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 
Rahuldevmishra
- Jul 18th, 10
Hi Rajesh,
As discused in past comments,
i sent you my id rahuldevmishra@gmail.com,
but still waiting for 3 contract sample sheet…..
i would appriciate if you can send me the same.
Regards,
Rahul Mishra
Shwetha
- Jul 19th, 10
Hi, This is shwetha, i am planning to start up a consultancy i do have couple of clients but to log in to nukari or monster its very expensive, is there any other way ????? Please mail me if you have any suggestion.
mukesh
- Jul 23rd, 10
If you have client and want to work with us on revenue sharing please write to us at contact@jobmilestone.com
Rajeev
- Jul 26th, 10
I want to work in revenue sharing model, but the money should be good. Please provide details. My e-mail is Ltrajeev@yahoo.com
Name (required) Anton
- Aug 5th, 10
Hi Swetha – Please let me know if u need any free lancers.
If interested you can mail me to praveen.joseph@airtel.blackberry.com
rohitashva
- Aug 9th, 10
hi shweta same problem with me i am in aviation line and also trying to open a consultancy if u have any idea regarding that kindly mail me
good luck
Abhilash
- Aug 10th, 10
Even I am planning to start a placement…Lets see if we can start it together…wat say??
Name (required)ali
- Jul 20th, 10
Warm hi to all?
i hav got various informations about to start a new job consultancy firm .but still i am thinking that, can i start a such firm without invest more money?and what s the risk in this work?
mukesh
- Jul 23rd, 10
Do you want to work with us on revenue sharing please write to us at contact@jobmilestone.com
Aman
- Jul 25th, 10
What say you? I’m interested too. Please contact me on the below given number.
Thanks
Aman Jain
09999002457
mohsin
- Jul 21st, 10
HI, THIS MOHSIN CAN PLZ TELL ME WHAT INVOICE, AGREEMENTS FROM CLIENT AND ALL…….
sia sharma
- Jul 23rd, 10
Hello all,
I am looking for naukri login with mass mailing facility.plz do let me know
Waiting for reply
Rajeev
- Jul 27th, 10
I am willing to share the Naukri account login cost. contact me on Ltrajeev (at) yahoo.com
mukesh
- Jul 23rd, 10
We are looking for the people who want to work with us on revenue sharing basis.
Mandar
- Jul 24th, 10
I’m Much Interested………plz. do send me the proposal on mail Id pat.mandar@gmail.com
Thanks,
MANDAR
Ajay Jha
- Jul 26th, 10
I am intrested please send business model to my email ajayrjha (at) gmail.com
Name (Kkul)
- Aug 20th, 10
Hi Mukesh,
I am willing to work on revenue sharing.Pls do send the details on kkulkarni2007@yahoo.co.in
Thnks
Shelly
- Jul 26th, 10
Hi
Pls tell me smthing more abt the contract to be sighned with the companies and other formalities.
Pls e-mail me more details
Thanks
HB Singh
- Jul 27th, 10
sangita ur article is very very knowledgeable for a beginer.
Really vey impressive.
May i know which part of india u stay in
mukesh
- Jul 28th, 10
If you want to search candidate..register at jobmilestone.com for free only limited time.
Woodfog
- Jul 28th, 10
If you are looking for new clients please mail us at info@woodfog.com
Team Woodfog
Neha
- Jul 29th, 10
This is Neha here,
I want to start off a recruitment firm.
Please let me know how to get in touch with the clients. Also send me a sample of Invoice, terms and conditions.
Kindly send me the proposal, Iam interested to work in a revenue sharing model.
Thanks,
Neha
mukesh
- Jul 31st, 10
Hi Neha,
Can you please send me your email id and contact number to discuss revenue sharing model?
regards,
mukesh
mukesh
- Jul 31st, 10
Hi Neha,
Can you please send me your email id and contact number to discuss revenue sharing model?
contact@jobmilestone.com
regards,
mukesh
Ibrahim Khan
- Jul 31st, 10
Hi Neha,
As You said this is my mail id ibrahim@nemesisconsultant.com and you can contact me at 0-9705154800
Name (required) Hardeep
- Aug 2nd, 10
i wany to open a consultancy..cn anybdy tell me hw can i start it and what is the risk factor….
