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Altruist Technologies Bets Big On Job Service Product.

August 6, 2008, Chandigarh, India.

FW BUREAU
Chandigarh, Aug 5

Motivated by the fact that the number of mobile users growing at over five times more than those having internet access, city- based Altruist Technologies has come out with value-added services to tap this growing market. Speaking to The Financial World, Anuj Aggarwal, Managing Director of the company, said, 'The company aims to ride over the deep penetration of mobile phones to offer placement services over the mobile. Although, these services are available on the Internet but the company has customised the Internet job offerings for making it available to a large pool of not so skilled jobseekers who are not as much net savvy. This unique offering shall bridge the service gap towards finding the right candidate particularly for the low end segment of skill sets."

The company has positioned itself as a unique player in the high growth placement industry with a potential to reach 250 million mobile subscribers for delivering end-to-end solutions for staffing and employment. The company has already tied up with Tatatele, Airtel and Idea to provide this service having the subscriber base of 47,000 registered candidates with the initial launch in Punjab.

"We already have the presence in 14 cities across the country and we also have plans to enter the overseas market aiming at evolving this product to address the immigration and overseas employment opportunities with the targeted turnover of Rs 155 crore for this fiscal" said Aggarwal. Speaking further, he said we would be investing somewhere around Rs 10 crore on the international operations and Rs 25 ciore on branding of the company in the country.


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