How it started
Branding of Ma Foi: 1992 - 2012
The inception of the brand 'Ma Foi' (pronounced "Ma Fwa") was in 1992 as "Ma Foi Management Consultants", a Chennai based HR service provider founded by K. Pandiarajan to tap into opportunities arising out of the 1991 economic liberalization policies in India.
On choosing the French name, the founder commented in an interview - "We were targeting the international market. So, Ma Foi -- or My Word -- symbolized what we wanted to say and do."
In 2004, Vedior NV, a Dutch head hunting firm acquired a majority stake in Ma Foi Management Consultants, to develop its business in South-East Asia and West Asia. Randstad NV acquired the operations of Ma Foi, through its December 2007 US$5.14 billion acquisition of Vedior. In April 2012, "Randstad India" replaced Ma Foi, which by then had become a brand in the professional recruitment space.
Evolution of Ma Foi Strategic Consultants: 2012 - till date
With Ma Foi, the founders gained a service spectrum that extended beyond recruitment especially in strategic consultancy; and on 5 April 2012, they announced that brand Ma Foi would exit from HR consulting services with the launch of a new venture focusing on management consulting and education space - Ma Foi Strategic Consultants Pvt. Ltd.
From Wikipedia’s article on Ma Foi Strategic Consultants, shared under CC BY-SA 4.0.2