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.
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