Sapphire Human Capital Company Profile

Background

Sapphire Human Capital, established in 2008, is a premier retained executive search firm headquartered in Mumbai, India. The company specializes in leadership hiring, offering personalized and customized human resource solutions across various industries. With a mission to create value for clients by partnering to hire the right talent, Sapphire Human Capital has become a trusted name in the executive search industry. The firm's commitment to excellence and client service has resulted in a high repeat business ratio and numerous client referrals.

Key Strategic Focus

Sapphire Human Capital's strategic focus centers on providing end-to-end permanent recruitment solutions across all management spectrums. The firm employs proprietary assessment methodologies, cutting-edge technology, and extensive industry networks to execute search mandates effectively. Specializing in executive search, team lifts (acquihiring), and board searches, Sapphire Human Capital targets sectors such as banking, finance, technology, and engineering.

Financials and Funding

As of the fiscal year ending March 31, 2024, Sapphire Human Capital reported significant financial growth:

Total Revenue: Increased by 86.3% year-over-year.

Profit: Surged by 236.06%.

Net Worth: Rose by 38.38%.

The company has an authorized capital of ₹1.00 crore and a paid-up capital of ₹0.15 million. In January 2017, Sapphire Human Capital secured a later-stage venture capital funding of $146,000 from Anand Rathi Financial Services.

Technological Platform and Innovation

Sapphire Human Capital differentiates itself through proprietary assessment methodologies and the use of cutting-edge technology in its search processes. The firm offers a "Competition Tracker" service, providing in-depth competitor insights, organizational structure analysis, compensation benchmarking, curated leadership profiles, and market intelligence. This service enables clients to make informed business decisions with accurate benchmarking insights.

Leadership Team

Ankit Bansal: Founder & CEO. Ankit brings deep multi-industry expertise, predominantly in banking, consulting, research, and human resources.

Sandeep Batra: Partner. With over 26 years of experience in corporate banking, Sandeep has held positions at American Express, Bank of America, and HSBC.

Rishi Kapoor: Partner. Rishi has nearly two decades of experience in the media industry, specializing in concept selling, media marketing, strategic partnerships, event planning, and consumer engagement.

Naghma Sharma: Partner. Naghma is a seasoned search and talent acquisition professional with over 20 years of experience across IT services, FMCG, retail, telecom, and start-ups.

Namrata Sawant: Partner. Namrata has over 33 years of experience in HR leadership roles across airlines, pharmaceutical, and express transportation industries.

Competitor Profile

Market Insights and Dynamics

The executive search industry in India is highly competitive, with numerous firms offering specialized recruitment services across various sectors. The demand for top-tier talent has led to the emergence of firms focusing on niche markets and leveraging technology to enhance their search processes.

Competitor Analysis

Key competitors of Sapphire Human Capital include:

Accent Jobs: A provider of job placement solutions, founded in 1995.

VietnamWorks: Offers outsourcing services, established in 2002.

Microsourcing: Provides offshoring and outsourcing solutions, founded in 2006.

Partnaire Group: A recruitment solutions provider, established in 1952.

These competitors offer a range of services, including job placement, outsourcing, and recruitment solutions, catering to diverse industries and markets.

Strategic Collaborations and Partnerships

Sapphire Human Capital has demonstrated its capability in facilitating significant team movements and mergers and acquisitions. Notably, the firm successfully executed India's first M&A deal by an executive search firm, assisting a client in acquiring a profitable fintech company, thereby accelerating the client's growth trajectory.

Operational Insights

Sapphire Human Capital's distinct competitive advantages include:

High Closure Ratio: 60% of searches close within three presented candidates.

Efficient Turnaround Time: In 75% of searches, three best-fit candidates are provided within four weeks.

Comprehensive Reference Checks: Undertakes multiple discrete reference checks from ex-bosses, peers, clients, and even competitors to corroborate assessments.

High Offer-to-Joining Ratio: Achieved an offer-to-joining ratio exceeding 97%.

Strategic Opportunities and Future Directions

Sapphire Human Capital aims to expand its service offerings by entering allied areas in the human capital domain, such as temporary staffing, human resource outsourcing, and e-recruitment. Leveraging its strong client relationships and industry expertise, the firm is well-positioned to capitalize on emerging opportunities in the evolving HR landscape.