TCS mulls to hire 30,000 in FY11

Tata Consultancy Services (TCS), the country's largest software exporter by revenue, today said it plans to hire a total of 30,000 people across India, Latin America, the US and Australia, in the next fiscal starting April 1, 2010.

"We are looking at a gross addition of 30,000 in fiscal 2011. About 70 per cent will be freshers and 30 per cent will be experienced professionals," TCS' Chief Executive Officer and Managing Director N Chandrasekaran told reporters here.

The IT major said it will maintain its usual ratio between overseas and Indian recruitments while hiring.

"We will be hiring across various concerns like analytics, programme management and so on. About 2,000 will be recruited internationally mostly from Latin America, the US, Australia and other countries," he said.

During the October-December quarter, TCS had a gross addition of 12,854 employees. Its total headcount across 42 countries stood at about 1,49,000, as of December 31, 2009.

Chandrasekaran said the IT environment is getting better with every passing month as verticals like BFSI (banking, financial services and insurance), retail and utilities increased their technology spends.

The overall picture, however, is far from perfect, he added. "I am optimistic but not overly bullish. Business recovery is happening across sectors and markets led by (increasing IT spends from verticals like) financial services, retail and utilities," he said.

"The Continental Europe market is lagging behind. I expect that market along with the manufacturing and telecom sectors will recover as the year goes by," Chandrasekaran added.

TCS had yesterday said that it is currently witnessing an eight to ten per cent growth in revenue from domestic operations and was eyeing a double-digit growth in the next two-years as the deal-cycle has returned to pre-crisis levels.

Chandrasekaran said the company was looking at acquisitions but there was "nothing special on the cards yet".