Kailash Shahani shares "How Consulting Business Create Wealth" with FranchiseIndia that provides franchise opportunities in India

1. Kailash Shahani shares the topic
“How Consulting Business Create
Wealth" with Franchiseindia
Indian consulting industry is growing at a fast pace with
more number of brands taking the franchise route. The
global consulting market is currently dominated by mature
consulting markets like North America, Western Europe,
Japan etc. Indian consulting firms are thriving with the
growing competition and market demands. We take a look
at how the Indian consulting industry is providing lucrative
avenues to the investors.
Factors like stiff business competition and gaining optimum
market share in the highly competitive markets have opened
many prospects for the consulting and advisory services in India.
As per reports, the Indian consulting market has seen a growth
of about four percent in recent years despite economic
slowdown. A study by Source Information Services published
on Consultants-News website, states that in some ways the
economic slowdown helped in increasing the demand in India
are consulting market as clients look for help to increase revenue
and improve efficiency. Kailash Shahani, Founder, Morpheus
Human Consulting Pvt. Ltd., says, “Over the last few years, the
HR industry has witnessed some radical evolutionary leaps, led
primarily by technology and the growth of domestic home
grown multinationals. The industry is estimated to be over Rs
30,000 crore. Out of this, the segment of recruitment accounts
for a majority of the industry (over 70 per cent). Some of other
services that command a big market share include L&D,
outsourcing, technology, consulting and advisory services. As
per Monster employment index, the job employment index of
job portal monster.com has registered a 19 per cent Y-o-Y

2. growth. 16 of the 27 industry sectors monitored by the index
registered positive Y-o-Y growth. The growth signifies that the
year 2015 is expected to be a better year for job seekers and
recruiters.”
Franchising, a key to success
Most leading consulting brands are expanding via franchise
route across the country as they feel it has helped them grow
fast. “We started franchising at Morpheus in the year 2008 and
since then, we have never looked back. Our first partner from
Kolkata is today a stake holder in the company and also a close
family friend. At Morpheus we don’t look for franchisee but
partners who share the same passion for the business,” shares
Shahani.
What’s new?
 Large student visa firms to connect with sub-agents to
recruit students. Many of the overseas universities are
hiring a full-time representative in India and going directly
to the sub-agents.
 Many companies have sports zone in the premises for
their employees.
 Social media hiring is another latest trend in the business.