ManpowerGroup

Sector: Staffing & Professional Services  |  HQ: Milwaukee, Wisconsin, USA  |  Founded: 1948  |  Employees: ~21,000

Listed as: NSE / BSE listed (MAN)  |  NSE / BSE  |  Ticker: MAN.NS  |  Website →

Company overview

ManpowerGroup is a US-based Fortune 500 staffing and workforce solutions company operating under brands including Manpower, Experis, Jefferson Wells, and Talent Solutions. The company connects employers with talent across industries globally, offering recruitment, permanent placement, training, and career management services. It operates in over 80 countries and is one of the world's largest staffing firms by revenue.

Recent developments

December 2025 - April 2026

ManpowerGroup's employment outlook surveys continue to chart robust hiring momentum across India. The company's Q4 2025 report recorded a 40% net hiring outlook, which subsequently surged to a record 68% for the April–June 2026 quarter, with projections remaining steady for the July–September 2026 period [4,3,6,2]. IT, energy, and BFSI sectors are identified as primary drivers of this recruitment push [2]. India's hiring outlook has positioned the country at the global second rank for Q1 2026, underscoring its status as a leading job market globally [7].

Beyond headline numbers, ManpowerGroup research highlights the broader workforce sentiment backdrop. India's workforce ranks as the most confident globally, with worker confidence and well-being showing notable improvement, trends the firm has been tracking across its portfolio of professional recruitment services [8,5]. The company has also demonstrated community engagement through its Delhi smart vision glasses initiative supporting visually impaired students [1].

Sources (8)

1. ManpowerGroup India Empowers Visually Impaired Students in Delhi with Smart Vision Glasses - Business Standard · Business Standard · Tue, 02 Dec 2025
2. Hiring confidence steady in India for July–September; IT, energy and BFSI to lead recruitment push, says ManpowerGroup employment outlook survey - MSN · MSN · Wed, 22 Apr 2026
3. Hiring outlook report: What is driving India’s record 68% job forecast? - Mathrubhumi English · Mathrubhumi English · Tue, 10 Mar 2026
4. ManpowerGroup Reports 40% Net Hiring Outlook for India Q4 2025 - SMEStreet · SMEStreet · Wed, 10 Sep 2025
5. Workers’ confidence and well-being rise, led by India: ManpowerGroup - Staffing Industry Analysts · Staffing Industry Analysts · Tue, 24 Jun 2025
6. India's employment outlook hits record high for Apr-Jun quarter: Report - Fortune India · Fortune India · Tue, 10 Mar 2026
7. India Hiring Outlook Strong: Q1 2026 Shows Global 2nd Rank - Deccan Herald · Deccan Herald · Mon, 08 Dec 2025
8. India’s workforce most confident globally, yet feeling the heat - financialexpress.com · financialexpress.com · Thu, 22 Jan 2026

Financial performance and recent trajectory

Disclosed revenue (FY25): Not separately disclosed in segment-wise FY 2024-25 reporting.

Competitive position

ManpowerGroup competes directly with global staffing giants including Adecco Group, Randstad, Kelly Services, and Robert Half. It holds a top-tier market position in workforce solutions with particular strength in IT staffing, professional recruitment, and managed service provider (MSP) offerings.

Key risks

Economic downturns reducing corporate hiring and temporary staffing demand Increasing regulatory complexity around gig workers, contractor classification, and international labor laws Competition from online staffing platforms and AI-driven recruitment technologies Currency exchange rate fluctuations due to extensive international operations

Outlook

ManpowerGroup is a participant in the Indian recruitment / placement consultancy business plan & category, which forms part of the broader Professional Services space. The Indian recruitment / placement consultancy business plan & market continues to evolve with rising organised share, premiumisation, distribution expansion, and a regulatory architecture covering the Companies Act 2013, the Income Tax Act 1961, the CGST Act 2017, the Legal Metrology Act 2009, and sectoral statutes including the Food Safety and Standards Act 2006 (for food and beverage subsegments), the Drugs and Cosmetics Act 1940 (for pharmaceutical or healthcare adjacencies), the Environment Protection Act 1986 (for emissions and effluents), and labour codes consolidated under the four 2020 labour codes. In KAMRIT's project report framework for this category, the competitive set typically includes pan-India branded leaders, multinational subsidiaries, mid-sized regional players, and a long tail of MSME participants. The structural attractiveness of the category for new entrants is a function of (a) market growth rate, (b) the share that remains with unorganised or fragmented operators, (c) the cost of regulatory compliance, and (d) the capex intensity of plant and machinery. The KAMRIT bankable DPR for this category structures a new entrant's economics against this competitive landscape. For ManpowerGroup specifically, public-domain disclosures provide a baseline view of operations, but segment-wise revenue, EBITDA, capacity utilisation, and forward capex plans are not separately broken out in many cases. Where the company is part of a listed group, the SEBI LODR and the Companies Act 2013 governance framework apply, with statutory audit conducted under SA 700 and CARO 2020 reporting. Where the company is unlisted, the Companies Act 2013 framework continues to govern with reduced public disclosure. The risk and opportunity outlook for ManpowerGroup mirrors the broader recruitment / placement consultancy business plan & category dynamics. Demand-side drivers include rising household consumption, urbanisation, organised retail expansion, and policy support including PLI schemes (where applicable to the segment). Supply-side risks include input cost volatility, regulatory tightening, environmental compliance escalation, and competitive intensity from larger groups or imports. Management quality, balance sheet strength, distribution depth, and the capex execution track record are the differentiators within the peer set. KAMRIT's research desk maintains a baseline reference for ManpowerGroup as a peer benchmark within the recruitment / placement consultancy business plan & category. For investors, lenders, or new entrant promoters seeking a fuller assessment of ManpowerGroup, KAMRIT's deep-dive company profile engagement covers financial trajectory, capacity and capex, distribution and customer concentration, regulatory exposure, and the competitive position with named peers.

KAMRIT point of view

Building or competing with ManpowerGroup?

KAMRIT advises promoters, family offices, and global enterprises evaluating greenfield entry into the staffing & professional services sector. Our Bankable DPR with Cost Model and ROI benchmarks your project economics against the listed-company cost structure of ManpowerGroup and peers. The Execution Partnership tier covers everything from incorporation through commissioning. A 20-minute scoping call with our partners is free.

View all 1 related project report → Book a scoping call

Related KAMRIT project reports

These reports use ManpowerGroup in benchmarking and competitive analysis sections.

Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.