Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsBusiness

Tech Mahindra headcount declines by 4,000 in FY21, to accelerate pace of hiring in FY22

“We are not giving any firm guidance but we are looking at double-digit organic growth. To sustain the double-digit organic growth you also need to have a right level of hiring," said CP Gurnani, CEO & MD.

April 26, 2021 / 08:19 PM IST
Chief Executive Officer and Managing Director of Tech Mahindra CP Gurnani. REUTERS/Giorgio Perottino - RTX1YNFP

Chief Executive Officer and Managing Director of Tech Mahindra CP Gurnani. REUTERS/Giorgio Perottino - RTX1YNFP

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

IT services firm Tech Mahindra saw its headcount decline by 4,182 even as it looks at double-digit organic growth this fiscal. According to the firm, it will accelerate its hiring in the next few quarters with strong deal pipeline in place for FY22.

Speaking to media on April 26 during earnings announcement, CP Gurnani, CEO & MD, said, “We are not giving any firm guidance but we are looking at double-digit organic growth. To sustain the double-digit organic growth you also need to have a right level of hiring.”

“We are the net hirer for the next two quarters and will be adding 8-10 percent people over the next two quarters,” Gurnani added.

The company will also have a huge focus on skilling, future skills readiness, and hiring to make sure that the company has right supply chain and right balance between growth and utilisation, the CEO said.