India’s top three IT services companies have posted a 45% jump in hiring during FY21 as compared to the previous fiscal. TCS, Infosys, and Wipro together hired a total of 72,259 employees in FY21 compared with 49,888 the previous year.
Amongst the three, TCS made its highest-ever net addition, with 19,388 employees joining the company in Q4. Its total headcount stood at 4,88,649, a net addition of 40,185 during the year. Meanwhile, Infosys added 17,248 employees to take its total headcount to 2,59,619. Wipro added 14,826 employees, closing the year with 197,712 employees..
More hiring is also expected to happen as companies ramp up their technology deployment across different sectors. TCS expects to hire over 40,000 in FY22, to take its overall headcount above 5 lakh. Last week, Infosys also shared that the company is planning to take the number further up to 25,000 this year.
The hiring comes as there is an increased focus on digital operations as companies around the globe are investing in new-age technologies to accelerate their digital transformation and become future-ready, as noted by Wipro’s CEO, Thierry Delaporte, during the fourth-quarter earnings call.
As the pandemic increases the pace of technology adoption across the globe as more and more companies go digital, the demand for agile digital solutions will go up, resulting in a spurt of jobs for IT services professionals.