Tech Mahindra to hire a lot of fresh engineering graduates and MBAs in the coming months

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Tech Mahindra has acquired Eventus Solutions Group for up to $44 million
PTI | Tech Mahindra, through its wholly-owned subsidiary - Tech Mahindra (Americas) Inc, has approved the proposal to acquire 100% equity shares in Eventus Solutions Group, LLC, a regulatory filing said.

Tech Mahindra to hire a lot of fresh engineering graduates and MBAs in the coming months

IT services firm Tech Mahindra on Friday reported a 14.3 per cent rise in its consolidated net profit at ₹1,309.8 crore for the December 2020 quarter.

“The company will hire MBA freshers, engineering graduates, and also laterals for new-age skills in the coming months,” said CP Gurnani, CEO, Tech Mahindra on announcing the Q3 results.

Tech Mahindra’s total headcount at the end of the quarter was 121,901, down by 2,357 over the previous quarter, attributed largely due to increased automation in the business process management business. Gurnani, said to MoneyControl, “In BPO processes, work from home has not necessarily been adopted in every part. So there are some processes which we shifted to automation. And hence there is a drop in the headcount.”

The attrition rate remained 12% for Q3 FY21. “As you would see attrition is relatively low. It is a healthy sign that processes came down and we did not have to rehire people,” Gurnani said.

However, as Tech Mahindra’s Nxt. Now strategy picks pace, the company has a robust hiring plan in place. “the technology modernization cycle continues to gather pace and our positioning of creating Experiences through Nxt. Now has seen us gain significant traction in the market place. We believe that the Future is Now and we are continuously innovating to address this shift in spending,” Tech Mahindra MD and CEO CP Gurnani said.,” he added.

We have identified 190 skills that the company would need for the strategy. “On those 190 skills the first task is to hire people and the second is to bring experts from outside. Thirdly, we are likely to hire a lot of fresh engineering graduates.”

The company also plans to hire few hundred MBA graduates, those with consumer expertise and also people for leadership positions in cloud and AI. In addition to hiring, there is strong focus on talent and skill development.

For the current vacant positions at Tech Mahindra, visit https://careers.techmahindra.com/

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