Bengaluru, 23 September 2023: In line with its annual plan and commitments to its investors, Ma Foi (A CIEL Group company), a pioneer in providing HR services with 3 decades of expertise, is now equipped with technology to delight its customers by resolving the complex nature of HR compliance in India.
Commenting on the occasion, Mr. K Pandiarajan, Executive Chairperson and Director – Ma Foi Group & CIEL Group said, “CIEL Group is bolstering its ever-growing portfolio of digital HR solutions with the introduction of eZYCOMP, An integrated tech solution for HR Compliance Management. Considering the market potential and its continuously growing geographical reach through the group’s 77 branches across 47 locations in India, Ma Foi aims to be the market leader in HR compliance service by 2028. eZYCOMP is a robust platform loaded with more than 75000 Central and state-specific rules which are mapped into it.”
The estimated market size for Tech solutions in HR compliance is INR 6000+ crore in India with a targetable customer base of 15 lakh+ registered companies under MCA and 1.6 Crore+ Organizations registered under MSME in India. eZYCOMP is designed in a way to simplify HR compliance activities for all stakeholders, reduce human errors and human hours by 80%, and ensure regulatory adherence as per the latest amendment through regular auto updates in the system. Talking about the adding HR tech capability, Mr. Rajiv Krishnan, Managing Director & CEO – Ma Foi Strategic Consultants said “In this era of rapid technological advancement, the significance of digital transformation within the HR fraternity cannot be overstated. Our platform, eZYCOMP, not only simplifies compliance management but also aligns seamlessly with the digital workplace, enabling a smooth and efficient approach to compliance, irrespective of the work location. As we forge ahead, we remain committed to harnessing the power of digital innovation in HR.”
Further, speaking on the growth of recently launched cutting-edge campus tech solution “ProSculpt”, Mr. Rajiv Krishnan, said “ProSculpt aims to reshape the educational landscape within campuses by moulding students into well-rounded professionals through integration of four modules: Assessments, Upskilling, Internship opportunities, and Fresher Jobs. Also, Elevating the significance of faculty in the campus ecosystem through Faculty Development Programs, Faculty Immersion and consulting programs. Within 10 months of its launch, ProSculpt has actively involved more than 48,000 students and forged partnerships with over 600 colleges across two states: Tamil Nadu and Karnataka with a plan to expand this success nationwide and establish a presence in India’s Northern, Western and Eastern regions by the end of this fiscal year. A noteworthy mention is the strategic collaboration with BITES – Karnataka, an autonomous body supported by the Government of Karnataka.”