In a major step of consolidation in the Indian executive search business, two of the biggest players in the sectors are slated to join forces when the business of erstwhile Stanton Chase India merges with Accord Group India.
The combined entity will be renamed Accord India. BP (Bish) Agrawal, the erstwhile chairman of Stanton Chase India and a pioneer in the country’s head hunting business, will be the chairman of the new entity. Agrawal is the founder of the ABC Consultants group, one of India’s largest executive search firms founded in 1969.
“Combining two powerful firms allows us to significantly widen, deepen and further leverage senior candidate access and engagement in India and across the globe,” says Sonal Agrawal, managing partner, Accord India. “The merger has allowed us to invest more in specialised verticals and services and significantly enhanced our research capability in industry sub-slices.”
The services offered by Stanton Chase and Accord are expected to be complementary to each other as the former was more active in the industrial segment whereas Accord has expertise in the consumer and services space.
Sonal Agrawal and her sister Toral Patel will continue to be managing partners of the combined entity.
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