Mindtree added 1,823 employees to workforce, 12.1% attrition

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Mindtree added 1,823 employees to workforce, 12.1% attrition

L&T-owned, information technology, and outsourcing company, Mindtree on Friday reported its Q4 (quarter ending on March 2021) results. The company announced a consolidated net profit of Rs 317.3 crore.

Its revenue from operations stood, in rupee terms, at Rs 2,109.3 crore, clocking an improvement of 3 per cent YoY from Rs 2,050.5 core reported in Q4FY20. The same was up 4.2 per cent QoQ from Rs 2,023.7 crore logged in the December quarter of the current fiscal.

  • Mindtree reports 12.1% attrition
  • Added 1,823 employees since March 31, 2020.
  • A consolidated net profit of Rs 317.3 crore in the January-March 2021 quarter

The company has also announced an improvement in its attrition rate from 17.4 per cent to 12.1 per cent.

Debashis Chatterjee, Chief Executive Officer, and Managing Director, Mindtree said, “We are proud to deliver another strong quarter, driven by significant traction in our client portfolio globally, leading to revenue growth of 5.2 per cent, Ebitda of 21.9 per cent, and an order book of $375 million at the end of Q4,” said

“As we enter FY22, we are confident that continued client demand for our transformative services, a strong order book, and our strategic investments positions us well to deliver double digit growth and sustain EBITDA above 20 per cent,” Chatterjee added.

Mindtree has total headcount 23,814 employees now, including the addition of 1,823 employees since March 31, 2020.

Founded in 1999, Mindtree Ltd is an Indian multinational information technology and outsourcing company, headquartered in Bangalore, India. It is a part of the Larsen & Toubro Group.

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