40,000 freshers from Indian campuses to be hired by TCS in FY22

New Delhi: IT services company Tata Consultancy Services (TCS) will be hiring over 40,000 freshers from campuses in India in the fiscal year 2021-22.

The firm, the largest employer in the private sector with a base of more than 5 lakh employees, had hired 40,000 graduates from campuses in 2020 and will do better on that number, the company's chief of global human resources Milind Lakkad said while speaking to reporters.

The company also said there is no dearth of supply of talent in India, dismissing concerns by startups and rivals over rising wages for tech talent in the country.

"There is no depth of supply, as far as India is concerned. There's nowhere else in the world that you will get such phenomenal talent and the scale that it will get in India," said NG Subramanian, chief operating officer of TCS. "If somebody says that the Indian talent is becoming more expensive and salaries are higher than Poland and Eastern Europe because that's available at lower cost, I will be very surprised because we are into this globally."

Subramanian said India's technology talent salaries are highly competitive and that is the reason why global companies are eyeing the country's talent.

TCS will also hire more than 2000 people from campuses in the US and Latin America as the company looks to replicate its successful model in India of hiring fresh graduates and train them to execute projects for clients.

TCS added 20,409 employees in the quarter ending June 2021, the highest ever in a quarter, taking the total employees to over 500,000.

"The workforce continues to be very diverse, comprising 155 nationalities and with women making



up 36.2% of the workforce," the Tata group company said.

Milind Lakkad, Chief HR Officer, said: "During the months of April and May, the second wave of pandemic has been quite demanding for the TCS Family. Our thoughts are with the families who suffered personal loss despite our best efforts. I want to acknowledge the temperament and personality of our associates who stood by each other in these stressful times. We continued to place a premium on associate health and wellbeing and have taken vaccination as a priority for all our associates, dependents and contract staff. "

"In less than two months, over half a million associates and family members and over 70 percent of our associates have been vaccinated, and we are on track to vaccinate all TCSers and families by September," he said.

TCS registered Rs 45,111 crore in revenues for the quarter, up 18.5 percent year-on-year (YoY) and Rs 9008 crore in net profits, a 28.5 percent YoY growth.

The company signed deals worth $8.1 billion in the first quarter of the year.

Speaking a day after the company announced its June quarter results, which showed a setback on its India business, Gopinathan said the 14 per cent dip in revenues sequentially does not represent any cyclicality in business and was purely out of its businesses like online exams and passport making coming to a "standstill" because of the lockdowns.

He said the company had faced similar troubles during the first lockdown as well in the first quarter of the financial year 2020-21 and added that though the announcements were about local lockdowns, they impacted activity across.