Expressnews
Chennai, 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.
Its 3 modules are available in standalone mode as well as integrated mode to its customers to manage end-to-end HR compliance in one platform:
- Built-on Multi-tenant and Micro-services Architecture.
- Dynamic Roles and user definition for any type of Industries
- Single Sign On
- Seamless Client Onboarding with few clicks.
- Real time compliance updates
- Security features:
- Encryption: SHA 2 (Secure Hash Algorithm) encryption, implemented in some widely used security applications
- Data Localization & Back Up: Data is stored within Indian geographical locations with data back up guaranteed for 5 years.
- Server hosting: Server hosted on datacenter with security standards and compliance certifications
- Disaster recovery: Off Site cold Backup and Near site DR
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.”
Fostering talent and cultivating a leadership team that comprehends any organization’s culture and growth objectives is vital. Jombay, the talent assessment and development arm of CIEL Group, has acknowledged the hurdles that leaders encounter when stepping into new roles. In response, they’ve established a Transition Coaching Academy to support leaders in overcoming these challenges and evolving into successful leaders.
Speaking about Transition Coaching Academy, Mr. K Pandiarajan, Executive Chairperson and Director – Ma Foi Group & CIEL Group said, “In this rapidly changing world with many technological advancements it is essential for organisations to build the right leadership team who can be agile in handling dynamic situations and accelerating company’s growth. Through Jombay’s Transition Coaching Academy we aim to be an integral part of organisation’s business growth journey by helping them coach and build a reliant leadershipteam.”
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.”
Additionally, Talking about Ma Foi’s continuous endeavor to partner with Government and Corporates in the field of skill development, Mr. Rajiv Krishnan said:
“In the Government skilling division, with numerous centers across TN and Karnataka, Ma Foi today handles close to 1000 students on any given day. The projects range from DDUGKY , NULM, PMKVY 4.0, and ESDM projects and skilling sectors that are covered are BFSI, Retail, ITES and Telecom.We have recently signed an MoU with PM Daksh under the Ministry of Social Justice and welfare to train 1000 students and take the total training centers to 28.”“Meanwhile our CSR skilling programs trains students hailing from economically and socially disadvantaged backgrounds in a diverse range of skills, including Banking, Financial Services, and Insurance (BFSI), Healthcare, Logistics, Retail, Human Resource Management, Recruitment, IT-ITES, and more. Moreover, we offer specialized programs that complement existing Industrial Training Institutes (ITI) and Polytechnic curricula, such as CNC Simulation and Automotive across Tamil Nadu, Karnataka, Madhya Pradesh, Haryana, the National Capital Region (NCR), Maharashtra, Odisha, Telangana, and Gujarat.On average, over 3,000 students benefit from our programs annually, with a minimum of 500 students actively participating in our classrooms at any given time. The Ma Foi Foundation has successfully partnered with prominent corporations, including the Mahindra & Mahindra Group, Tata Coffee, PB FinTech, ICICI Foundation, Blue Cross Laboratories, Tech Mahindra Foundation, SMS Group and others.
