FORMULA GROUP

Formula Group: Leading the world of Employee Mobility Solutions In India

Top Visionary Women Leader of the Year 2024 

In today’s rapidly globalizing world, employee mobility has become an essential strategy for companies looking to expand their reach, tap into new markets, and foster diverse talent pools. Yet, the logistics of relocating employees—whether due to organizational needs or personal choices—pose significant challenges. Navigating the complexities of immigration, housing, cultural adaptation, and family dynamics requires more than just basic planning.

This is where mobility service companies like Formula Group step in, ensuring that both organizations and their employees experience smooth, stress-free transitions. At the helm of this dynamic company is Shiivani Aggarwal, the Chief Executive Officer, whose leadership and passion have been instrumental in transforming Formula Group into a leader in the corporate mobility sector.

SHIIVANI AGGARWAL: A VISIONARY LEADER WITH A PASSION FOR TRAVEL

Shiivani Aggarwal’s journey with Formula Group began two decades ago, when she joined the company at the young age of 20. Her love for travel and an innate curiosity about different cultures made her a perfect fit for the organization, which was then focused primarily on travel services. Over the years, Shiivani’s dedication, vision, and leadership have propelled her from a humble beginning to the CEO, a role she has embraced with enthusiasm and drive.

Reflecting on her journey, Shiivani says,
“For me, leadership extends beyond mere interest; it embodies an innate quality that fuels growth and a fervent drive to propel an organization forward.” Her leadership style is deeply rooted in her belief in human connection and the importance of nurturing the team. She adds, “My inspiration for leadership stems from my five-year-old son, who teaches me valuable lessons every day. To be an effective leader, one must possess the ability to execute plans and pave the way for progress.”

FORMULA GROUP: PIONEERS IN EMPLOYEE MOBILITY SOLUTIONS

Formula Group began its journey as a car rental solutions company with a focus on serving expatriates. Their mission was clear: to provide compliant, organized, safe, and secure car rental services tailored to the specific needs of their clients. However, as the demands of the corporate world evolved, so did Formula Group. The company expanded its services to include comprehensive corporate mobility solutions, becoming a trusted partner for organizations navigating the complexities of employee relocation.

Understanding the challenges of relocating to a new city—whether it’s adapting to different cultures, enrolling children in schools, or establishing new routines—Formula Group offers a personalized approach to relocation. Their well-trained consultants work closely with employees and their families, ensuring that every aspect of their move is meticulously planned and executed. From the initial stages of planning to ongoing support after the move, Formula Group is there every step of the way, providing unwavering assistance to make the transition as smooth as possible.

A LEGACY OF GROWTH AND EXCELLENCE

Under Shiivani’s leadership, Formula Group has established itself as a leader in the corporate mobility sector, recognized for its commitment to excellence and innovation. The company’s growth has been remarkable, with a client base that includes some of the world’s most prestigious multinational corporations. Today, Formula Group supports numerous Fortune 500 companies across various industries, including FMCG, automotive, steel, hospitality, and trading.

This success is a testament to the company’s dedication to meeting the diverse mobility needs of its clients, whether for inbound or outbound relocations. Formula Group’s services include immigration assistance, house hunting, chauffeured car rentals, office space procurement, and moving and packing of both household and office goods. Their comprehensive approach ensures that every detail of the relocation process is handled with precision and care.

TECHNOLOGY-DRIVEN SOLUTIONS WITH A HUMAN TOUCH

In an industry where attention to detail and personal service are paramount, Formula Group stands out for its innovative use of technology to enhance the relocation experience. The company’s technology platform is designed with a humancentric approach, ensuring that employees and their families can transition smoothly from one location to another. This platform provides real-time tracking of individuals in transit, access to the entire relocation process, and insights for clients, including HR departments, into ongoing operations.

What sets Formula Group apart from its competitors is its single-window model for managing mobility and relocation requirements across diverse nationalities. This approach simplifies the often-complicated process of coordinating services from multiple providers, offering a unified solution that is both efficient and effective. As the sole provider in India offering such a comprehensive range of services under one roof, Formula Group has established itself as a leader in the industry.

INDUSTRY RECOGNITIONS AND ACHIEVEMENTS

Formula Group’s commitment to excellence has not gone unnoticed. Over the years, Formula Group has earned significant accolades, including the Relocate Awards 2015 for Destination Service Provider of the Year, the APAC EMMAS 2018 for Outstanding Contribution to Global Mobility (Raman Narula), and the APAC EMMAS 2019 for Destination Services Provider of the Year.

Their technological excellence was recognized with the Relocate Awards 2022 for Excellence in Technology or Analytics, and they won the APAC EMMAS 2022 for Most Innovative Use of Technology in Global Mobility – Assignee Management. Most recently, they were honored with the TIMES BUSINESS AWARDS 2023 for Best Employee Mobility Company and the NEI GLOBAL SERVICE PARTNER AWARD 2023 for Excellence in Accountability. Awarded as Top 10 Indian women Entrepreneur.

BALANCING WORK AND LIFE: A PERSONAL INSIGHT

For Shiivani Aggarwal, leading a successful company like Formula Group requires a delicate balance between professional and personal life. As a passionate traveler, she believes that exploring new destinations and finding joy in her personal life are essential for maintaining positive energy and creating a vibrant atmosphere in the workplace.

She shares, “As someone who loves to travel, I set yearly travel goals for myself and now that I have a child, I coordinate these adventures with the school calendar to accommodate both our schedules. I firmly believe that exploring new destinations and finding joy in my personal life are vital for maintaining positive energy and creating a vibrant atmosphere in the workplace and among the workforce.”

LEADERSHIP INSIGHTS: ADVICE FOR ASPIRING WOMEN PROFESSIONALS

As a successful woman leader in a competitive industry, Shiivani Aggarwal is a source of inspiration for many aspiring women professionals and entrepreneurs. Her advice to them is simple yet profound:

“Stay strong and believe in yourself. Strength and self-belief are fundamental to leadership. By staying committed and dedicated, you can conquer any challenge life throws your way. Success in entrepreneurship requires clarity of vision and a solid roadmap to reach your goals. Hold fast to your dreams and push forward with determination.”

CONCLUSION: THE FUTURE OF FORMULA GROUP

As Formula Group continues to grow and evolve under Shiivani Aggarwal’s leadership, the company remains committed to its core values of achieving customer delight, being the solution , and sharing knowledge amongst others. With a strong foundation built on years of experience and a forward-thinking approach, Formula Group is well-positioned to continue leading the corporate mobility sector in India and beyond.

In an industry where the stakes are high and the challenges are complex, Formula Group’s success story is a testament to the power of visionary leadership, a dedicated team, and an unwavering commitment to meeting the needs of their clients. As the world continues to change, Formula Group is ready to face the future with confidence, innovation, and a human touch.

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