In the Indian context, recruitment per se, as a business has no entry barriers. The industry has evolved from, a homegrown mom-and-pop-shop kind structure where people looked at this business as an alternative income rather than creating a company or an industry. That’s been the history and that is why even today we have multiple players and a very fragmented industry structure. However, over the years the scope and volume requirement of the industry has grown tremendously. Corporates are not able to cater to their entire requirements by themselves and they look up to recruitment firms, but yet require large scale and consistent service. As companies increase their requirements and scope of activities, they will look for partners that have the scale, structure and aggressive outlook. This is where consolidation, growth of some of the home-grown firms and entry of international majors have really contributed to the growth of this segment.