Capital Market Intermediary

How a capital market intermediary for professional clearing, depository & custodial services used Search Quest’s services to increase the productivity of resources & the recruitment of critical resources

Client Overview

IL&FS is a capital market intermediary for professional clearing, depository and custodial services.

ISSL is a subsidiary of IL&FS and is headquartered in Mumbai, Maharashtra. ISSL has raised a total of $50M in funding.

Client Requirement

ISSL wanted alignment of resources to the company’s vision:

  1. To increase the productivity of resources by planning the right person for the right job
  2. Recruitment of critical resources

Challenges

To meet 400+ employees across India to understand their role, then write job description against each role and proposing a structure which is most efficient and cost-effective was a challenging task.

Our Solution

With a dedicated team of 5 resources and with onsite/offshore arrangement in 5 visits, in-person interviews for Mumbai and telephonic with other than Mumbai locations were planned, in addition, a dedicated resource was deputed at ISSL office.

Business Outcomes

  • Writing of 50 JD families was achieved in 60 days
  • Critical resourcing hiring was done in 90 days
  • Inputs on how to align resources to the vision and productivity enhancements were submitted in 90 days