TCS, Infosys increase hiring by 350% in FY19

  • TCS hired 29,287 employees in the financial year ending on March 31
  • Bengaluru-based Infosys added 24,016 software professionals

IANS
First Published23 Apr 2019
The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.
The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.

Bengaluru: Amid a slowdown in job growth across sectors, IT services major Tata Consultancy Services (TCS) and Infosys hired about 42,000 more techies in the recently concluded fiscal 2018-19 than it did in the previous fiscal, registering a growth of over 350 per cent in new hiring, a media report said.

While Mumbai-headquartered TCS hired 29,287 employees in the financial year ending on March 31, Bengaluru-based Infosys added 24,016 software professionals, Fortune reported this week.

So together these two companies added 53,303 employees in the 2018-19 financial year, while they hired just about 11,500 employees in the 2017-2018 financial year.

TCS hired 7,775 employees, while Infosys added 3,743 employees in FY18, the Fortune report said, suggesting that the momentum of hiring in the $167-billion Indian software services industry has started picking up.

In 2019, IT firms are likely to hire professionals with expertise in data science, data analysis, solution architects, product management, digital marketing, Machine Learning and Artificial Intelligence (AI), Blockchain and cyber security, according to experts.

The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.

"Investments in IT re-skilling will increase by around 20% in 2019," said the report on "IT hiring projections for 2019".

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeIndustryHuman ResourceTCS, Infosys increase hiring by 350% in FY19

Most Active Stocks

Bharat Electronics

309.55
10:29 AM | 14 JUN 2024
8.6 (2.86%)

Indian Oil Corporation

170.30
10:25 AM | 14 JUN 2024
1.2 (0.71%)

HDFC Bank

1,597.45
10:28 AM | 14 JUN 2024
16.55 (1.05%)

State Bank Of India

840.20
10:29 AM | 14 JUN 2024
-3.7 (-0.44%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

JK Paper

490.70
10:25 AM | 14 JUN 2024
44.35 (9.94%)

KRBL

310.05
10:22 AM | 14 JUN 2024
23.05 (8.03%)

Poly Medicure

2,003.00
09:59 AM | 14 JUN 2024
142.9 (7.68%)

KEC International

935.20
10:25 AM | 14 JUN 2024
66.25 (7.62%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,950.00647.00
    Chennai
    73,160.00-503.00
    Delhi
    73,663.00-503.00
    Kolkata
    73,016.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsloanPremiumGet App