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Our practice focus across industries and functions as listed under and long presence across PAN India has raised our competency to a level that enables us to identify the right art, keeping in mind core skills, experience, cultural dynamics and lingual capabilities.
Our mandate includes roles ranging across all steps of organizational hierarchy.
Presently, we are offering recruitment solutions to these industry sectors.
Agriculture plays a vital role in India’s economy. Over 58 per cent of the rural households construct on agriculture as their principal means of recreation. Agriculture, along with fisheries and forestry, is one of the largest contributors to the Gross Domestic Product (GDP).
As per estimates by the Central Statistics Office , the share of agriculture and linked sectors (including agriculture, livestock, forestry and fishery) was 15.35 per cent of the Gross Value Added (GVA) during 2015–16 at 2011–12 prices.
India is the biggest producer, consumer and exporter of spices and spice products. India’s fruit productions has grown faster than vegetables making it the second biggest fruit producer in the world. India’s horticulture out put, comprising fruits, vegetables and spices, has reached to a record high of 283.5 million tonnes in 2014-15. It ranks third in farm and agriculture outputs. Agricultural export aggregate 10 per cent of the country’s exports and is the fourth-largest exported principal commodity. The agro industry in India is divided into several sub segments such as canned, dairy, processed, frozen food to fisheries, meat, poultry, and food grains.
The auto sector is one of the most important donors to GDP and employment in India, with huge probable for growth. The sector detail for 7% of India’s GDP, 45% of manufacturing GDP and employs around 19 million people both directly and indirectly. Further, the part contributes over 4.3% to India’s total exports and 13% of the country’s excise credit.
Passenger vehicle quantity expected to become 1.5 times by 2020. Over the years, the Indian auto industry has developed as one of the world’s largest, with annual sales of 19.8 million automobiles in FY15. It is too one of the fastest growing auto markets, with the manufacture of 23.4 million vehicles in FY15 and a leading rank in many sub-segments.
The auto-components trade accounts for around seven percent of India’s Gross Domestic Product (GDP) and employs as several as 19 million people, both directly and indirectly. A balanced government framework increased purchasing power, large domestic market, and a consistently increasing development in infrastructure have made India a favorable destination for the asset.
According to the Automotive Parts
Manufacturers Association of India (ACMA), the Indian auto ingredient industry is expected to register a turnover of US$ 100 billion by 2020 backed by big exports ranging between US$ 80- US$ 100 billion by 2026, from the modern US$ 11.2 billion.
India’s civil aviation industry is on a high-growth path. India aims to become the third-largest aeronautics market by 2020 and the largest by 2030.
The Civil Aviation trade has ushered in a new era of expansion, driven by aspects such as low-cost carriers
(LCCs), current airports, Foreign Direct Investment (FDI) in domestic airlines, advanced information technology (IT) interventions and growing emphasis on regional connectivity. India is the 9th biggest civil aviation market in the world, with a market size of over US$ 16 billion. India is expected to become the third largest aviation market by 2020
As per the Reserve Bank of India (RBI), India’s banking zone is adequately capitalized and well-regulated. The economic and financial conditions in the country are far admirable to any other country in the world. Credit, market and liquidity exposure studies suggest that Indian banks are generally strong and have withstood the global decline well.
The Indian banking scheme subsists of 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, in inclusion to cooperative credit institutions. Public-sector banks discipline nearly 80 percent of the market, thereby escape comparatively much smaller contribution for its private peers. Banks are also promising their customers to manage their balance sheet using mobile phones. A number of mobile banking transactions in December 2015 expanded four times year-on-year and jumped by 46 percent from the previous month to Rs 49,029 crores (US$ 7.34 billion), as per data from the RBI.
India has a varied financial sector undergoing rapid development, both in terms of solid growth of existing financial services firms and lattest entities penetrate the market. The sector constitute commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and more smaller financial entities. The banking manager has allowed new entities such as payments banks to be created freshly thereby adding to the types of entities running in the sector. However, the financial sector in India is especially a banking sector with commercial banks accounting for other than 64 percent of the total assets held by the economic system.
The Government of India has introduced many reforms to liberalise, control and enhance this industry. The Government and Reserve Bank of India (RBI) have taken many parts to facilitate clear access to finance for Micro, Small and Medium Enterprises (MSMEs). These measures build launching Credit Guarantee Fund Scheme for Micro and Small Trades, issuing protocol to banks abbout collateral requirements and ambience up a Micro Units Development and Refinance Agency (MUDRA). With a united push by both government and private sector, India is assurely one of the world’s most dynamic capital markets.
