TCS, Infosys & Wipro add over 13,500 employees in FY25
The Indian IT sector has been on a rollercoaster ride in recent years, with fluctuations in hiring and revenue growth. However, it appears that the industry is finally showing signs of recovery. According to a recent report, Indian IT giants Tata Consultancy Services (TCS), Infosys, and Wipro have together added approximately 13,553 employees in FY25. This marks a significant reversal from last year’s reduction in employees, driven by a sector-wide hiring slowdown and sluggish revenue growth.
TCS, India’s largest IT services exporter, led the charge by adding 6,433 employees in FY25. This is a significant increase from the 1,163 employees the company had laid off in FY24. Infosys, another major IT player, added 6,388 employees in FY25, which is a substantial jump from the 1,441 employees it had let go in the previous fiscal year. Wipro’s headcount went up by 732 in FY25, a modest increase compared to the 1,551 employees the company had reduced in FY24.
The hiring spree by these Indian IT majors is a welcome sign for the industry, which has been facing challenges such as intense competition, rising operational costs, and a shortage of skilled talent. The recovery in hiring is also a reflection of the sector’s ability to adapt to changing market conditions and capitalize on growth opportunities.
There are several factors that have contributed to the recovery in hiring by Indian IT companies. One major factor is the resurgence of demand for IT services from global clients. As the global economy recovers from the pandemic-induced recession, companies are increasingly relying on IT services to drive digital transformation and improve operational efficiency. This has led to a surge in demand for IT professionals with skills such as cloud computing, artificial intelligence, and cybersecurity.
Another factor that has contributed to the recovery in hiring is the strategic shift towards emerging technologies and industries. Indian IT companies are increasingly focusing on high-growth areas such as cloud, data analytics, and artificial intelligence, which require specialized skills and expertise. This has led to a surge in demand for professionals with skills in these areas, driving up hiring.
The recovery in hiring by Indian IT companies is also a reflection of the sector’s ability to adapt to changing market conditions. In recent years, the industry has been facing intense competition from low-cost destinations such as the Philippines and Eastern Europe. However, Indian IT companies have been able to differentiate themselves by focusing on high-value services such as consulting, digital transformation, and innovation.
The recovery in hiring by Indian IT companies is also expected to have a positive impact on the overall economy. The IT sector is one of the largest employers in India, and the sector’s growth is expected to have a multiplier effect on the overall economy. The sector’s growth is also expected to lead to increased consumption, investment, and economic activity, which can drive overall economic growth.
In conclusion, the hiring spree by TCS, Infosys, and Wipro is a welcome sign for the Indian IT sector. The recovery in hiring is a reflection of the sector’s ability to adapt to changing market conditions, capitalize on growth opportunities, and drive economic growth. As the sector continues to grow and evolve, it is likely to remain a key driver of India’s economic growth and development.
