Tech Mahindra drives utilisation through lower headcount in FY18

The revenues in the financial year grew 5.6 per cent to Rs 307.73 billion, while EBIDTA grew 12.6 per cent, with EBIDTA margins touching 15.3 per cent

Tech Mahindra, India’s fifth-largest IT services company, has utilised its workforce to the maximum in FY18, not just by reducing headcount but also by improving employee utilisation levels and focusing on more need-based hiring. 

Over the past year, Tech Mahindra reduced its total headcount (software plus BPO business) by 4,886. The most noticeable difference in headcount is in the software arm which shed size by 9,966 employees. In FY17, the Pune-headquartered company had added 10,278 software professionals to its workforce while the overall workforce increased by 12,261.

These changes came in a year when the organisation was riddled with allegations