L&T Infotech (LTI), part of Larsen & Toubro Group will be hiring 4,500 freshers this year compared to 3,000 in the last year.
While announcing the Q1 results of the Financial Year 2021-22 Sanjay Jalona, CEO and MD of L&T Infotech said, “We added 2,000 people in the last quarter and 2,300 people net this quarter. We are committing to adding 4,500 freshers this year,”
He said, “It was 3,000 last year. We have a lot of confidence when we commit to these numbers because our entire assets are our employees,”
“We will continue to be in the leaders’ quadrant of growth given our exit velocity and deals pipeline,” he added.
The company is looking to hire more locally in some of our stronger global markets. “It is very important for us to invest in the geographies we operate in.” he said.
“Over the past many years, we have done two things: first is we increased offshoring. We bring more value for every dollar the customer spends. If there is somebody with 30 per cent onsite and we are 18 per cent, automatically for the same dollar we can provide a lot more to the customer,” Jalon said.
“Secondly, the company has invested heavily in hiring local talent. We have created local geography-based development centres. We have done acquisitions too which helped us find more people in Europe and the US,” he added.
Currently, the company has a total headcount of 38,298.
The company has reported a higher attrition rate for the first- quarter 15.2% compared to 12.3% in the previous quarter Q4FY21
Larsen & Toubro Infotech Limited is an Indian global Information technology solutions provider and services company based in Mumbai, The Company solves complex business challenges at the convergence of digital and physical with real-world expertise & client centricity.
India. In 2017, NASSCOM ranked LTI as the sixth-largest Indian IT services company in terms of export revenues.