Milestones

The year 1992 marked the beginning of Ma Foi’s voyage on a path full of challenges, rewarding moments, and achievements.

1992

  • Inception of Ma Foi.

1994

  • Transition from private limited to public limited company.

1996

  • Crossing a turnover of Rs. 0.1 Billion. Expansion to multiple locations within India through own offices.

1998

  • Expansion of service portfolio to HR Outsourcing, Executive Search as a separate business unit
  • First Bonus Issue.

2000

  • ISO Certification.

2001

  • Foray into the International market.

2002

  • Crossing 5000 deputy mark.

2003

  • Further expansion within India through Franchisee network.

2004

  • Becoming a part of Vedior – World’s largest specialist staffing major.
  • Launch of Ma Foi Academy – The Career Training Business of Ma Foi.
  • Crossed the 10,000 deputee mark and emerged as the leader in flexi staffing business in India.
  • Release of the first Ma Foi Employment Survey (MEtS) results for OND Quarter.

2005

  • Merger of Consulting & Outsourcing business to form a separate subsidiary – ‘Ma Foi Consulting Solutions Ltd.’
  • Spin off of the Executive Search Business – ‘Ma Foi Global Search Services Ltd’ was launched and it became a part of the global executive search networks like International Executive Search Federation and Taplow, representing them in specified geographies.

2006

  • Ma Foi strategic diversification into IT through a wholly owned subsidiary – MINVESTA INFOTECH LTD.
  • Ma Foi Academy merged with Staffing Solutions Business.

Our past milestones serve as stepping stones and inspire us to scale greater heights in the years to come.