The insurance industry of India subsists of 53 insurance companies of which 24 are in life insurance trade and 29 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the one and only one public sector company. Aside from that, among the non-life insurers, there are 6 public sector insurers. In inclusion to these, there is sole national re-insurer, namely, General Insurance Corporation of India (GIC Re). Alternative collaborators in Indian Insurance market include agents (individual and corporate), brokers, measurer and third party authority providing health insurance claims.
The Indian insurance market is a giant business opportunity waiting to be exploited. India currently accounts for less than 1.5 percent of the world’s overall insurance premiums and around 2 percent of the world’s life insurance premiums despite being the second most crowded nation. The country is the fifteenth biggest insurance market in the world in terms of premium volume and has the potential to advance exponentially in the coming years.
The biotechnology sector of India is highly contemporary and is on a big growth orbit. The sector, with its boundless growth potential, will continue to play a significant act as an innovative manufacturing hub. The sector is one of the best significant sectors in boosting India’s global profile as well as adding to the growth of the economy.
India is among the top 12 biotech harbor in the world and ranks third in the Asia-Pacific region. India has the second-highest number of US Food and Drug Administration (USFDA)–recognized plants, after the USA and is the largest producer of recombinant Hepatitis B vaccine. Out of the top 10 biotech associations in India (by revenue), seven have expertise in biopharmaceuticals and 3 specialize in agri-biotech.
India has no dearth of capacity in biotechnology, as a number of institutions, both government and autonomous, provide the important opportunities for the students seeking to needed a degree in this sector. The Government of India has administrated adequate scope to this sector by providing facilities for Research and Development (R&D) in the field of biotechnology.
India is expected to grow into the fifth-largest buyer durables market in the world by 2025. The buyer’s electronics market is expected to develop to US$ 400 billion by 2020. The production is expected to scope US$ 104 billion by 2016.
The sector is expected to twice at 14.7 percent compound annual growth rate (CAGR) to US$ 12.5 billion in FY15 from US$ 6.3 billion in FY10. Urban markets account for the big share (65 percent) of overall revenues in the buyer durables sector in the country. Demand in urban markets is expected to develop for non-essential products such as TVs, ACs LEDs, laptops and, beauty and wellness commodities. In rural markets, durables comparable refrigerators, as well as buyer electronic goods, are likely to witness growing demand in the coming years as the government plans to provide significantly in rural electrification.
The FMCG sector has grown at an annual familiar of around 11 percent over the last decade. The overall FMCG market is expected to raise at (CAGR) of 14.7 percent to touch US$ 110.4 billion during 2012-2020, with the rural FMCG market anticipated to rage at a CAGR of 17.7 percent to scope US$ 100 billion during
2012-2025.Food products are the dominant segment, accounting for 43 percent of the comprehensive market. Personal care (22 percent) and fabric care (12 percent) come next in terms of market share.
The education sector in India is hovering to witness big growth in the years to come as India will have world’s largest tertiary-age population and second biggest graduate capability pipeline globally by the end of 2020. In FY 2015-16, the education market was worth over US$ 100 billion and is expected to reach US$ 116.4 billion in FY 2016-17. Modern higher education contributes 59.7 per cent of the market size, school education 38.1 per cent, pre-school division 1.6 percent, and technology and multi-media the remaining 0.6 per cent.
This sector is named as the major business driver in India in the Indian Job Outlook Survey 2012. It is expected that employment opportunities will extend to grow in this sector for the next two decades.
The Indian Engineering sector has supported a remarkable growth up the last few years consumed by increased investments in infrastructure and industrial manufacture. The engineering sector, being closely associated with the producing and infrastructure sectors, is of critical importance to India’s economy.
India on its adventure to become a global superpower has made significant tramp towards the development of its engineering sector. The Government of India has appointed the Engineering Export Promotion Council (EEPC) during the apex body in charge of promotion of engineering goods, products, and services of India. India exports shipment equipment, capital goods, other machinery/equipment and light engineering manufacturing such as castings, forgings, and fasteners to many countries of the world.
The Indian food trade is poised for huge growth, increasing its providing to world food trade every year. In India, the food sector has appeared as a high-growth and high-profit sector due to its immense potential for amount addition, particularly within the food processing industry.
