Summit HR to invest $5 mn in India

California-based $375 million recruitment services company Summit HR plans to invest $5 million in India in the next 12 months. 
 
Speaking at the launch of their Bangalore delivery centre here on Thursday, Summit HR Worldwide Chairman and CEO Ranjan Sinha told reporters that they were looking to acquire more mid-size recruitment services companies in Bangalore, Pune and Chennai. 
 
Summit India recently acquired Bangalore-based staffing company Career Graph for an undisclosed sum. 
 
“So far, we have invested around $3 million over the past six months in India and we plan to put in another $5 million on acquiring more companies in the HR and recruitment space and expanding our presence in India,” Sinha said. 
 
Summit HR India, along with its strategic financial and business partner, New York-based The Superior Group has announced plans to add eight more centres in India in cities like Hyderabad, New Delhi, Chandigarh and Kolkatta. The company presently has offices in Pune, Bangalore and Chennai. 
 
The company is also in the process of developing psychometric tests specific to India, in partnership with several leading research institutes in the country. According to Sinha, “Most of the tests presently available in the market are US-centric and don’t take into account the nuances of Indian culture.”