Starting a Placement agency company in India requires a bit of know hows. When i started i thought starting a company legally is going to be very time consuming with lot of formalities. Because most of my friends asked how i started mu company and requested to write a post on how to start a consultancy company, i am writing this post.
I will be very straight forward and will write the points in steps for better understanding.
1. Decide a name for your company: Deciding name for the company is very important as this is the brand for which you will be working for the rest of your life. You should like the name and you should be able to relate yourself to the company.
2. Buy a domain name: You should buy a domain name for your company. Its compulsory because no body would trust a company who doesn’t have a good website and domain name is very important for having a website. Domain names are cheap around Rs. 450 /year and you can register a domain easily from this link and you can even check whether you company name is available or not by clicking this link?
3. Get your website Designed and Hosted: Next step is to get yourself a professional website design for your company. Designing could start from Rs. 7000 but i would recommend you to invest a little in website designing and hire a professional website design company . Professional design could cost you starting from Rs. 15,000 and basic Hosting for your website could cost you around Rs. 1000 per year.
4. Choose the type of company you want to open: Deciding which type of company you want to open is something which you have to do. There are 4 types of company which you can form in India.
- Sole Proprietorship : A sole proprietorship also known as a sole trader, or simply proprietorship is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner . All assets of the business are owned by the proprietor and all debts of the business are his debts and he must pay them from his personal resources
- Partnership: A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners
- Private Limited: A private company is a type of company incorporated under the India. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of public limited companies
- Public Limited: A public limited company is a type of limited company in the India which is permitted to offer its shares to the public.
5. Starting as a sole proprietorship firm: If you are starting alone i recommend you to start as a sole proprietor, because its easy to start and total control is in your hands. There are not much formalities for this kind of firm, you just have to get a current account ready in your name and you are ready to do business. However, if you company turnover reaches 10 lakhs per year, you will have to register for service tax.
6. Open a current account in any Bank: Opening a current account is the most important part of business. If you are opening a sole proprietership firm and have your service tax registration done, you can open account in any bank you want. But if you have not applied for service tax registration, you can opt for government banks to open the account. You can look for IDBI bank as opening current account is quite easy in that bank. For opening a current account you will need a company letterhead, Visiting card, and company stamp.
7. Buy naukri or monster login: You have to buy naukri or monster login to supply candidates to your clients. This is the costly part of consultancy business but you have to buy this to get started. Naukri login costs around Rs. 60,000 for 3 months and monster is almost around Rs. 35,000 for 3 months. You can buy it anytime but i recommend you to buy it once you get your first client. Don’t forget to negotiate as who knows you can get a better deal.
8. You are ready to do the business. Just go ahead and start searching for clients.
Cheers 
vrindavan choudhary
- Nov 9th, 11
Hi Firends,
I have lot of interested in opening a placement agency. My Questions are
1. what are the procedures and legal aspects to start own placement consultancy?
2. How can we make a approach to a Companies for providing him a manpower?
3. What are the contents in agreement between placement consultancy and Company?
Please reply me
9993100535
Name (required) parimal
- Dec 31st, 11
i start my new job consulting business
Sunny
- Nov 11th, 11
Hi Mates,
I have 5 yrs of IT & BPO exp and now I would like to start my placement agency.
Please n please call or email me on 9560902926
sunny.iteng@gmail.com
My faq’s are
1. How to get clients ?
2. Want 2 register my company n tax first. But how?
3. Any cheapest way to get cv’s, numbers, email ids who hav their profile in naukri, monster. Not exactly willing to buy login ids.
Please dost let me know n give me the bright n pure direction.
Best Regards,
Sunny
9560902926
himanshu
- Nov 11th, 11
what are the earnings of a job consultancy can anyone guide me ????what percentage do they get from the company…
Priya
- Dec 19th, 11
8.33 % You can get from the company
pallavi rajput
- Nov 14th, 11
how to strat my own job consultant business at small level ?
Saurabh Sinha
- Nov 15th, 11
Hi all, I am starting a Placement Co.. Please send a placement agreement tie up format .
Thanks
Saurabh Sinha
Jyoti
- Nov 15th, 11
I am interested in starting HR Recruitment consultancy in Manipal/Udupi.Can any one help me .
Harish
- Nov 28th, 11
To start a consultancy:
The main thing is location means your office should near by the IT place. You should keep good interior look for client(HR) purposes. Important thing is having letterate on your placement name, it should have T&C about payments and procedures, to convince a clients. For more details reply back to harish_b@rediffmail.com
Priya
- Nov 16th, 11
I want to open a consultancy which provides placement services as well as content writing services. However my situation is bit different. One of my relative already owes a company(sole propriertorship). Now I am planning to start my firm as a wing of this company. Or in other words we can say that this already established company SSC will introduce a looKonfident(the name i am planning for my firm) as a diverse service.
So, I want to know if I again need to register looKonfident differently?
I am actually in need of your valuable suggestions. If by chance my query is not clear please mail me at psarmah84@gmail.com
sanjay saini
- Nov 20th, 11
Hi Dear sir
I have lot of interested in opening a placement agency.
ajmer rajasthan
PRAKASH
- Nov 24th, 11
hello
greetings for everybody who are already bonafied from this blog I am one of you who got lot of information honestly. I’m from kuwait and I have demand for skilled and unskilled workers for various companies. If you have candidates for overseas in your database/ or if you are interested. BUT IMPORTANT THING, ALWAYS BE HONEST WITH YOURSELF,NEVER KILL POOR PEOPLE,
GOD BLESS ALL
THANKS 10……….TIMES FOR GJJOBPOINT FAMILY.
