| Business Basics |
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| Company Name |
plugHR |
| Founded in |
2005 |
| Headquartered in |
Mumbai |
| Company website/URL |
www.plugHR.com |
| Industry |
HR/ Recruiting /
Training |
| Stage of the company |
Several customers or locations |
| Source of idea |
Systematic search for business opportunity |
| Awards & honors |
Economic Times reported plugHR as the "Big Out of The Box Idea" in its "hiFlyer" section in December 2007
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| Partnerships & Tie-ups |
We partner Thomas International for providing assessment solutions to our portfolio companies
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| Business description |
plugHR sets up & runs HR departments for organizations. By a simple sign up, the client gets a full fledged HR department running within 15 days from sign up. The client also gets HR delivery tools in the subscription making it a truly plug-n-play model. The business is addressing a highly recognized painful problem faced by organizations all around, nam...> Read more.. |
plugHR sets up & runs HR departments for organizations. By a simple sign up, the client gets a full fledged HR department running within 15 days from sign up. The client also gets HR delivery tools in the subscription making it a truly plug-n-play model. The business is addressing a highly recognized painful problem faced by organizations all around, namely, putting together a knowledgeable, stable and interruption-proof people management platform that is human enough. The plugHR model beats other alternatives hands down.
Other options like setting up an internal team is too time consuming, non-core & expensive. Using retired HR professionals as freelance advisors is more gyan than execution and is not dependable. Pure software platforms still require a user.
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| How does the business make money? |
| Subscription revenue
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| Team information |
| Ashwini Bhaskar (Co-founder & Director)
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| Competition |
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| Competitors |
Corporate HR departments
Freelance Consultants
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| How different is your product or service? It has... |
No substitutes available |
| In what way is your product or service different? |
Relibaility, Perpetuity, Standardization
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
0-5 |
6-15 |
| No. of locations |
0-1 |
2-5 |
| No. of customers |
0-1 |
6-15 |
| Turnover |
pre revenue |
11-50 lacs |
| Profits |
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6 to 15 lacs |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Family & friends |
| Raised institutional capital? |
No |
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| Why is this startup hot? |
It's the opportunity, the simplicity of the plugHR proposition and the turbo-charged plugHR team that makes it the hottest one. The most critical first year of business was traversed in true entrepreneurial spirit with no office, 5 days working, two vacation camps, volunteering at industry events and an up & close chat with Mr. Narayan Murthy. Its not fo...> Read more.. |
It's the opportunity, the simplicity of the plugHR proposition and the turbo-charged plugHR team that makes it the hottest one. The most critical first year of business was traversed in true entrepreneurial spirit with no office, 5 days working, two vacation camps, volunteering at industry events and an up & close chat with Mr. Narayan Murthy. Its not for every company that people take 30% salary cuts to join in.
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| What keeps the team awake at night? |
| New Ideas around People Management, the urge to scale fast is on our minds though everyone here loves a good night's sleep
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