TCS, Infosys & Wipro add over 13,500 employees in FY25
The Indian IT sector has been experiencing a slow growth rate in recent years, leading to a decline in hiring and employee additions. However, it seems that the tide is turning, and the sector is showing signs of recovery. According to recent reports, Indian IT giants Tata Consultancy Services (TCS), Infosys, and Wipro have together added approximately 13,553 employees in FY25.
This marks a significant recovery from last year’s reduction in employees, driven by a sector-wide hiring slowdown and sluggish revenue growth. In FY24, the IT sector had witnessed a decline in hiring due to various factors such as the COVID-19 pandemic, economic uncertainty, and the ongoing war in Ukraine.
TCS, one of the largest IT companies in India, added the maximum number of employees, with a net addition of 6,433 employees in FY25. This is a significant increase from the previous year, when the company had reduced its workforce by around 10,000 employees.
Infosys, another major IT player, added 6,388 employees in FY25, a notable improvement from the previous year’s reduction of around 10,000 employees.
Wipro, the third-largest IT company in India, saw its headcount increase by 732 employees in FY25. While this is a relatively smaller addition compared to TCS and Infosys, it still marks a recovery from the previous year’s decline.
The addition of employees by these three IT giants is a positive sign for the sector, which has been facing several challenges in recent years. The IT sector has been under pressure due to various factors such as rising competition from low-cost countries, increasing automation, and the ongoing global economic uncertainty.
However, despite these challenges, the Indian IT sector has been able to maintain its growth momentum, driven by its strong talent pool, innovative capabilities, and commitment to digital transformation. The addition of employees by TCS, Infosys, and Wipro is a testament to the sector’s ability to adapt to changing market conditions and capitalize on new opportunities.
The increased hiring by these companies is also a positive sign for the Indian economy, which has been struggling to recover from the COVID-19 pandemic. The IT sector is a significant contributor to India’s GDP, and the increased hiring is likely to create new job opportunities and boost economic growth.
Moreover, the increased hiring by TCS, Infosys, and Wipro is also a sign of their confidence in the sector’s growth prospects. The companies are investing heavily in digital transformation, artificial intelligence, and other emerging technologies, which are expected to drive growth in the coming years.
In conclusion, the addition of over 13,500 employees by TCS, Infosys, and Wipro in FY25 is a positive sign for the Indian IT sector. The sector has been facing several challenges in recent years, but these companies have been able to adapt to changing market conditions and capitalize on new opportunities. The increased hiring is likely to create new job opportunities and boost economic growth, making it a significant development for the Indian economy.