The food industry, which is currently rate at US$ 39.71 billion is expected to grow at a Compounded Annual Growth Rate (CAGR) of 11 percent to US$65.4 billion by 2018. Food and grocery account for over 31 percent of India’s consumption cradle.
Accounting for over 32 percent of the country’s total food market, The Government of India has been instrumental in the growth and grow up of the food processing trade. The government through the Ministry of Food Processing Industries (MoFPI) is making all achievement to encourage investments in the business. It has authorized proposals for joint ventures (JV), foreign collaborations, industrial licenses, and 100 percent export adapt units.
Healthcare has developed into one of India’s biggest sectors – both in terms of credit and employment. Healthcare comprises hospitals, clinical trials, medical devices, telemedicine, outsourcing, medical tourism, medical equipment and health insurance. The Indian healthcare sector is growing at a brisk pace because of its strengthening coverage, services and increasing expenditure by the public as well private players.
Indian healthcare delivery system is categorized into two dominant components that are public and private. The Government, that is public healthcare system cover limited secondary and tertiary care institutions in key cities and focuses on affording basic healthcare facilities in the form of primary healthcare centers (PHCs) in rural areas. The private sector affords the majority of secondary, tertiary and quaternary care institutions with a large concentration in metros, tier I and tier II cities.
India’s aggressive advantage lies in its large pool of well-trained medical professionals. India is also valued competitive compared to its peers in Asia and Western countries. The cost of surgery in India is over one-tenth of that in the US or Western Europe.
The infrastructure sector is a key driver for the Indian economy. The sector is highly liable for thrusting India’s overall development and enjoys intense target from Government for initiating policies that would ensure the time-bound establishment of world class infrastructure in the country. Minister of Road Transport and Shipping and Highways has declared the government’s purpose target of Rs 25 trillion (US$ 376.53 billion) investment in infrastructure over a period of three years, which will combine Rs 8 trillion (US$ 120.49 billion) for developing 27 industrial clusters and an additional Rs 5 trillion (US$ 75.30 billion) for road, railway and port connectivity projects.
Infrastructure sector includes power, bridges, dams, roads and urban infrastructure development.
India is the world’s biggest sourcing station for the information technology (IT) industry, accounting for approximately 67 percent of the US$ 124-130 billion market. The corporation employs about 10 million workforces. More importantly, the industry has led the economic renewal of the country and modified the perception of India in the global economy. India’s cost competitiveness in administrating IT services, which is almost than 3-4 times cheaper than the US, continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market. However, India is also achieving prominence in terms of intellectual capital with several global IT firms setting up their innovation hubs in India.
The IT industry has also organized significant insistence in the Indian education sector, especially for engineering in IT and computer science. The Indian IT and ITeS industry are divided into four major parts – Business Process, IT services, Management (BPM), software products and hardware services and engineering services.
The Indian IT sector is expected to develop at a rate of 12-14 percent for FY2016 in constant currency terms. The sector is also expected triple its current annual revenue to ability US$ 350 billion by FY 2025, as per National Association of Software and Services Companies (NASSCOM).
The Indian Media and Entertainment (M&E) industry is a dawn sector for the economy and is making high growth tramp. Proving its flexibility to the world, the Indian M&E industry is on the cusp of a heavy phase of growth, backed by ascending consumer demand and improving advertising revenues.
The industry has been broadly driven by enlarging digitization and higher internet usage around the last decade. The Internet has approximately become a mainstream media for entertainment for most of the people.
Nongovernmental Organization (NGO) is a nonprofit social service spontaneous system of community, persons, volunteers, citizens and civilians. NGO is certified at Government registering authorities but it is handled, operated and worked by its members and associated executives under and as per the rules, regulations, and laws of the Government of that country but independently from government supervision. ASCENT has been supporting the recognized NGOs by providing most apt human resources, who are transparently working for social development in the society and the Volunteers associated and working with such better NGOs feel satisfaction to share their time and resources in many sectors of the society.
The oil and gas sector is surrounded by the six core industries in India and plays a big role in affecting decision making for all the many important sections of the economy.
In 1997–98, the New Exploration Licensing Policy (NELP) was anticipated to fill the ever-increasing gap between India’s gas demand and supply. A recent announcement points out that the Indian oil and gas industry is anticipated to be cost US$ 139.8 billion by 2015. India’s economic growth is firmly related to energy demand; therefore the need for oil and gas is calculated to grow more, thereby making the sector quite useful for investment.
