EMA Partners India Ltd has acquired Taggd, India’s largest homegrown Recruitment Process Outsourcing (RPO) company, in an all-cash deal valuing Taggd at ₹113 crore. The transaction, announced on Wednesday, combines executive search with enterprise-scale RPO under one platform.
The deal brings together EMA’s C-suite and board-level search capabilities with Taggd’s AI-powered RPO operations, which facilitate over 55,000 permanent hires annually across more than 100 enterprises in 14-plus industries. Taggd claims a talent network of over 1.7 million active candidates and has enabled more than 700,000 permanent hires since inception.
Taggd will continue to operate as a separate brand within EMA’s portfolio, retaining its leadership team, client relationships, and operational structure. Co-founders Pankaj Bansal and Devashish Sharma will remain involved, with Sharma continuing as CEO.
K. Sudarshan, Chairman and Managing Director of EMA Partners India, said the acquisition would broaden client services and allow further investment in recruitment technology and AI tools. Taggd’s leadership framed the deal as advancing their stated goal of enabling one million jobs by 2030 through agentic AI-powered hiring solutions.
Multiples Private Equity, which backed Taggd prior to the acquisition, said the company had built a strong track record as an RPO partner to major Indian enterprises. Manish Gaur, Managing Director at Multiples, expressed confidence in the business continuing to scale under EMA’s umbrella.
EMA Partners India Ltd is listed on NSE’s SME Emerge platform under the ticker EMA, with a total market capitalisation of approximately ₹200.67 crore as of Wednesday. The stock closed the session at ₹89.10, up over 12 per cent on the day, against a 52-week high of ₹112.
The combined entity positions itself as an integrated talent solutions provider spanning executive search, professional hiring, and large-scale RPO, targeting both domestic and global enterprise clients.