India is well on the anvil to be a US$ 5 Trillion economy by 2024-25, from the current US$ 2.8 Trillion. An upbeat economic climate that's set to double itself every five years from this point on is a blessing across the workforce pyramid. The action at the bottom of the pyramid is of primary interest as everything else above will be built on top. The startup ecosystem currently led by EdTech, FinTech, HealthTech, ConsumerTech, Retail & RetailTech, SCM & Logistics, BFSI and Automotive is adding more industry sectors. The talent demands of this ecosystem is a universe by itself and a high churn hyperactive space. The doubling of the economy will need these enterprises to be rightly and quickly staffed. Engaging recruitment and staffing partners is key to allowing the enterprises to focus on doing their best, with staffing the team left in safe hands.
As per data from NASSCOM's Startup Report 2022, every direct employment at a startup creates five indirect employment downstream. As growth-hungry startups expand their horizons and deploy their growth capital, the bottom of the pyramid will multiply and support more livelihoods. The hands and feet on which the startup story and the US$ 5 Trillion march will be built are what we focus on. Our geographic spread and talent reach across multi-lingual pools is our forte that comes in handy for servicing all entry-level talent demands of the startup ecosystem. While Startups are a key focus sector, we are also well poised to serve new ventures and business extensions from established large enterprises and brick & mortar players.
Sourcing talent across 270 districts and 25 states in diverse skills requires recruiters with depth and seamless coordination. Our recruiters with experience in volume hiring across skillsets and geographies constantly build and nurture their talent pipeline in NBFC, FMCG, Retail & FinTech Industries. Supported by our Field Force App for last-mile workforce management, we facilitate real-time visibility of the extended workforce to clients. Sourcing, Technology, Compliance, Governance are the four pillars through which some large FMCG, E-commerce, NBFC customers trust Xpheno.
Our Sales Staffing practice takes on the crucial task of powering the feet-on-street, bottom-tier workforce. Xpheno's recruitment and staffing management engine is finely tuned to deliver Speed, Scale, and Quality at every phase of engagement. While many excel at Scale, our team's unique strength lies in delivering exceptional Speed without compromising Quality.
One of the most significant sales staffing challenges we faced to date was to staff the sales team of 250 people in 45 days across 6 locations for a financial services conglomerate.
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