Cholamandalam Investment and Finance Company, the financial arm of the diversified conglomerate Murugappa Group, said Tuesday that it has partnered with human resource (HR) solutions and technology company PeopleStrong.
Under the tie-up, PeopleStrong would provide a unified experience to Cholamandalam Investment and Finance ‘from recruitment to retirement to all its employees, recruiters, candidates and business users,’ a press release said here.
PeopleStrong currently serves over 200 enterprises and six lakh users, the release said.
The agreement would also provide access to single-window of right decision-making to Cholamandalam Investment and Finance. With the mobile application and Jinie chatbot, employees would experience the next level of connect and collaboration, it said.
Commenting on the partnership, executive director of Cholamandalam Investment Arun Alagappan said, “I am pleased that as an organisation we have taken a decision to move our people data to cloud.”
“It is a mammoth task and we needed a partner who has proven experience of managing transformation of such a scale. After a detailed evaluation process, we selected PeopleStrong as a partner for this journey of transformation”, he said.
Head (human resources) of Cholamandalam Investment and Finance Chandrasekar R said, “We have a large composition of young workforce at Chola and to manage this segment more efficiently, we realised that we needed a digital upgrade.”
“PeopleStrong with its scalable, mobile and AI (artificial intelligence)-powered technology seems the best match for our needs”, he said.
Co-founder and CEO of PeopleStrong Pankaj Bansal said, “We are delighted to be digital tranformation partners of Cholamandalam and excited to have them with us on the journey of writing the new code of work.”
Cholamandalam Investment and Finance Company currently has 885 branches across the country and manages assets of over Rs 47,700 crore, the release said.
This article was published on Business Standard
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