April 3, 2025: Bangalore, India — Xpheno, a leading specialist staffing company in India, has appointed Francis Padamadan as its new Chief Executive Officer (CEO)-Designate. This strategic move comes as the company positions itself for an Initial Public Offering (IPO) and targets an ambitious revenue milestone of INR 500 crore over the next few years.
Padamadan’s appointment signals a focused leadership strategy as the staffing company prepares to scale operations, particularly in supporting the establishment of 200 Greenfield Global Capability Centres (GCCs) in India. The company is targeting significant growth in the specialist staffing sector, particularly within tech-heavy industries.
Leadership Change to Drive Strategic Expansion
Francis Padamadan brings over two decades of experience in global staffing, having held prominent leadership roles at major firms like Kelly Services and TritonExec. His expertise in executive search, recruitment process outsourcing (RPO), and international staffing operations makes him a key figure in Xpheno’s plans for rapid expansion.
“Xpheno is at a critical juncture in its growth trajectory,” said Kamal Karanth, Co-founder of Xpheno. “Francis’s deep expertise in scaling operations, coupled with his experience in executive search and recruitment outsourcing, will accelerate our plans to lead the specialist staffing market for GCCs.”
Xpheno’s Vision: 200 GCCs
Xpheno’s growth plan includes partnering with 200 Greenfield GCCs in India, focusing on rapidly scaling talent recruitment processes for high-demand sectors like banking, automotive, and technology. With India becoming a key hub for global talent acquisition, Xpheno’s approach has proven effective in establishing GCCs at speed and with specialized expertise.
Anil Ethanur, Co-founder of Xpheno, highlighted the company’s track record in supporting over 40 Greenfield GCCs in India, noting that this model will be central to Xpheno’s expansion. “We are confident that our leadership structure, coupled with our targeted goals of 500 crore revenue and 200 GCCs, will set the stage for a successful IPO,” he said.
A Changing Staffing Landscape
India’s growing specialist staffing sector, valued at $6 billion, is seeing increasing demand for niche talent. As more than 40 new GCCs are expected to enter the Indian market annually, Xpheno’s focus on tech talent and RPO services is positioning the company to dominate this expanding space.
By 2025, the demand for tech professionals in Greenfield GCCs will surge as more international businesses establish operations in India. The staffing company is looking to capitalize on this demand, with a robust pipeline to expand further into international markets, including Europe and the U.S.
Xpheno’s Roadmap to IPO
The staffing company’s strong positioning in the market, backed by over 23,000 placements in specialized roles, has made the company a dominant player in the Indian staffing industry. As Xpheno prepares for its IPO, the company aims to increase its turnover to INR 500 crore while solidifying its partnerships with GCCs and expanding its RPO and executive search capabilities.
With a clear strategic roadmap and a solid leadership foundation, the staffing company is ready to expand rapidly, meet its 500 crore revenue goal, and cement its place as the go-to partner for Greenfield GCCs in India.
