The major players in the Indian IT industry intend to increase hiring in the upcoming fiscal year (FY26), propelled by evidence of robust economic growth in important Western markets and green shoots in demand.
The big four IT companies—TCS, Infosys, HCL Technologies, and Wipro—announced plans to increase their workforces in the current quarter and the upcoming fiscal year during the recently ended December quarter. However, some of these companies also reported a decrease in their overall headcount and an increase in attrition.Over 70,000 new hires are anticipated to join the Indian IT sector in the fiscal year 2025–2026, according to media reports.
In Q3FY25, let's examine the workforce patterns of the top four Indian IT companies:
In Q3FY25, TCS's workforce shrank by over 5,000 workers. As of December 31st, it employed 607,354 people, and over the previous 12 months, the attrition rate for IT services was 13%.
TCS intends to hire 40,000 freshmen from colleges this year, according to media sources.
Infosys In Q3FY25, Infosys added 5,591 net employees, increasing its overall workforce from 3,17,718 in the previous quarter to 3,23,379 personnel.
The attrition rate for India's second-largest software services company was 13.7%, down from 12.9% during the previous September quarter and the same period last year.
In the fiscal year 2024–2025, the corporation is reportedly planning to hire 15,000–20,000 recent college graduates.
Technologies HCL
For Q3FY25, HCL Tech reported a little increase in the attrition rate to 13.2%. During the quarter, 2,134 new employees were added to the workforce. At the end of December 2024, there were 2,20,755 total employees, compared to 2,24,756 during the same time prior year. Reports state that the IT major has lowered its FY25 fresher recruiting goal from the initial estimate of around 10,000 to 7,000.
Wipro
The current fiscal year's December quarter saw a 1,157 decrease in Wipro's workforce. The corporation anticipates hiring 10,000–12,000 freshmen for the upcoming fiscal year 2025–2026 (FY26).
What does the Indian IT titans' Q3 headcount show?
After two years, experts predict that IT companies will increase their workforce due to growth in discretionary spending.
"Discretionary spending is beginning to show signs of improvement. These businesses have been selective in their hiring during the last two years, but things are starting to change. The need for specific skill sets is increasing as a result of upcoming initiatives, according to Sumit Pokharna, vice president of fundamental research at Kotak Securities.
Although there is still some uncertainty surrounding US policy, Pokharna noted that overall, things appear promising because political unpredictability has subsided since the US elections, which has resulted in a little uptick in BFSI clients' discretionary spending. The BFSI industry continues to be a vital source of income.
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