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The IT industry in India has reached an inflection point where it is playing with a lot of trends. As per Statista, the total revenue generated by the IT industry in India was over 195 billion U.S. dollars in 2021. Here are the top 10 companies hiring IT professionals in India in 2023.
Tata Consultancy Services is an Indian multinational information technology services and consulting company headquartered in Mumbai. It is a part of the Tata Group and operates in 149 locations across 46 countries. TCS, which now employs over half a million people including 200,000 women, promoted 110,000 employees between April and December 2021. Eyeing $50 billion in revenue by 2030, India's biggest IT services company is considering rejigging its operational structure to boost efficiencies.
Accenture plc is an Ireland-based multinational professional services company specializing in information technology services and consulting. A Fortune Global 500 company, it reported revenues of $50.53 billion in 2021. With Accenture experiencing double-digit growth "across markets, industries and services", it has raised its revenue growth projections for the year.
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's top companies build more substantial businesses. The New Jersey-headquartered company is looking to retain talent by offering promotions and higher bonuses as well as investing in employees' training and development.
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. By onboarding over 1.2 million users on its digital re-skilling platform, Infosys is trying to solve the massive talent shortage in the IT space. The company has hired more than 55,000 college graduates in FY22 and is planning to recruit even more in FY23.
Capgemini is a French multinational information technology services and consulting company. It is headquartered in Paris, France. The French IT major will hire more than 60,000 employees in India this year. Around half of Capgemini's workforce is in India, where it is looking to build solutions that can be shipped overseas. Capgemini plans to double down on emerging technologies like quantum computing, the metaverse, and synthetic biology, besides working on 5G-based enterprise-grade solutions.
Wipro Limited is an Indian multinational corporation that provides information technology, consulting, and business process services. It recently acquired US-based cybersecurity consultancy Edgile and collaborated with biotech firm Pandorum Technologies to accelerate research on regenerative medicine. Wipro also started a return-to-work program last year targeted at women looking to kickstart their careers after a break. In the fiscal year 2023, Wipro plans to hire around 30,000 freshers, up from 17,500 in FY22.
International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The tech giant has acquired around 20 companies since April 2020 to bolster its hybrid cloud consulting capabilities. IBM plans to expand in and hire from non-metro cities as it looks to cast a wide talent net. IBM is targeting a comprehensive growth strategy for 2022, with a focus on building development centers that will drive growth for its software portfolio.
HCL Technologies is an Indian multinational information technology services and consulting company headquartered in Noida. It is a subsidiary of HCL Enterprise. It's almost doubling its fresher hiring target from around 22,000 in FY22 to 40,000-45,000 in FY23 to meet the demand-supply gap for tech talent. The company has introduced a 5-year compensation visibility roadmap for new joiners and mid-level managers as a retention measure. Last month, the company launched two 5G applications, built on its Augmented Network Automation Platform.
Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate, with business interests in engineering, construction, manufacturing, technology, and financial services, headquartered in Mumbai. The company is counted among the world's top five construction companies. While many companies are focusing on hiring freshers, Larsen & Toubro is focusing on creating talent that is groomed for industry requirements: the company launched an app-based learning platform late last year.
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network with offices in over 150 countries and territories around the world. Nearly 15% of Deloitte's 345,000 employees are in India, a number the professional services firm estimates will hit 25% in three years. The company intends to reach tier 2 and tier 3 cities to boost workforce diversity and offer flexibility to employees.
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