Tata Consultancy Services (TCS) is planning to hire 25,000 resources from campus for the next fiscal, while its rival Wipro will go slow on hiring.
TCS, India’s largest software services provider, on Thursday said it will soon complete campus hiring for the next fiscal, which it has pegged at 25,000.
“We have already hired close to 21,000 and the remaining will also be completed shortly,” TCS global HR head Ajoy Mukherjee told reporters on the sidelines of the annual Nasscom leadership summit here.
TCS has already visited 350 campuses to recruit the remaining 4,000 people, adding a number of institutes have requested TCS to visit them.
TCS has made the campus hiring online. Mukherjee, however, said that the non-campus hiring plan for the next fiscal is still being worked out and will be announced at the time of the fourth quarter results, PTI reported.
TCS is still finalizing the business plan for the next fiscal and has not yet decided on the off-campus hiring yet, he added.
Meanwhile, Wipro, country’s third largest IT services provider, painted an optimistic picture on the growth front in FY 2015 but also cautioned that hiring will not be commensurate with the revenue expansion.
“We expect the coming fiscal (FY15) to be better than last one (2013-14). However, hiring will not keep pace with growth,” Wiproexecutive director TK Kurien told reporters on the sidelines of the Nasscom Leadership Summit here.
Industry body Nasscom had said the industry will grow by 13-15 percent in FY 2015 to touch $97-99 billion mark, up from the 13 percent expected in the ongoing FY 2014. The industry body had marked the US Immigration Bill as a key concern for the next fiscal.
Stating that the growth has picked up on the back of recovery in the US market, Kurien said, “However, the concerns on the US Immigration Bill remains there”.
According to a report, the Bangalore-headquartered Wipro employs 145,000 people globally in 98 countries.
The company had posted a net profit of Rs 2,047.90 crore for the quarter ended December 2013, as against the Rs 1,483 crore in the year ago period.