Hirings at mid-tier tech firms to outpace Big Five this fiscal

Stock jumps 31% on listing day, market capitalization eclipses older peers

- Jas Bardia

India's mid-sized tech services companies, which have grown business at a steady trot quarter after quarter while their bigger peers get buffeted by artificial intelligence (AI) headwinds, are expected to hire more and also end with more people on rolls this fiscal, continuing a two-year trend into its third.

Hiring experts expect the second-tier information technology, or IT, services firms to achieve this feat on the back of shorter projects, agile operations, and faster overall growth amid uncertain demand.

This projection is based on trends of the past few years and current growth trajectory holding out for the remaining four-five months of this fiscal year.

The mid-sized IT firms under consideration include LTIMindtree Ltd, Coforge Ltd, Mphasis Ltd, Persistent Systems Ltd, Hexaware Technologies Ltd, Sonata Software Ltd, L&T Technology Services Ltd and Firstsource Solutions Ltd, which make between $1 billion and $5 billion in revenue a year.