Inspired by the Fornax constellation in the Southern Hemisphere, Fornax Corporate Services is an integrated business services provider that brings together strong, well-managed entities offering distinct service solutions. We are dedicated to driving impact across multiple business domains through innovation, expertise, and strategic growth.
Founded in 2020 by Mr. Subrata Nag, a distinguished business leader in the Indian staffing industry, Fornax officially commenced operations in 2022, post-pandemic, with a clear vision to build a strong, future-ready organization. As a diversified group, we provide integrated business solutions across General Staffing, IT Staffing, Revenue Cycle Management (RCM), Customer Experience Management (CXM), and Finance & Accounting Services. Our company ecosystem includes SourceIT, Ivangel, Objectwin, Fornax BPO, BPO Convergence, and Oremus – each focused on a key domain.
Backed by Carpediem Capital Partners and part of the Carpediem Capital Partners Fund II portfolio, Fornax operates with a technology-driven mindset, leveraging industry best practices to drive sustainable growth. Our leadership team, with over 100 years of cumulative experience, brings a proven track record in business transformation, operational excellence, and stakeholder value creation.
At Fornax Corporate Services, we believe that sustainable success is built on a balanced approach that leverages both organic expansion and strategic acquisitions. Our growth strategy is designed to strengthen our capabilities, enhance our market presence, and drive long-term value for our stakeholders.
We recognize that growth is not just about expansion but about making the right strategic choices.
Our approach is rooted in:
Expanding Through Carefully Evaluated Acquisitions That Align With out Vision And Values
Developing new Business Oppotunities By Leveraging Our Existing Strengths
Ensuring Disciplined Execution To Maximize Efficiency And Performance
Fornax Corporate Services drives organic growth through a strategic approach built on our core principles. We begin by identifying latent demand, uncovering untapped opportunities within our existing customer base to develop new business lines. By leveraging our in-house talent, we create businesses around highly skilled professionals, ensuring expertise-driven solutions that meet market needs.
Our asset-light model allows us to scale efficiently, optimizing resources while maximizing impact. Above all, we prioritize value creation, ensuring that every growth initiative generates long-term benefits for our customers, employees, investors, and partners.
Our acquisition strategy follows a structured decision framework to ensure alignment with our core philosophy. We begin by targeting attractive markets, evaluating growth potential, market trends, and consolidation opportunities to invest in high-potential sectors. A thorough assessment of company profiles ensures integrity, compliance, governance, and promoter credibility meet our stringent standards.
We prioritize businesses with sustainable models, emphasizing strong recurring revenue, high market potential, and opportunities for margin expansion. Our focus on asset-light operations steers us toward companies with low working capital requirements and high cash conversion potential, avoiding capital-intensive facility management sectors. Above all, we seek acquisitions where our expertise and management capabilities can drive value creation and long-term strategic growth.
At Fornax Corporate Services, we believe growth is only meaningful when executed precisely and excellently.
Our execution philosophy is centered on:
Placing customers at the heart of our strategy and delivering solutions that meet their evolving needs.
Maintaining high efficiency, scalability, and performance to drive sustainable success.
Investing in people and fostering a culture of continuous learning and innovation.
Ensuring prudent financial management, profitability, and sustainable cash flow for long-term growth.