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 
Brijesh kumar
- Jul 22nd, 11
I am post graduate (MBA) & I want to open HR RECRUITMENT CONSULTANCY.
Please tell me terms & condition about it.
Thank you Sir/Mam.
My contact number….8802376276.
AMIT
- Aug 16th, 11
hi this is amit, ihave already running my placement consultancy, in bhopal, I HAVE lots of clints but there is local, ihave large no. no. of datas for BE, DIPLOMA,MBA, BPO CANDIDATES,GRADUTES EXPERIENCE,OLSO FRESHER.could you help me how to get best client for below catogaries when i mentioned .and how to get best opportunity for my large no. of datas.please contact us and e-mail me for your suggestion 9074157709.
Super Taxation Consultancy
- Aug 24th, 11
I am consultant of service tax..You can contact me for issuance of service tax in Delhi and NCR.
My name is Gulrez Faizan.
My cell No-9953750074 9015565382
Karthick
- Aug 27th, 11
Does opening are given to new consultants.
How do we get Clients?
Because where ever we go we are asked for a previous experience in the field.
ankit
- Sep 7th, 11
hello sir thanks for such valuable information . can you please help me with one more question . my quest is is it “LEGALLY” necessary to buy monster or naukari login to start a HR consultancy .
thanks and regards in advance for ur precious time and info.
Praveen kumar
- Sep 8th, 11
Hi every bdy’
m also lukin 4 hr consultancy m MBA In HR bt now m badly physically handicaped.. And nt able to walk out.. Is this possible to start 4m home..? What r the basic and cheepest essentials to make a start!!
Plz reply soon
Parul Gupta
- Sep 9th, 11
how do i approach clients?
Omprakash
- Oct 14th, 11
Hi,
have u setup u consultancy?
if so please guide me?
or u having any other contact then let me inform?
Thanks
Johnson Joseph
- Sep 13th, 11
Dear sir,
Can you suggest me the precautions i should take before leasing or renting out a premises for a Recruitment agency
khairun
- Sep 14th, 11
Percentage depends on us what we decide but I say that go for 8.33 % I.e one salary
Balram Rathor
- Sep 16th, 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
PARUL BARAD
- Sep 16th, 11
Hi
I want to start my own business of HR consultancy.. Please give me some tips of start this business.. I m from Ahmedabad.
Thanks
Parul Barad
S.Pazhanikumar
- Sep 23rd, 11
Hi ,
I want to start a consultancy how can i get the client more easily mail me in detail .
Yogesh
- Sep 25th, 11
Please share some light on making or creating clients (How to approach companies where candidates will b e placed). I believe this is the most important point in this business, so please help me understanding
ASHISH GUPTA
- Sep 25th, 11
I have been working in IT industry since last 6 years, and now I want to start my own placement company.. I have been through this blog and got valuable information… I want to discuss with those who already have experience in this field,
1. what are the chalnges involved
2. what could be the possible turnover
3 what minimum qualification required
k.sandhyasarath
- Sep 25th, 11
i want to know about how much want to invest for HR consultancy at starting period
Hemant
- Sep 30th, 11
Hi Sandeep,
I have a few queries/ clarifications required. These are:-
1) Is ‘Service Tax’ registration necessary at the outset. As I understood from the post on top it is not. One can start off by opening a current a/c with one of the nationalized banks, preferably IDBI.
2) Do we need to maintain a certain minimum balance in the current a/c?
3) How much does the client company typically pay a consultant in IT industry presently. Is the % or proportion payable uniform across all skill sets, including BPO/KPO..
4) In case you are aware, please share Timesjobs/ Shine/ Indeed/Jobrapido DB costs too?
Thanks for your time!!
Regards,
Hemant
Asheesh
- Oct 5th, 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 to get Clients.
3. How can we make a approach to a Companies for providing him a manpower?
4. What are the contents in agreement between placement consultancy and Company?
Please reply meWhat say you?
Ankit S.
- Oct 7th, 11
hello!!
i went through your article and found it very informative. i’m planing to start a hr consultancy in mumbai. i just wanted to know the challenges faced by an hr consultant, and how important is the office for a consultant. do u need to have a lavish infrastructure to impress your clients or what??
please help.
Ankit S.
(Entrepreneur In The Making.)
Sandeep
- Oct 8th, 11
I want to start my own Job consultancy firm. Plz suggest me a good name for the firm. I want to start it with my relative. Whats the basic requirements for partnership deed ?? Plz tell me the other formalities for the same.
Regards,
Sandeep.
shiva Srivastava
- Oct 16th, 11
I am a new guy and i dont have any exprince this sector and I have lot of interested in opening a placement agency in Delhi : 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 sugest me
Thank you
Munawar Ali
- Oct 16th, 11
I am just about to start my own job consultant business in Jaipur as i have work in job consultant from last long time, i am starting my business in partner ship. So please tell me what are the things i have to make confirm from legal point of view in partnership firm, as i don’t want any issue with my partner in future regarding legal and financial problems could be happen.
Please reply soon
PRAVEEN KUMAR
- Oct 18th, 11
Queries, questions, licence, clients, …………
What is placement consultancy? How do we meet and get accepted by clients? whom do we meet in the company? how do we get our bill paid? who does pay us?
any registration required?
v.swathi
- Oct 20th, 11
Hi
Iam Swathi. Completed MBA HR and iam always interested in working as a entrepreneur. i ve gone thru this blog it is very encouraging and inspiring.
I want to start a consultancy thru online . Is it possible. and how can i get the clients.
SHRINIVASA.M
- Dec 23rd, 11
hello give me your mail id
sudhir
- Feb 29th, 12
You have to make good link over big or medium level job placement consultancy.
right candidate selection capability.good
negotiation power with HR.
if you have any different idea pl share.
Zakh
- Nov 6th, 11
Really Thankx .you have explained evrthing in detail..but now i have a dout hw can i find clients.i mean how to aaproach them?? any rules and regulations involved .?? for sole proprietor
Kindly reply
my dout is hw to approach to clients
Rao
- Nov 8th, 11
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.
Mehaboob
- Nov 8th, 11
I and my friend want to start a placement agency, but we do not what to do. Please guide us in the following matters:
How to get database of candidates?
How to get clients?
What commission to charge and from whom.
Please reply me on meha76@hotmail.com
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
Bielizna
- Dec 20th, 11
Good day! I know this is kinda off topic but I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My blog addresses a lot of the same topics as yours and I believe we could greatly benefit from each other. If you’re interested feel free to shoot me an email. I look forward to hearing from you! Great blog by the way!
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
sham
- Jan 30th, 12
I want to start a consultancy business for BPO’s. I want to know, how do I get the clients for give manpower to them. What would be the terms and conditions for the contract? Hope you will help me. thank you
Ripudaman
- Feb 1st, 12
Hi Mr Verma,
I want to start a placement company. I worked in a BPO company for 5 years. Now want to start my own placement..if anyone want to be a partner i am interested in that too..
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.