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 
abhishek rai
- Jan 20th, 12
any of the consultancy can send me tieup formate with company i will be grateful to you
jenish gandhi
- Jan 21st, 12
i want to open placement consultancy in surat. and right now i havnt any partner that i want becz i want to start in partnership. i hope anybody say me legal procedure to start. i confused how to start. nd compnay name, domain also in my mind. but after that how to deal with company etc.
Rachna Mishra
- Aug 26th, 12
hello my name Rachna Mishra. i did my mba from IIMM ( Material Management). i don’t have a more money. can u suggest me how to start business with small budget.
ruchi
- Oct 20th, 12
hello, saw your msg on website ..im also running placement service ..i have also partner in other ,city if u also want any queiry than contact me .
Murthy
- Dec 30th, 12
Looking for partenership from hyderabad
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.
Jasjeet
- Feb 1st, 12
Hi,
I want to start my own Recruitment Agency in next 1 year. I have expertise in IT Recruitments. Have more than 7+ years of IT experience. But opening a new agency have some risks involved. I have limited capital to invest. But my next step is to open it in any cost.
My question is- i don’t want to leave my job right now. i will resign once i get hold into by business.
Please clear my doubts so that i can make best of it.
Thanks
Jasjeet
Vivek
- Jul 22nd, 12
NO GAIN WITHOUT PAIN!
Take the risk and make gold bricks..
Can’t get Success in business without leaving job.
Vivek
- Jul 22nd, 12
You can never be success with this thought. As you cant take risk. you should not think abt business.
Jasjeet
- Feb 13th, 12
What say you?I have a private limited company , What i want to know is that is there any kind of license or approval required from any government authority to work as a recruitment agency in India to recruit person for job or work in Canada.
The Recruiter
- Feb 16th, 12
Some have asked about the usual charges of a recruiter, So here it is.
Professional Fees are based on Annual CTC:
Junior Mgmt – 8.33% of Annual CTC
Middle and Senior Manager – 10% and 12% of Annual CTC respectively
Dev
- Apr 3rd, 12
How to get tie up with companies? how to get clients? I am not able to find a way to get clients..pls help me on this.
Priya
- Jun 2nd, 12
Hi, i want to start consultancy.
What should be the portfolio of a consultancy to approch the new client.
2)what is the commission of client.
3)how to search client for new business.
4) Required documents for Domain registration And for client
5) Any other login regestration apart fromnaukri
and procdure
.
Can you suggest experiance consultancy.
Thanks.
Neil
- Feb 22nd, 12
Hi, Thanks for all valuable information posted here. I am currently working in IT sector and would like to start own consulting firm. I am relatively new in consulting business. Please provide some tips on…
1. How to approach clients in effective way
2. What should be the best portfolio of a consultancy to approach client and get business
3. What sould be the ideal comission to be asked from clients (Monthly Sal or CTC or anything else related)
Any other recommendations / suggestions / tips would greatly appreciated. Thanks in Advance.
Regards,
Neil.
payal priyadershni
- Feb 29th, 12
hello sir/mam….
I had completed my pgdm (hr) in 2010.but i am leaving in ITARSI(M.P).want to start hr consultancy at home.I dont have any job experience.how i ll start my own consultancy?please help me.if i want to take consultancy franchises than what i have to do for that?
olwin dsilva
- Mar 10th, 12
hi, i am olwin from mumbai,i want to open new international recruitment conpany,so please let me how can i get license to open agency,
Kushal
- Mar 13th, 12
hi!
I have heard that there is some contract signed between the consultant and the employer.
What exactly is there in such a contract?(in brief)
Is there any sample template for the same?
Govardhan
- Mar 20th, 12
How about PF account?
How about ESI account?
How about Gratuity account?
Procedures?
Invoice for clients?
Please clarify!
Thanks.
Radha
- Mar 20th, 12
I am interested in recruitment company.
Rajesh
- Mar 27th, 12
Thanks for the information…..
tushar
- Mar 28th, 12
how to find clients, is there any ways to generate leads or any website whih can help
Dev
- Apr 3rd, 12
how to get clients? I am not able to find a way to get clients..pls help me on this
Name (required)
- Apr 5th, 12
whether i can start staffing company without registering individual
kasif
- Apr 25th, 12
how can i start my consultancy for placements.
documents required for both clients and candidates
can anybody explain……
Jagadeesh
- May 9th, 12
Dear all . can any one tell How to register job consultancy. based on which legal provisions i need to follow the steps. Is there need to show clients for registration?
hariender
- May 9th, 12
i opened a new placement counseltency in distt-mandi himachal pardesh my firm is registred one week ago i want knowlege about grow my business
vikas
- May 9th, 12
What say you?gr8 information
manish tyagi
- May 17th, 12
i want to open placement consultancy in surat. and right now i havnt any partner that i want becz i want to start in partnership. i hope anybody say me legal procedure to start. i confused how to start. nd compnay name, domain also in my mind. but after that how to deal with company etc.
SONAM
- May 29th, 12
Is there any kind of license or approval required from any government authority to work as a placement agency in Delhi.
DEVESH SHUKLA
- Jun 1st, 12
isthere an leal procedure t register h name of company?if yes the which department an what is the procedure of registrationand wht is expenditure?
Anusha.G.Raju
- Jun 4th, 12
I and my frens are thinking to start a job consultancy bt we jus have 1 problem….how can v get the contacts of the companies so that v can place the candidates….plz help us in this matter….
