The civilian corporate world knows the fact that Armed Forces personnel are great assets, but fail miserably to find the right fit. While at IIM Lucknow, Capt Venkata Ramana identified a serious lack of online career resources for transitioning services personnel and for Veterans who were already in the Civvy Street. In the process he founded FaujNet.com, a Web based screening and assessment platform connecting the industry and military veterans.
Captain Venkat Ramana Rao, founder of faujNet says that, “faujnet, the one of its own kind startup aims of doing good for military community. World over, whether retired or serving, the soldiers always face difficulties in explaining his civilian counterpart of what he is doing and how it adds value to the system. We have been working really hard in this ultra-niche domain where if we succeed…We can have a Happy India. After all, a happy soldier is an indicator of a happy nation.”
FaujNet provides Military Talent Integration Solutions to Global Industry using technology and human intelligence. The startup acts as a bridge between companies requiring military services of different kinds and the different military talents present i.e. it provides military members with career and financial management tools to plan and secure their retirement and also caters to Corporates for their Military Talent Needs.
The startup gets revenue from Military Hiring Advisory Services, Leadership Hiring, Military candidate On-boarding Services, Internship. Its Members include Military professionals from Army, navy and Air Force who pays for Premium Subscription on the Career Portal, Profile Creation / Fitment Creation, Career Assessment & Mapping.
FaujNet has an excellent mix of people working for it including retired lieutenant colonels, brigadiers, etc. Total Addressable Market in terms of numbers (as of today) for this segment is 5 Mn (Only Armed Forces: serving and retired) and if added Paramilitary to it, the market is about 10 Mn.
Over 1,50,000 veterans and 250 plus employers have utilised FaujNet’s platform services, and more than 200 military personnel have been directly placed through FaujNet. Adding on, about 1000 Officers have been benefited by its career planning & facilitation services and according to the startup over 5000 Military leaders have used its proprietary Corporate Fitment Screening.
It also has a mobile App (FaujNet App) which provides latest career opportunities and military benefits updates for Armed Forces veterans to stay tuned and its job board i.e. Talent-X is a the fastest growing military hiring job board.
From the comprehensive perspective, FaujNet is the Pioneer and the only player in this segment. If you split the market, any job portal, any Placement Company, any assessment and screening company, even the corporate hiring team is a competitor.
Founded in 2011 by Captain Venkat Ramana Rao and Col TSS Prasad, FaujNet is based out in Hyderabad and working with a 12 member team.