IT Companies Like TCS, Infosys, Wipro Step Up Hiring For Global Digital Projects For Across India Location
The five software services providers hired over 64,332 employees in the six months to September, compared to 54,642 people in the same period last year, according to an ET analysis of employee hiring at these companies. Which includes India’s top five IT companies – Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro and Tech Mahindra.
These top IT companies added a net 18% more employees in the first half of the ongoing fiscal year, as they stepped up hiring to deliver digital projects for clients globally.
IT companies like TCS have made 30,000 offers to hire from campuses this year; Wipro about 20,000, while Infosys plans to hire 18,000 fresh graduates.
As the digital business is growing at a faster clip for Indian firms, they are also seeing growth remain stagnant or drop, in traditional services such as application development and maintenance.
Traditional services contribute over two-thirds to their revenues and the slow growth is impacting mid-level jobs.
If you look at the potential demand, the absolute revenues are growing in the range of 6-8%, and the IT companies hiring to meet that demand.
According to a survey it has found that around 18% of all start-ups in India are now leveraging deep-tech, which means there are over 1,600 companies focused on technologies such as artificial intelligence (AI), internet of things, big data and analytics, blockchain and virtual reality.
Like Top it companies, the start-ups have also created an estimated 60,000 direct jobs and 1.3-1.8 lakh indirect jobs, Nasscom said in the report.
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