Aatish Bhadresha
- Aug 4th, 10
Hi All I want to open placement agency I have some candidate and client please contact me on 9821883208
Mayur
- Aug 6th, 10
Hi, This is mayur, i started placement comany i do have couple of clients but to log in to nukari or monster its very expensive, is there any other way ????? Please mail me if you have any suggestion
Name (required) ranajan agarwal
- Aug 7th, 10
hi
i understand the whole procedure how to start a placement agency but only one thing which stop me is the cost on login in monster and naukari, sir is their any other way how i” ll find my clients with less investment or free of cost
shubham
- Aug 11th, 10
please let me know the procedure to buy naukri or monster login to supply candidates to the clients..?
rajeev Sharma
- Aug 11th, 10
Hi ,
we are running a study visa and immigration firm and now started some recruitements,started with call centres ,good response is there as we have lot of data collected by us,But we want to know the actual action plan to run it more efficiently for which we can work with other companies too,
If anybody interested to work with us please send us the business model on spring_ways@yahoo.com
thanks and regrads
Rajeev Sharma
Ashish
- Aug 12th, 10
Dear Friends,
I have an extra naukri login,if any one is in need then do contact me on sembot@gmail.com,we can provide you the login from 4.P.M to 11.00 A.M
Regards
siddhu
- Aug 14th, 10
You are looking people for sharing of naukri database is fraud and you don’t do like that suppose your login from 4.P.M to 11.00 A.M providing who will take for office OFF time there is not a good practice. First you shuld buld your own brand in the market belive the coustomers
get the returns don’t feel bad this is my advise if you want more details plz call 9221078184
Thanks siddhu
Woodfog
- Aug 13th, 10
If you want new contracts with new IT and non-IT companies then drop us a mail at info@woodfog.com we will help you get new recruitment clients .
Thanks
Team Woodfog
Name (Kkul)
- Aug 20th, 10
seems intresting.
would like to know in detail.
Rajeshkumar
- Aug 14th, 10
Dear G.S.Job point visitors and Author Sangita,
Wishing you all a Very Happy Independence Day!
Jai Hind
Regards,
Rajeshkumar
siddhu
- Aug 14th, 10
Hello i am web developer specially i am developing job site your own HR recruting name only 5000/-
Sandeep
- Aug 14th, 10
What are you saying?
Rs.5000 for a HR Consulting Website?
That’s too much for a start-up consulting firm who are concious about the initial investment.
Well, I am a professional Web developer too with 6+ Years experience and I can do this Job for Rs.2500 WITHOUT taking any advance as well.
I can offer .in domain, 10 GB Disk space, 100 GB Bandwidth, 25 EMAIL id’s; 25 Subdomains etc;
siddhu
- Aug 14th, 10
Hello i am developing website from Rs.1500/- Rs.15000-+ if you have such kind of 2500 tell me the developed site right now you are bignner who having brand rate is also high like how low price low quality high price high quality tell me what you want to say
Name (required) Anton
- Aug 14th, 10
Can u gimme ur no
Nitin
- Aug 19th, 10
Hi Sandeep,
I am running a small manpower and contract labour services Agency & want to develop website can u help Me in this????
Regards,
Nitin Kasare
9987557788
siddhu
- Aug 14th, 10
Anybody intersted to buy the jobsite please contact 9221078184
Rajneesh Sharma
- Aug 14th, 10
I am at stage of opening a placement cosultancy firm in Delhi ncr after thorugh study shortly in Sep-2010 ,anybody for partnership / franchise intrested. I was Early in Maruti Suzuki Company and will be specialist in Automobile sector Manpower arrangement. 9911365599 oppertunity is waiting for you.
rajeev Sharma
- Aug 14th, 10
HI RAJNEESH,
WE ARE A LEADING STUDY VISA AND IMMIGRATION CONSULTANTS BASED IN CHANDIGARH,NOW WNT TO START A HR FIRM,SO WE ARE LOOKING FOR THE RIGHT PERSONS,WHO CAN GUIDE US,
WE CAN RECRUIT CANDIDATES FOR YOU..
REGARDS
RAJEEV SHARMA
spring_ways@yahoo.com
rajeev Sharma
- Aug 14th, 10
HI RAJNEESH,
WE ARE A LEADING STUDY VISA CONSULTANTS BASED IN CHANDIGARH,NOW WNT TO START A HR FIRM,SO WE ARE LOOKING FOR THE RIGHT PERSONS,WHO CAN GUIDE US,
WE CAN RECRUIT CANDIDATES FOR YOU..
REGARDS
RAJEEV SHARMA
spring_ways@yahoo.com
Rajneesh Sharma
- Aug 14th, 10
my mail id is rajneesh224@gmail.com and 991136559 contact no. we will operate from Faridabad Initialy through internet
Raakesh Rajoli
- Aug 14th, 10
Hi All,
Iam interested in working on revenue sharing model. Plz send me the proposal on raakeshprajoli@gmail.com
Presently we are working in Finance and Engineering field.
We are based in NaviMumabai.
Nitya
- Aug 16th, 10
Can you also share with me the revenue sharing model..I need to have an understanding about how it works.
Post that will be able to decide.
E-mail – nitya26882@yahoo.com
AMIT
- Aug 26th, 10
I Am in BPO industry for last 7 years, have clients too , would like to follow revenue sharing model revenue sharing model. Anybody interested, please send the detailed revenue sharing model on amitchowdhary1981@yahoo.com
Kalpesh
- Aug 28th, 10
Dear GSJobpoint Team,
Thankful to you for providing very useful information.
Regards,
Kalpesh
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.