PERSOL Holdings Invests in Wiffy, an Onsite Installation and After-Sales Service Provider in India

PERSOL Holdings Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Takao Wada), which champions the group vision of "Let's work and smile," announces its investment in Installco Wify Technologies Pvt. Ltd. (Headquarters: India; CEO: Vikram Sharma; hereinafter "Wiffy"), a company providing onsite installation services (hereinafter "onsite installation") and after-sales services for home appliances and residential equipment in India.

This investment was made through Persol Venture Partners LLC (Headquarters: Minato-ku, Tokyo; Representative Partner: Takeyuki Kato).

Overview of Wiffy

Wiffy is a startup based in India that operates a new outsourcing service model centered on technician training and development. With rapid urbanization and expanding consumer markets, demand for installation, repair, and after-sales services for home appliances and residential equipment in India is growing rapidly. However, there is a significant shortage of skilled technicians to meet this demand, posing a societal challenge. To address this, Wiffy has established a unique human resource development model that integrates recruitment, training, and deployment of technicians, enabling it to deliver high-quality onsite installation and after-sales services. By leveraging both its in-house trained technicians and a broad network of skilled professionals, Wiffy supports companies in strengthening their service delivery infrastructure.

Currently, Wiffy partners with over 100 leading brands and has delivered services to more than 1 million households cumulatively. The company operates across more than 90 cities in India, offering over 10 service categories and continues to grow through a B2B2C business model. Its business structure benefits from increasing product sales, which drive corresponding service demand. Supported by sustained demand and a capital-efficient business model, Wiffy is poised for further growth.

The PERSOL Group recognizes that Wiffy’s technician-centric business model not only enhances technical skills and career development but also creates new employment opportunities aligned with rising consumer demand. This resonates strongly with PERSOL’s value creation goal of "expanding human potential and creating better work opportunities for one million people by 2030." Through this investment, the PERSOL Group will support Wiffy’s continued expansion and success.

Company Name

Installco Wify Technologies Pvt. Ltd.

Representative

CEO & Co-founder: Vikram Sharma

Headquarters

D-704, Remi Bizcourt, Off Veera Desai Road, Andheri West, Mumbai - 400053

Date of Establishment

June 2019

Website

https://wiffy.ai/

About PERSOL Holdings Co., Ltd.

Since its founding in 1973, PERSOL Holdings has operated diverse businesses related to people and organizations, including staffing, recruitment, outsourcing, and engineering design. In October 2008, it established Temp Holdings Co., Ltd. as a holding company, which was renamed PERSOL Holdings Co., Ltd. in July 2017.

Listed on the Tokyo Stock Exchange Prime Market (Securities Code: 2181). Sales revenue for the fiscal year ending March 2026 was 1.5558 trillion yen (IFRS).

About "PERSOL" <https://www.persol-group.co.jp/>

The PERSOL Group aims to become a "Creator of Working Well-being," targeting the creation of better work opportunities for one million people by 2030 through expanding human potential.

Through a wide range of businesses and services, the group responds to the diverse needs of working individuals, expands their possibilities, and strives to create a society where everyone around the world can truly feel "Let's work and smile."