Gurgaon: PeopleStrong, a premier HR technologies and human capital management firm, confirms joining forces with Goldman Sachs, (a US based investment bank) in its headquarter in Gurugram on Monday. Goldman Sachs has been an active investor in India for nearly two decades, having deployed over $9 billion in alternative capital across the country since 2006. Its investment in PeopleStrong is aligned with its broader strategy to back high-performance, technology-driven enterprises.
PeopleStrong, established in 2005, caters to over 500 clients in India, South-east Asia and Middle East. It was primarily into SaaS business, subsequently started offering multiple services in human capital domain i.e., payroll processing, talent acquisition, employee experiences and wide-ranging human capital management for over two decades.
The company holds its first town hall with employees in the office after being speculations surrounded in the market. During the long hour session, the CEO and founder outline its approaches in the future, focusing on technologies, AI, customer centricity, quality standards and advancement of technologies.
The event also marked as significant milestone for the PeopleStrong, which celebrates its 20th anniversary this year. The company also hands over with goodies to its employees on this occasion.
Pankaj Bansal, founder of PeopleStrong, observed, “When we started, even the HR SaaS wasn’t recognized in India—there had been a gap to fill in Indian market, which we chose to catch the long road, building our technology while educating the ecosystem along the way. Today, we stand out for its strong customer base, product strength, and well-organized execution. I’m deeply grateful to the clients who trusted us with the opportunity to grow and deliver. He said in his speech.
Speaking to the gallery, Sandeep Chaudhary, CEO of PeopleStrong says, “We are excited to join forces with Goldman Sachs. With their global expertise in SaaS and AI, we look forward to driving the next phase of our growth together through continued innovation and operational excellence.”
“We have remained focused on balanced, sustainable growth and are proud to stand out today as one of the few EBITDA-positive SaaS companies with a leading market position,”. remarked Sandeep Chaudhary.
I also thank the clients who avowals an impressive enterprise clientele including the Aditya Birla Group, Tata, Mahindra, Kotak Mahindra Bank, HDFC Ergo, Paytm, Cipla, IndiGo and Air India. Currently catering to over two million users, PeopleStrong has ambitious plans to expand to 10 million global users within the next five years, the CEO said during the townhall.