Hi Amit,
The People Capability Maturity Model (People CMM) is a framework that helps organizations successfully address their critical people issues. Based on the best current practices in fields such as human resources, knowledge management, and organizational development, the People CMM guides organizations in improving their processes for managing and developing their workforces. The People CMM helps organizations characterize the maturity of their workforce practices, establish a program of continuous workforce development, set priorities for improvement actions, integrate workforce development with process improvement, and establish a culture of excellence.
Before implementing this, you should read the literature available on http://www.sei.cmu.edu/cmm-p/.
Primarily, this has been implemented by major IT companies in India and is gaining momentum.
Some time back, I had attended a workshop on P-CMM by L&T, and they have the expertise in the implementation of this and do help corporates. I don't remember the names of trainers now. What you can do is go to the L&T site, and I am sure there would be some reference to that, and in case I get the visiting cards, I shall forward you the same.
Good Luck!
Cheerio,
Rajat Joshi