The Indian pharmaceuticals market is the third-biggest in terms of volume and 13 biggest in terms of amount. Branded generics command the pharmaceuticals market, constituting about 70 to 80 percent of the market. India is the biggest provider of generic drugs globally with the Indian generics accounting for 20 percent of global transports in terms of volume. Of late, consolidation has become a great characteristic of the Indian pharmaceutical market as the industry is highly disintegrated.
India appreciates an important position in the global pharmaceuticals sector. The country also has a large pool of analyst and engineers who have the potential to steer the industry along to an even higher level. Presently around 80 percent of the antiretroviral drugs used globally to combat AIDS (Acquired Immuno Deficiency Syndrome) are outfitted by Indian pharmaceutical firms.
India’s biotechnology industry covering bio-services, biopharmaceuticals is expected grow at an average growth rate of around 30 percent a year and grow up US$ 100 billion by 2025. Biopharma, comprising vaccines, therapeutics, and diagnostics, is the biggest sub-sector contributing nearly 62 percent of the total revenues at Rs 12,600 crore (US$ 1.9 billion).
Power is one of the most demanding components of infrastructure central for the economic improvement and benefits of nations. The existence and development of capable infrastructure are essential for sustained growth of the Indian economy.
India’s power sector is one of the best diversified in the world. Sources of power generation dimension from conventional sources such as lignite, coal, oil, natural gas, a hydro and nuclear power to viable non-conventional sources such as solar, the wind, and agricultural and domestic waste. Electricity demand in the country has expanded rapidly and is expected to rise further in the years to appear. In order to meet the growing demand for electricity in the country, massive addition to the installed generating scope is required.
The real estate sector is one of the most globally identified sectors. In India, real estate is the second biggest employer beyond agriculture and is contracted to grow by 30 percent over the next decade.
The Indian real estate market has grown into one of the most preferred harbors in the Asia Pacific as overseas funds accounted for more than 50 percent of all investment enterprise in India in 2014, compared with just 26 percent in 2013.
The real estate sector constitute four sub-sectors – housing, retail, commercial and hospitality. The success of this sector is well complemented by the growth of the collective environment and the demand for office space as well as urban and semi-urban boardinghouses.
The construction industry positions third among the 14 big sectors in terms of direct, indirect and induced effects in all sectors of the economy.
The Indian real estate market is expected to hit US$ 180 billion by 2020. The housing sector unattended contributes 5-6 percent to the country’s Gross Domestic Product (GDP).
The research ecosystem in India presents an important opportunity for multinational corporations across the world due to its intellectual capital applicable in the country. Legions of Indian engineers working beyond the globe highlight the highly trained manpower available at competitive values. Consequently, many MNCs have shifted or are shifting their research and development (R&D) base to India. These R&D bases either develop products to deliver the local market or help the parent company overseas deliver the new innovative generation of products quicker to the markets across the world.
Overall India-based R&D Globalization and R&D Services market reached US$ 20 billion in 2015, up by 9.9 percent over 2014. R&D Services market stood at US$ 7.76 billion and R&D Globalisation market (Captives) stood at US$ 12.25 billion. India’s R&D globalization and services market is set to almost double by 2020 to US$ 38 billion.
The Indian retail industry has arrived as one of the most dynamic and fast-paced industries due to the appearance of many new players. It accounts for over 10 percent of the country’s Gross Domestic Product (GDP) and approx 8 percent of the employment. India is the world’s 5th-largest global station in the retail space.
India’s retail market is expected to virtually double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by profit growth, urbanization, and attitudinal shifts. While the global retail market is expected to grow at 12 percent per annum, the current trade would expand twice as fast at 20 percent per annum and universal trade at 10 percent.
India’s Business to Business (B2B) e-commerce market is expected to scope US$ 700 billion by 2020 because the Business to Consumer (B2C) e-commerce market is conventional to reach US$ 102 billion by 2020. Online retail is normal to be at par with the physical stores in the coming five years.
