CIEL HR Services posted revenues of ₹586 crore for the first quarter ending June 2026 (Q1FY27), a growth of 30.4 per cent when compared to the same quarter last year. Profit after tax increased by 48 per cent year-on-year at ₹3 crore. Speaking at a virtual press conference on Tuesday, Executive Director & Chairman, K Pandiarajan said that the company’s growth has beat the HR industry average of 10 per cent year-on-year recorded by its peers. The Chennai-based HR firm has decided to revisit its previously deferred IPO plans in the next financial year ending March 2028. background verification servicesRecruitment accounts for 10-12 per cent of the revenue while background verification services account for another 15 per cent, he said.