What are your growth plans for the India market?
We have been in India for a little over a decade, and we have grown from less than a thousand people when we first started to about 80,000 people.
We plan to hire about 20,000 people by the end of this year, surpassing the 100,000 mark.
There is a significant uptick in the hiring of net new incremental jobs. It's not backfilling attrition. We have a fairly strong technical development centre in Hyderabad, but we are also seeing an increase in need, so we are looking at opening a second development centre within India at scale.
There is no other place in the world where you can scale up as much as you can in India around banking and financial services and health care, both from the point of view of the quality of staff and the depth of expertise you can get.
Are they mainly engineering talent that you will hire?
About 40 per cent of the talent will be in technical development roles, about 20 per cent will be in revenue sales generation, and the rest will be operational delivery talent.
Bu hikaye Business Standard dergisinin May 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
A-I's Rise Could Impact 3 Gulf Hubs: Saudia
Air India (AI)'s rise could be at the expense of three "super-connector" hubs Doha in Qatar, and Dubai and Abu Dhabi in the UAE as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, Chief Commercial Officer of Saudia Airlines, said on Thursday.
Back To Basics: Paytm's Focus Is Payments And Distribution
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders.
Nvidia Overtakes Apple As Second-Most Valuable Company
Valuation tops $3 trn; the last time it was worth more than iPhone maker was in 2002
Trai dials National Numbering Plan tweak
The Telecom Regulatory Authority of India (Trai) on Thursday issued a consultation paper on revising the National Numbering Plan to create a sustainable pool of new phone numbers for the country's nearly 1.2 billion mobile phone connections.
South, East India accounted for 67% of heatwave days in 2023
The number of heatwave days in east and southern peninsular India during peak summer in 2023 almost doubled and accounted for nearly two-thirds of the total heatwave days experienced across the country, the latest data released by the National Statistical Office (NSO) showed.
Monsoon reaches Maharashtra: IMD
Southwest monsoon reached Maharashtra on Thursday, bringing respite to the state where many parts have been reeling under scorching heat and severe water shortage.
EV portfolio to drive Uno Minda growth
The stock of auto component maker Uno Minda jumped 13 per cent on Thursday after it announced a technical licensing agreement with ChinaInovance based Suzhou Automotive Company.
New govt to boost infra sector, but expect some hurdles
The general elections inevitably led to a slowdown in government projects through Q4FY24 and Q1FY25 with muted activity.
Markets extend gains as govt formation nears
Sensex jumps 692 pts, Vix slumps for 2nd day
MF platforms face backlash over delay in unit allotments
Several investors wanting to invest in mutual fund (MF) schemes, amid the selloff in the market on Tuesday, were left in the lurch as online MF investment platforms failed to execute the transactions on time.