Airtel onboarded over 7000 hires in FY23

Airtel onboarded over 7000 hires in FY23
Additionally, The company has Rs 101 million on training its employees in the current fiscal year. In the FY22 it has spent 95 million.

India’s leading telecom provider company, Airtel has onboarded 7,248 new employees in FY23. However, the company had onboarded 4,862 new employees inducted in FY22.

Additionally, The company has a budget of Rs 101 million for training its employees in the current fiscal year. In FY22 it has spent 95 million.

In the fiscal year 2023, Airtel’s workforce consisted of 17,292 permanent employees and 52,299 contractual employees. In FY22 the company had 14,774 permanent employees and over 53,000 contractual employees.

Bharti Airtel Limited announced its audited consolidated results for the first quarter ended June 30, 2023.

Q1FY24 Performance:

Airtel consolidated revenues for Q1’24 at Rs 37,440 crore grew 14.1% YoY. Consolidated mobile data traffic at 15,078 PBs in the quarter with a healthy YoY growth of 22.7%.

India revenues for Q1’24 at Rs 26,375 crore, increased by 13.1% YoY. Mobile revenues grew by 12.4% YoY on account of improved realisation as well as strong 4G customer additions during the year. ARPU for the quarter stood at Rs 200 as compared to Rs 183 in Q1’23 on the back of a sustained focus on acquiring quality customers and improved realizations on account of premiumization.

In a statement, Gopal Vittal, MD, said: “We have delivered yet another quarter of strong and competitive growth across all our businesses. Our consolidated revenue grew sequentially by 4.0%, and EBITDA margin expanded to 52.7%, underscoring the simplicity and execution of our strategy.”

“Our focus on winning quality customers and driving premiumization has helped us add 5.6 Mn new 4G customers and the highest ever postpaid customers in any one quarter. We exit the quarter with an industry-leading ARPU of Rs 200. Homes, Enterprise, and our digital businesses continue to exhibit strong growth momentum, reflecting the resilience and strength of our overall portfolio. We continue to make strides on our ESG agenda and in leading the charter in India for sustainable practices”, Gopal Vittal added.

An Indian conglomerate, Reliance ADA Group or simply Reliance Group hired 2.6 Lakh people in FY2022-23 as growth picks up. RIL increased its overall workforce. It hired a significant number of new employees, with 262,558 fresh hires in FY23 and 19.3% women employees contribution in the company.

Headcount Decrease

Cognizant total headcount at the end of the second quarter was 345,600, a decrease of 5,900 from Q1 2023 and an increase of 4,300 from Q2 2022.

Amid the global layoffs and economic uncertainty, recently, India’s IT companies Infosys, Wipro, and HCL Tech have also reported a drop in head counts.



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