Friday, September 4, 2009

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TCS to hire 25, 000 globally this year

India’s largest IT employer, Tata Consultancy Services, will hire 25,000 people globally this year, 90% of which will be India. Though significantly large when compared to the current recruitment numbers, the figure is 10,000 short of the number of people TCS hired last year. Tanmoy Chakrabarty, vice-president and head of government industry solutions unit, confirmed the plan.

“We will be hiring 25,000 people this year, which means roughly 25 lakh sqft of work space required and, therefore, we need to grow outside the metros. Tier-II cities are our only focus for expansion in the country as the top rung are clogged and saturated,” Mr Chakrabarty said.

With this, the total number of employees globally would go up to more than 1.8 lakh, making it one of the largest private employers in India and putting it in the league of Tata Steel, which has an employee base of 2 lakh people.

With the Indian government planning to spend Rs 40,000 crore on IT services, TCS with an estimated 32% market share, is actively looking into this space for more business.

At present, 70% of the this segment’s revenue comes from India while the smaller share coming from the US, Latin America, Africa and South East Asian countries. However, the revenue contribution from Indian

government businesses to the total company revenue of $6 billion is less than 5%, which the company intends to increase to more than 10% in the next three years.

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