Infosys to hire 25,000 techies
Of the proposed hiring, about 18,500 employees will be absorbed by Infosys and the balance by its BPO subsidiary.india Updated: Apr 14, 2006 17:19 IST
Infosys Technologies Ltd would be hiring a whopping 25,000 people during the current fiscal year (2006-07) for ramping up its total employees' strength to over 75,000, a top company official said on Friday.
"We will be making a gross addition of 25,000 over the next four quarters of the current fiscal (FY 2007) to meet our human capital requirements for the robust growth projected," Infosys CEO, President and Managing Director Nandan M Nilekani said.
Of the proposed hiring, about 18,500 employees will be absorbed by the parent company (Infosys) and the balance 6,500 by its BPO subsidiary Progeon.
"We have already made 6,800 campus offerings for the current fiscal. We are also recruiting about 300 graduates from the US universities to absorb them as part of our global workforce.
"The US graduates with engineering and liberal arts background will undergo training at our Mysore global education centre for nine months before deploying them in our global operations," Infosys board member and CFO TV Mohandas Pai told reporters.
During the just concluded fiscal year 2005-06, the Bangalore-based IT bellwether hired a record number of people to cross the 50,000 mark in its total headcount for the first time.
With a gross addition of 5,170 employees in the fourth quarter (January-March) of FY 2006, the company hired 22,868 people for the entire fiscal under review, taking its total number of employees to 52,715 as against 36,750 at the end of FY 2005.
The headcount includes employees of Infosys' subsidiaries in the US, Australia and China and its BPO outfit.
But with an attrition rate of 11.2 per cent during FY 2006 as against 9.7 per cent in FY 2005, the company made a net addition of 15,965 employees for the whole year and 3,293 people for the fourth quarter.
According to a company statement here Friday, the company has 49,495 software professionals at the end of March 31, with trainees accounting for 5,028 people.
The Rs 95 billion (approx $2 billion) global IT major has nine software development centres in the subcontinent and four overseas centres in Australia, China, Mauritius and the US, besides sales and marketing offices in 45 countries the world over.
During FY 2006, about 100 students from China and another 100 from Mauritius underwent training at its Mysore facility.