April 28: Mahindra Satyam plans to step up hiring plans in the current fiscal as business sentiment improves for the Indian IT industry. “We plan to hire over 12,000 experienced professionals by the end of the fiscal year 2012,” Dr M.V. Sridhar, the head of recruitment, Mahindra Satyam, told this correspondent. The company has already given offer letters to 5,000 freshers, who are expected to join in June.
However, he said the lateral hiring would be spread over a year, with the recruitment of 1,000 people each month from across the world.Apart from the globally improved business sentiment, the company hopes to bag more clients as the IT major gained eligibility to bid for bigger projects following the restatement of its accounts. The Hyderabad-based company previously could not bid for some projects, which required certain financial pre-qualification.
Currently, Satyam has a total headcount of around 30,000. This year’s hiring would take the company’s headcount to 47,000 — just 6,000 less than its pre-crisis staff strength of 53,000. According to staffing firm TeamLease Services, the overall hiring sentiment is bullish in IT and ITeS sectors. “The hiring intent in IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune,” it said. Mahindra Satyam, which is projecting itself as an information communication technology firm to cash in on TechMahindra’s expertise in the telecom vertical expects health and BFSI to be its growth areas in the current financial year.