant and executive chairman of ABC Consultants, other family members are in the recruitment industry as well.