Tata Consultancy Services Ltd (TCS), India's largest IT company, is planning to hire 30,000 staff in 2010-11 on hopes of increase in demand for services from its overseas clients.
"We are looking at a gross addition of 30,000 in fiscal 2011. Approximately 70 per cent will be freshers and 30 per cent will be experienced professionals," TCS managing director and CEO N Chandrasekaran told reporters here. The IT major said it will maintain its usual ratio between overseas and Indian recruitments while hiring.
"We will be hiring across various concerns like analytics, programme management and so on. About 2,000 will be recruited internationally mostly from Latin America, the US, Australia and other countries," he said. During the October-December quarter, TCS had a gross addition of 12,854 employees. Its total headcount across 42 countries stood at about 1,49,000, as of December 31, 2009.
Chandrasekaran said the IT environment is getting better with every passing month as verticals like BFSI (banking, financial services and insurance), retail and utilities increased their technology spends. The overall picture, however, is far from perfect, he added.
"I am optimistic but not overly bullish. Business recovery is happening across sectors and markets led by (increasing IT spends from verticals like) financial services, retail and utilities," he said. "Continental Europe market is lagging behind. I expect that market along with the manufacturing and telecom sectors will recover as the year goes by," Chandrasekaran added.
Wipro looking at acquisitions
Mumbai: IT major Wipro Ltd is looking at acquisitions in the telecom, healthcare and energy utilities segments in the near future, a senior company official said. "We are looking out for acquisitions in niche segments like telecom, healthcare and energy utilities in the coming years. We will be growing through both organic and inorganic routes," Wipro Ltd joint CEO (IT business) Girish Paranjpe told reporters on the sidelines of the NASSCOM summit here. He, however, did not specify the timeframe, the amount earmarked or the geographies it was eyeing for acquisitions.
The Bangalore-based IT company is open to acquiring smaller firms with strong product offerings, which would help fill in the gaps in its services. Last year, Wipro acquired the consumer products and lighting business of Yardley and Unza Holdings, which manufactures personal care and household care products.