Ahsan
- Jun 6th, 12
hi, i am ahsan from mumbai,i want to open new international recruitment conpany,so please let me how can i get license to open agency, and what is the minimum expenses for open a agency and also How to get tie up with companies? how to get clients? I am not able to find a way to get clients..pls help me on this.
Ahsan
- Jun 8th, 12
what is this…still no any reply…
please advise me anyone….
i will be thankfull to you.
dinesh
- Jun 12th, 12
i m dinesh & want to start recuirtment agency for that guide me,
Name Renu Marwah)
- Jul 23rd, 12
How to start a recuirtment agency.How much investment is there to start it.?
CONSULTANCY
- Jun 19th, 12
I AM B.COM 15 YEAR GOOD EXPERIENCE OF ACCOUNTS I WANT TO DO CONSULTANTY BUSINESS ETC. AT HOME/OFFICE PLEASE PROVIDE ME DETAIL OF WHAT TYPE OF BUSINESS IS SUTABLE I HAVE EXP. & KNOWLEDGE OF TAXATION/SALES, INCOME, SERVIVE TAX, ETC.
Rafi
- Jul 18th, 12
pl. let me know how to start a overseas placements consutancy
Rafi
- Jul 18th, 12
What say you?I have a private limited company , What i want to know is that is there any kind of license or approval required from any government authority to work as a recruitment agency in India to recruit person for job or work in abroad.
Anitha
- Jul 21st, 12
Hi,i’m working in one private company.iwant to start HR consultancy. can you tell me what all are the legal procedure is there????
arvind
- Aug 18th, 12
What say you? same i want to know wr i make clients
ankit jaiswal
- Jul 30th, 12
hi ,,sir plz tell me how to search for a client
Manikandan
- Aug 13th, 12
Hi, i have a plan to start a staffing firm by my own, for that i mentally and financially prepared but i want to know what all risk are there in consultancy. Please anyone help.
harish rajput
- Aug 17th, 12
i want to open new placement agency so plz tell name of new placement agency
MOHAMMAD REJA IMAm
- Aug 25th, 12
HI sir iam Mohammad reja Imam I am working as Public relation officer in LABOR SUPPLY COMPANY in dubai UAE i want to start my own company overseas manpower supply in bihar , how to register company from MINISTRY OF LABOR INDIAN goverment ? how much will coast for this type of copmany can you let me please
Manmohan Singh Rawat
- Jan 9th, 13
Hi Mohammad,
I can help you. My Muasi work for Labor Dept.
Regards
Manmohan Singh Rawat
7838594900
Ganesh
- Aug 26th, 12
Hi. I want to know how to get clients? or how can i contact with clients? please reply me for the same.
ravi
- Aug 27th, 12
how to start searching for clientsay you?
plz help me
Arlen Pecorelli
- Sep 4th, 12
I do accept as true with all the concepts you’ve introduced for your post. They are really convincing and can definitely work. Still, the posts are too brief for starters. May you please prolong them a little from next time? Thanks for the post.
Aravind
- Sep 26th, 12
HI
i want to start hr consultancy at home.I dont have any job experience.how i ll start my own consultancy? please help me.if i want to take consultancy franchises than what i have to do for that pls suggest me the franchises consultancy names in bangalore ?
sanjeev singh
- Oct 8th, 12
Hi, i want to start consultancy.
What should be the portfolio of a consultancy to approch the new client.
2)what is the commission of client.
3)how to search client for new business.
4) Required documents for Domain registration And for client
5) Any other login regestration apart from naukri
and procdure
.
Debashish Roy
- Oct 11th, 12
Being into market for @ 10 years I have huge list of contacts as a client but just need to pitch now however the amount of info provided is fab just waiting for a amount to be collected as i want to start a Placement Agency in Pune. Thanks for the Info
lakshmi
- Oct 19th, 12
i had done my MBA in hr.i am planning to open a hr recruiting consultancy.i need detailed information, idea ,investment details and how to grab an clients and candidate.sir/madam i need to known its a profit to whom they start consultancy.sir/madam please help me and provide me detailed information regarding to open an consultancy.
mahesh
- Oct 20th, 12
iam recently open my new consultance plz give some guidence to me
mahi
- Oct 29th, 12
hi
I want to start placement consultancy in 2 months but i don’t know, how can i start legally kindly suggest me that how can i get the licence with documents from state and central govt.
thanks®ards
mahi
kishore
- Nov 13th, 12
how to get interacted with clients
Kavita
- Nov 15th, 12
Very informative. thanks
Dp
- Nov 20th, 12
Hi…
this are really good Information .
But I don’t have that much money, so naukri or monster login … is very much costly …
is there any other option to collect candidate…CV.???
ranjit padhiyar
- Jan 13th, 13
I WANT TO START HR CONSULTANCY.
I KNOW HOW TO START BUT I DONT HAVE ANY CONTECT WITH COMPANIES AND I DONT KNOW WHAT COMMISSION GIVE COMPANY TO ME.
SO PLEASE ANYONE TELL ME HOW MUCH COMMISION GIVES COMPANY TO HR CONSULTANT..
Tapassya Giri
- Jan 22nd, 13
I am a fresher pursuing Maters in HR…I want to start a placement agency. Is it possible for me to start a business on my own without any experience??? Awaiting for the rply….