'We're looking to buy in India'

Michael A. DiGregorio, Chief Financial Officer of executive search company Korn/Ferry International, was in India recently, one of the markets he is most bullish about. He spoke to Saumya Bhattacharya on opportunities in India. Excerpts:

What makes Korn/Ferry so upbeat about India?
In the 5-6 years preceding the crash, our business in India was growing at three to five times our consolidated growth rate. So, clearly, the growth potential in India is superior to others.

What are your plans for India in the near future?
The Asia Pacific market, including India, accounts for 40 per cent of our revenues. We are looking at investing in human capital and acquisition opportunities in India as part of our growth strategy. In June 2009, we took over Whitehead Mann, one of the UK’s bestknown headhunting companies. We are looking at similar strategic advantages in India.

How soon do you foresee a recovery in the job market?
In the last quarter, we have seen a 20-25 per cent uptick in business globally. In July, there was a surge in technology business followed by financial services.