This week, Reuters reported that Indian staffing firms Ikya Human Capital Solutions and TeamLease Services are looking to raise as much as $350 million in two separate stock market listings in the first half of 2015. Read complete release here.

This is great news for our industry. The expected reforms by the government, which are likely to include an overhaul of India's strict rules on hiring and firing is going to change the employment landscape. Today only 8% of Indian workers have formal jobs with any security and benefits, while the vast majority works in the informal sector.

This shift will have a huge implication on the opportunities for HR services providers in India. The Indian HR industry, estimated to be upwards of Rs 30,000 crore in value, will benefit tremendously from these regulatory changes. Recruitment industry accounts for 70% of the overall industry size. That includes temp staffing, professional staffing and RPO. People Matters had done a complete study on it in 2012, you can read the report here. An E&Y and ERA study the same year reports temporary staffing to be Rs 17,200.

TeamLease, partly owned by ICICI Venture, has hired Credit Suisse, IDFC and ICICI Securities to manage an initial public offering (IPO) expected to raise between $125 million and $150 million. Ikya, controlled by Canada's Fairfax Financial Holdings Ltd, is looking to raise $200 million but has yet to appoint banks, according to sources.

Infoedge (Naukri.com) is the only listed company in this industry in India, which we estimate to cross Rs 60,000 crore by 2017. It is a great time to see to its scale, investor attractiveness and professionalization.

As the HR industry in India finally starts coming on the radar in a big way, it will be a very exciting time to be in this space. "HR is a skills-based industry. It's a new theme and therefore would attract a scarcity premium," said U.R. Bhat, managing director at Dalton Capital, a unit of British-based investment management firm Dalton Strategic Partnership LLP.