India is expected to develop into the world’s fastest growing e-commerce market, driven by booming investment in the sector and accelerated increase in the number of internet users. Many agencies have huge expectations about the growth of Indian e-commerce markets. Indian e-commerce sales are expected to touch US$ 120 billion by 2020 from US$ 30 billion in FY2016.Another, India’s e-commerce market is expected to reach US$ 220 billion in terms of gross merchandise value (GMV) and 530 million shoppers by 2025, led by faster speeds on decent telecom networks, faster adoption of online services and the best array as well as convenience
The services sector, with around 52 percent addition to the Gross Domestic Product (GDP) in 2014-15, has made accelerated strides in the past decade and a half to emerge as the biggest and one of the rapid-growing sectors of the economy. The services sector is not only the dominant sector in India’s GDP but has also captivated significant foreign investment flows, contributed significantly to exports as well as administrated large-scale employment. India’s services sector covers a wide many of enterprises such as trade, transport, hotel and restaurants, financing, storage and communication, insurance, real estate, community, business services, social and personal services, and services associated with development.
India is the world’s third-biggest manufacturer of crude steel (up from eighth in 2003) and is expected to become the second-biggest manufacturer by 2016. The growth in the Indian steel sector has been directed by the domestic availability of raw materials such as iron ore and cost-effective labor. Therefore, the steel sector has been a big contributor to India’s producing output.
The Indian steel industry is very latest with state-of-the-art steel mills. It has always strived for continuous modernization and up-gradation of older plants and large energy efficiency levels.
India is specified to become a big consumer of metals over the coming years as the government makes big efforts to improve infrastructure in the country. That said, though some roadblocks regarding the availability of raw materials have been cleared, the institutional deficiency will continue to hinder growth in the metals industry.
In contrast to the clouding outlook in major steel-producing countries, we believe India’s steel sector is on the path to experience bearable moderate growth over our budget period to 2019. While steelmakers in countries plus Japan, China, and South Korea are striving with overcapacity and sluggish steel demand.
India’s mining sector will experience strong growth, primarily increased by the country’s positive improve and vast mineral reserves. Despite this, the sector will continue to face protests due to the country’s inadequate performing environment, mining royalties and low metals costs will prohibit India from reaching its full growth potential.
India is currently the world’s second-biggest telecommunications market and has certified strong growth in the past decade and a half. The Indian mobile economy is growing quickly and will commit considerably to India’s gross domestic product (GDP), according to the report prepared by GSM Association (GSMA) in association with the Boston Consulting Group (BCG).
The liberal and reformist policies of the Government of India have been involved along with heavy consumer demand in the quick growth in the Indian telecom sector. The government has set up easy market appearance to telecom equipment and a fair and proactive regulatory framework that has assured the availability of telecom services to the consumer at affordable prices. The deregulation of foreign direct investment (FDI) norms has built the sector one of the fastest growing and a top five employment opportunity generator in the country.
India’s textiles sector is one of the earliest industries in Indian economy dating back many centuries. Even now, textiles sector is one of the biggest contributors to India’s exports with almost 11 percent of overall exports. The textiles industry is also labor accelerated and is one of the biggest employers. The industry realized export gaining’s worth US$ 41.4 billion in 2014-15, an expansion of 5.4 percent, according to The Cotton Textiles Export Promotion Council (Texprocil). The textile industry has two broad divisions. First, the unorganized sector consists of handicrafts, sericulture, and handloom which are operated on a limited scale and through popular tools and methods. The second is the standardized sector subsists of spinning, apparel and garments division which apply current machinery and capabilities such as economies of scale.
The Indian textiles industry, moderately estimated at over US$ 108 billion, is expected to cross US$ 223 billion by 2021. The industry is the second biggest employer after agriculture, affording employment to over 45 million people directly and 60 million people indirectly. The Indian Textile Industry affords almost 5 percent to India’s gross domestic product (GDP), and 14 percent to total Index of Industrial Production (IIP).
The Indian tourism and accommodation industry has arrived as one of the key drivers of growth among the services sector in India. The third-largest sub-segment of the services sector comprising repair, industry services, hotels and restaurants contributed approximately US$ 187.9 billion or 12.5 percent to the Gross Domestic Product (GDP) in 2014-15 wherever growing the fastest at 11.7 percent Compound Annual Growth Rate (CAGR) up the period 2011-12 to 2014-15. Tourism in India has significant potential considering the rich cultural and historical culture, variety in ecology, terrains and places of natural beauty escalation across the country. Tourism is also a potentially big employment generator besides being a significant source of foreign swap for the country.