L&T Infotech, a part of the Larsen & Toubro conglomerate has announced to hire 5,500 freshers for the financial year 2022 amid high attrition. Earlier, the company’s target was to hire 4,500 freshers in this fiscal.
L&T Infotech Limited is an Indian global Information technology solutions and services company based in Mumbai, India. In 2017, NASSCOM ranked L&T Infotech as the sixth-largest Indian IT services company in terms of export revenues.
Sanjay Jalona, CEO & MD, L&T Infotech said, “We’re is building a bigger talent pool via fresher hiring, non-tech hiring, upskilling of in-house talent and more on the back of broad-based demand from the new normal across industries and newer areas like ESG and cybersecurity,”
“We are going to hire 1,000 more freshers as announced in March ending quarter. The industry is facing more voluntary resignations and a rise in attrition. I think this will continue for three more years,” he added.
He further said, “At L&T Infotech, we believe in creating a culture of innovation, which reflects in everything we do. Empower yourself with possibilities that will take you to newer heights and will open to you newer avenues. Experience a vibrant work environment, brimming with new ideas, diverse people, and the innate drive to excel,”
“We continued to hire last year, we were getting the crème de la crème of the market, and we plan on increasing hiring today because we need to stay competitive and create an exciting workplace for people who can play a bigger role.” he added.
The total headcount of L&T Infotech was up by over 4,000 to 42,382 workers in the second quarter, but its attrition rate increased to 19.6% from 15.2% in Q1, March ending quarter.
The company has announced its Q2 results for FY22 on October 18. Commenting on Q2 results Sanjay Jalona, Chief Executive Officer & Managing Director said, “We are happy to report the strongest sequential revenue growth and best-ever Q2 of 8.9% in constant currency terms,”
“As we cross the $ 2 billion annual revenue run rate, we continue to remain committed to growth in the future. We are witnessing strong demand and are rapidly scaling up on the supply-side with our headcount up 31% year on year.” He said.
