en-japan inc. strengthens its footprint in India with the acquisition of 72.28% equity in Future Focus Infotech Private Limited (“FFI”), a leading provider of IT Solutions and Staffing Services across various industries in India, the Middle East & the US.
[ In the picture (Left to Right) - Mr. Koji Murata CEO, en world India, Mr. Veerandra Mathur, Co-founder and Joint MD, FFI , Mr. M.V Subramanium, Co-Founder and MD, FFI, Mr. Takatsugu Suzuki President en-japan Inc. Mr. Ryosuke Kanemoto, CIO, FFI ]
India has not only the world’s second-largest population but also a young economy with a high GDP growth rate, at 6.7%. It is predicted that more than 60% of the population will be of working-age by 2025 which makes it a great opportunity for human resource services. With a view to enhance its footprint in the Indian market, this is en-japan’s second acquisition in India after its first successful acquisition with New Era India back in 2014 for the permanent recruitment business.
en-japan, the parent company of en world group, strongly believes that technology advancement will immensely uplift the entire recruitment market and the edge in IT staffing business is the way to go for the company.
“FFI has seen sterling growth over the last 22 years in terms of revenue and client base, also with various specialized IT solutions and staffing services, a strong team and multinational presence. This provides a wonderful opportunity to strengthen our long term vision – ‘Good to Great Worldwide”, added Koji Murata, CEO, en world India.
Key Points of Acquisition
en-japan inc. acquires 72.28% equity in FFI for an Enterprise Value of INR 1,125M (JPY 1.73B) with an implied acquisition value of INR 813 Million (JPY 1.26B).
Purpose of making FFI a sub-subsidiary of en Japan
en-japan inc. is focusing its resources in Vietnam and India, where a huge growth potential can be seen in the mid- to long-term, as a priority strategy in its overseas development. Moreover, with FFI’s acquisition, en Japan will gain exposure in the recruitment market of Middle East and USA along with an increase in IT clients, especially in India. FFI will also have exposure to Japan, Vietnam, Australia & China market for IT Staffing Solutions.
en-japan inc. will strengthen its business in the IT field with this stock acquisition. At the same time, it will promote its support for advanced technology as well. The aim of this is to create a larger footprint in India with high growth of en-japan Inc. group and FFI.
FFI, which will now be a sub-subsidiary, has a 22-year track record in the IT Solutions and Staffing Services space. It has earned high praise in India for possessing leading Indian IT companies as customers. The company is also focusing its efforts on advanced technology (e.g., IoT, AI/ML, cybersecurity and robotics) education and is proactively investing in new fields.
About en-japan inc.
en-japan inc, the parent company of en world group, is a Tokyo stock exchange listed firm that provides online recruitment solutions across Japan. The company operates a number of job boards and career-related websites together with staffing services and executive search services.
About en world : en world is a leader in connecting global companies and candidates across the APAC region. Their exclusive Total Talent Engagement approach is focused on building long-lasting employment relationships that help both companies and their employees thrive.
About Future Focus Infotech Pvt. Ltd. (FFI)
A pioneer in India’s IT Solutions and Staffing business, Future Focus Infotech Pvt. Ltd. (FFI) offers Strategic IT Consulting and Managed Solutions to Technology companies. Incorporated in 1997, FFI has transformed over the years into a leader in this segment, offering project-based resource management support across geography and managed services across the latest technology skill spectrum. Committed to focusing on creating talent pools in emerging technologies, FFI’s philosophy is synergetic to en world’s Total Talent Engagement approach.