The BPO arm of the Hinduja Group, Hinduja Global Solutions is looking to hire 3,200 people in the second quarter of the current fiscal year.
The recruitment plan follows the strong deal pipeline that the company sees across various segments.
HGS Global Chief Financial Officer Srinivas Palakodeti stated – , “We expect to hire around 3,200 people in the second half of the year…Pipeline looks encouraging. For instance, in the UK, we had won a short-term project related to COVID-19 from one of the government departments…We have now won another big order and we expect to add a significant number of people.”
For the new client, there will be an addition of 700 staff in the UK and all these roles will be work-from-home.
The hiring will take place across India, the US, Canada, Jamaica, and the Philippines. With a total headcount of 39,578, the company has its 45 per cent staff in India as of September 2020 quarter.
Palakodeti explained – “Some of the hiring is also on account of open season enrolment in the US, where open enrolment season is a period when people can enroll in a health insurance plan. This is when employees of organizations can also make changes to their elected benefit options. Companies like HGS ramp up hiring to address the spike in work related to the healthcare industry during this time.”
The company also registered a growth of 65.5% year on year with a net profit of Rs. 813.2 million in the September quarter of the current FY.
Speaking on the results, Partha DeSarkar, Wholetime Executive Director and CEO of HGS said – “Led by robust healthcare volumes and strong performance in other verticals, HGS reported excellent results in Q2 FY2021. Overall revenues for Q2 stood at Rs. 13,326 million, an increase of 11.9% YoY on like-to-like basis. EBITDA grew by 19.8% YoY on like-to-like basis. EBITDA margins for Q2 FY2021 were at 14.0%, an expansion of 225 basis points over Q1 FY2021. PAT rose by 65.5% YoY to Rs. 813.2 million for the quarter, the highest-ever reported by the company. Profit was boosted by a one-time tax reversal charge.”
–AK
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.