TCS, Infosys & Wipro add over 13,500 employees in FY25
The Indian IT sector has been on a rollercoaster ride over the past few years, with hiring slowdowns and sluggish revenue growth affecting many companies. However, it seems that the sector is finally showing signs of recovery, with three of its biggest names â Tata Consultancy Services (TCS), Infosys, and Wipro â together adding over 13,500 employees in FY25.
This is a significant turnaround from last year, when the sector witnessed a reduction in employee numbers due to the hiring slowdown and sluggish revenue growth. The latest figures are a welcome development for the industry, which is a significant contributor to India’s GDP.
According to the latest reports, TCS added the highest number of employees, with a net addition of 6,433 professionals in FY25. This takes the company’s total employee count to over 520,000. Infosys, another IT giant, added 6,388 employees, taking its total headcount to over 240,000. Wipro, the third company to report its employee numbers, saw its headcount increase by 732, taking its total employee count to over 190,000.
The increase in employee numbers is a significant development for the industry, which has been facing challenges in recent years. The sector-wide hiring slowdown, coupled with sluggish revenue growth, had led to a reduction in employee numbers last year. However, it seems that the companies have now adjusted to the new normal and are looking to expand their workforces.
There are several factors that could be contributing to the increase in employee numbers. One of the main factors is the growth in demand for IT services. With digitization and automation becoming increasingly important for businesses, the demand for IT services has been growing steadily. This has led to an increase in the hiring of professionals in the sector.
Another factor that could be contributing to the increase in employee numbers is the expansion of businesses into new areas. Many IT companies are now diversifying their portfolios by venturing into new areas such as artificial intelligence (AI), machine learning (ML), and cloud computing. This has led to an increase in the hiring of professionals with expertise in these areas.
The increase in employee numbers is also a sign of confidence in the industry. The fact that companies are willing to invest in their workforces suggests that they are confident about the future prospects of the industry. This is a welcome development for the sector, which had been facing challenges in recent years.
However, it’s not all good news. The increase in employee numbers could also put pressure on the companies’ margins. As the demand for IT services continues to grow, companies may need to increase their spending on infrastructure and talent acquisition. This could put pressure on their margins and make it difficult for them to maintain their profitability.
In conclusion, the increase in employee numbers at TCS, Infosys, and Wipro is a welcome development for the Indian IT sector. The sector has been facing challenges in recent years, but it seems that the companies are now adjusting to the new normal and are looking to expand their workforces. However, the increase in employee numbers could also put pressure on the companies’ margins, and it will be interesting to see how they manage this challenge in the coming years.