MY ID-jobingulf@yahoo.com
m-00965-55475164
Rebecca
- Dec 28th, 11
Hi Prakash,
I have few candiates who are looking out for dubai and other middle east.. do you have requirement. please send me the details
Regards
Rebecca
Ranvijay
- Nov 25th, 11
Hi Entrepreneurs!
The points mentioned on this blog post is really what a recruitment agencies need before its operation. So far legal aspects are concerned, I must tell you that you should consult a legal consultant in terms of registration of your business i.e. proprietorship, partnership, Private limited or Limited.
You may also contact one of the fastest growing total business solutions company”Sicobe” for free consultation and registration/incorporation service.
Sicobe 24X7 Customer Helpline Number – 91- 9910277440.
Jyoti
- Nov 28th, 11
How to get data base?Actually I am starting from scratch and hence request to guide me
Sachin
- Dec 1st, 11
How can costing part be handled. Costing/candidate based on positions OR a contract with company for certain period? what is the base or criteria.
Kindly provide the info.
gautam
- Dec 4th, 11
How to start a HR Consultancy company?
(In Delhi)
Name (required)Amit Kumar
- Dec 13th, 11
What say you?
Hi,
The details provided are good enough to open the consultancy firm, however, what should be strategy and the procedure to get the prospective client (Company’s HR Dept Personnel) , how to co-ordinate with the clients to sell our services.
Appreciate if some one could provide the above details.
Thanks and regards,
Amit
9313217641
picurr
- Dec 18th, 11
what are the legal proceedings i need step by step setup information completely
manoj
- Dec 21st, 11
how to start a IT CO ,website and software devlopent. How to get easy sole proprietorship.
Rebecca
- Dec 28th, 11
i am starting IT recuitment Agency in india.. i am looking for some good openings in kuwait, dubai or middle east.. if there is any requirement plz tell me.. i am rightnow recruiting for oracle financials
Thanks
Rebecca
Anand Sharma
- Dec 29th, 11
I am working in MNC and have a good link in the companies I want to start placement Consultancy
Please tell anybody how to offer our service to the companies
poonam
- Dec 30th, 11
I want to start the placement co. but i don’t have any experience. my question is how it work flow, how it start, how to contact with job seekers & company??
plz help me .. and sent mail..
poonam
emailid – spoonam258@gmail.com
Rachana
- Dec 31st, 11
Hello, I am interested in opening a Placement agency. Kindly help me out , how I can get started
S.K.Singh
- Jan 6th, 12
Hi Sir/Madam,
i want to know some more things regarding the procedure to register a consultancy.what all documents are required etc.,any other legal procedures required.
Thanks,
S.K.Singh
Jharkhand
Mr.Varma
- Jan 11th, 12
I WELCOME ALL NEW ASPIRANTS!!!!
WHO EVER WISH START A PLACEMENT CONSULTANCY BUSINESS MAY CONTACT ME AS I HAVE AROUND 9 YEARS OF EXPERIENCE IN THE SIMILAR BUSINESS
Likhith
- Jan 24th, 12
Good Afternoon Sir,
My name is Likhith from Bangalore. I have a placement but i am struggling to get clients. My aim is go grow in this field and provide job atleast for 10 people. Could you please guide me.
How do i get clients?
What are the strategies i need to use to convince the client over the call or face-to-face? plz help me
lv bags outlet
- Jan 18th, 12
That is certainly some inspirational stuff. Never knew that opinions may just be this varied. Appreciate your most of the enthusiasm to give such helpful tips here.
abhishek rai
- Jan 20th, 12
any of the consultancy can send me tieup formate with company i will be grateful to you
baskaran
- Jan 25th, 12
pl. let me know how to start a overseas placements consutancy
darshan
- Jan 27th, 12
hi my name is darshan. i did my mba from london. i have a good hr knowledge. nowadays i am working in hr consultancy firm. i don’t have a more money to do business. can any people suggest me how to start business with small budget.
darshan
- Jan 27th, 12
i would like to open recruitment firm anybody can tell me please that. how can i make contact with different types of company that they will give me a job to find a people for that particular company.
siddhu
- Aug 14th, 10
you know varity of plan is there to accessing database silver,gold and primiaum that you first understand then you start hr consultancy you are thinking only price not quality first should think level of business staring along with all skills to adopt the business to start money is only quality that already i explained
Madhav
- Aug 15th, 10
Well your offer good.Kindly call me or mail me to discuss on this.
Madhav
9985775267
Madhav
madhav.valluris@gmail.com
Sandeep
- Aug 14th, 10
First speak proper English.
Neither you nor people reading this comment will be able to understand what you are trying to say!
DO YOU KNOW ANYTHING ABOUT NAUKRI DATABASE?
Don’t Bluff something …. there are no Silver, Bronze, Gold, Platinum etc; etc; this is NOT COMMON WEALTH GAMES …
We buy database directly from Naukri and that is going to be Resdex, All India Access ..
DON’T ARGUE JUST FOR THE SAKE OF ARGUMENT … this blog is NOT for you and me to Fight … it is a very useful blog and a connecting point for people who want to know about HR Consulting and for those who are already established in this field.
Name (Fahim)
- Mar 30th, 11
Sandeep,
How can I contact you directly? or please contact me at fahamintel@gmail.com or call 1-203-273-3351 (USA)
Rao
- Nov 8th, 11
Hello Sandeep!!!
Please see my comment and reply.
Hi Sandeep!!!
Please let me know the strategy of Recruitment business.
BPO and Voulume Hiring in all the domains/verticals are good?
Or
working only on Senior Profiles are good?
Also please tell me how do I source for focussed and hardcore recruiter?
Please reply.
PRAKASH
- Nov 29th, 11
Hi Rao
plz be in contact. send me all details what is available with you. we will discuss over it and exchange our ideas.
prakash,