As the world shows signs of recovery from the year-long pandemic, top Indian IT companies are geared up to boost the economy with its robust hiring plans for 2021-22. TCS, Infosys, HCL Technologies and Wipro — collectively plan to hire 91,000 from campuses, a little higher than last year, according to media reports.
Milind Lakkad, EVP and global HR head of TCS said that the company expects to hire the same number of freshers for the next year as it did this year (about 40,000).
Infosys said it will hire 24,000 college graduates in India in the next financial year, up from the 15,000 that it had planned for current one.
HCL Technologies chief HR officer Apparao V V said there are multiple reasons why the hiring momentum is picking up.
“We are doing 33 per cent more than what we had targeted and we see a fair bit of acceleration in Q3 and Q4. The visa environment, compensation revisions and countries looking inward have put a cap in terms of the talent available in those countries. If customers scale up their engagement, they have to go where the skills are. Last year, 70 per cent of our increase in manpower was in India and 30 per cent outside India. This year, it was almost 90 per cent-10 per cent. We see huge ramp-ups in India,” he said. HCL plans to hire 15,000 freshers in India and 1,500-2,000 people on-site in the 2022-ending fiscal.
James Friedman of Susquehanna Financial Group (SFG) said demand is generally infrastructure-related. That’s where the “big deals” are, often with some digital wrapper, he said. “India mindshare seems once again on the rise,” he said.
Infosys won the largest deal ever in its history from German automotive major Daimler that sources said is estimated at $3.2 billion. TCS won a large deal from Prudential Financial. Wipro signed a big one with German retailer Metro.
“It is all about the demand. The way we have been hiring in the last few months…more demand means more opportunities,” chief HR officer Saurabh Govil said.
Hansa Iyengar, Principal Analyst at Omdia, said enterprises are accelerating digital agendas and investments as the world looks at a post-pandemic recovery. “Campus recruitment is a good tool to bolster digital portfolios and delivery,” she said.
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