CIEL group plans IPO

Chennai: The initial public offering (IPO) of human resources solutions provider CIEL Group is expected in the first half of 2024. The city-based company has ‘rigorously’ invested in optimizing the HR processes with digital intervention, said CIEL Group Executive Chairperson and Director K Pandiarajan on Tuesday.

“CIEL’s digital forays in the past year have majorly contributed to the growth of CIEL Group in the H1. I am confident that we are not far from our IPO plans, being the only player to provide a full spectrum of HR services and having a strong geographic presence with 77 offices in 47 locations in India,” he said.