TCS, Infosys & Wipro add over 13,500 employees in FY25
The Indian IT industry has witnessed a remarkable turnaround in the current fiscal year, with three of the largest Indian IT giants – Tata Consultancy Services (TCS), Infosys, and Wipro – collectively adding over 13,553 employees. This significant increase marks a reversal from the previous year’s decline in employee headcount, which was driven by a sector-wide hiring slowdown and sluggish revenue growth.
According to recent reports, TCS has added the highest number of employees, with a net addition of 6,433 employees in FY25. This represents a significant increase from the 1,154 employees added by the company in the previous fiscal year. Infosys, another major IT player, has also seen a significant uptick in hiring, with a net addition of 6,388 employees in FY25. This is a substantial improvement from the 1,051 employees added by the company in the previous fiscal year.
Wipro, the third largest IT services provider in India, has also joined the hiring spree, with a net addition of 732 employees in FY25. Although this number is lower compared to its peers, it still marks a significant recovery from the decline of 4,151 employees in the previous fiscal year.
The hiring spree by these three major IT players is a clear indication of the sector’s recovery from the previous year’s slowdown. The Indian IT industry has been facing challenges such as increasing competition from low-cost countries, rapid changes in technology, and shifting customer preferences. However, the industry has been able to adapt to these changes and has started to see a resurgence in growth.
One of the key factors contributing to the increase in hiring is the growing demand for digital transformation services. As more and more companies look to adopt digital technologies to stay ahead in the competitive market, the demand for digital transformation services has increased significantly. This has led to a surge in hiring by IT companies, as they look to build teams with the necessary skills and expertise to deliver these services.
Another factor contributing to the increase in hiring is the growing importance of employee skills and expertise. In today’s rapidly changing technology landscape, companies are looking for employees with specific skills and expertise to deliver complex projects. This has led to a shift towards hiring employees with niche skills, such as artificial intelligence, machine learning, and cybersecurity.
The increase in hiring by Indian IT companies is also a reflection of the country’s growing economy. India’s GDP growth has been steadily increasing over the past few years, and this has led to an increase in demand for IT services. As companies look to expand their operations and invest in new technologies, the demand for IT services has increased, leading to a surge in hiring.
In conclusion, the hiring spree by TCS, Infosys, and Wipro is a clear indication of the Indian IT industry’s recovery from the previous year’s slowdown. The growth in hiring is driven by the increasing demand for digital transformation services, the growing importance of employee skills and expertise, and the country’s growing economy. As the industry continues to evolve, it will be interesting to see how these trends shape the future of the Indian IT sector.
