SKS Microfinance secures 248 jobs; shares up

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oi-Sneha

By Sneha B K

Published: Monday, June 25, 2012, 13:02 [IST]

SKS Microfinance Ltd a non-banking finance company (NBFC-MFI) on Monday announced that it has secured jobs for 248 displaced employees in collaboration with corporate and consulting agencies. An additional 255 candidates have been shortlisted for various positions.

The shares of the company surged by 5.58% at Rs 69.10 on BSE at 1.00 pm IST, after reaching high of Rs 71.20.

SKS had organised job fairs in Hyderabad, Vijayawada for all displaced employees after providing them with training, reorientation programmes at SKS Microfinance.

Mr Srinivas Reddy Vudumula, Senior Executive Vice President, said that the resounding success of the job fairs is on account of the tireless efforts made by our teams in reaching out to leading corporates in this difficult market where jobs have been drying up.

The initiative is driven by SKS' unique philosophy of dovetailing social good into business goals as also fostering lifelong relationships built on the bedrock of trust, transparency and mutual benefit, he further added.

"SKS Microfinance Limited has perhaps created a global record by organizing job fairs for laid off employees on such a large scale," said Mr T Sreedhar, Managing Director, TMI Network.

The events serve to showcase the Company's long-term commitment to the welfare of its key stakeholders, further added.

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