News: Merged Tech Mahindra, Satyam may hire 10,000 staff

C-Suite

Merged Tech Mahindra, Satyam may hire 10,000 staff

Tech Mahindra Ltd and Satyam Computer Services Ltd, which are in the process of a merger after regulatory approvals, plan to hire up to 10,000 staff for the combined entity in the current fiscal year. The two companies as of now have a combined workforce of about 75,000 and the addition of new employees will help them meet an expected rise in demand for technology services. The combined technology services company, which would contribute almost a fifth of the agriculture-to-aerospace group's $14 billion annual revenue, also hopes to chip in with engineering and software designs for the conglomerate's main automobile business and foray into defence contracts.

Tech Mahindra Ltd and Satyam Computer Services Ltd, which are in the process of a merger after regulatory approvals, plan to hire up to 10,000 staff for the combined entity in the current fiscal year. The two companies as of now have a combined workforce of about 75,000 and the addition of new employees will help them meet an expected rise in demand for technology services. The combined technology services company, which would contribute almost a fifth of the agriculture-to-aerospace group's $14 billion annual revenue, also hopes to chip in with engineering and software designs for the conglomerate's main automobile business and foray into defence contracts.

Source: The Economic Times
 

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Topics: C-Suite, #Updates

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