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Home>>Business>>TCS employee count crosses 500,000, highest ever new hires in Q
Business

TCS employee count crosses 500,000, highest ever new hires in Q

international media news
July 9, 2021 140 Views0

India’s largest IT services firm TCS added 20,409 employees in the quarter ending June 2021, highest ever in a quarter, taking the total employees to over 500,000.

“The workforce continues to be very diverse, comprising 155 nationalities and with women making up 36.2% of the workforce,” the Tata group company said.

Milind Lakkad, Chief HR Officer, said: “During the months of April and May, the second wave of pandemic has been quite demanding for the TCS Family. Our thoughts are with the families who suffered personal loss despite our best efforts. I want to acknowledge the temperament and personality of our associates who stood by each other in these stressful times. We continued to place a premium on associate health and wellbeing and have taken vaccination as a priority for all our associates, dependents and contract staff. “

“In less than two months, over half a million associates and family members and over 70 percent of our associates have been vaccinated, and we are on track to vaccinate all TCSers and families by September,” he said.

TCS registered Rs 45,111 crore in revenues for the quarter, up 18.5 percent year-on-year (YoY) and Rs 9008 crore in net profits, a 28.5 percent YoY growth.

The company signed deals worth $8.1 billion in the first quarter of the year.

Samir Seksaria, Chief Financial Officer, said: “We crossed the $6 billion milestone in quarterly revenue this quarter. In addition to our annual salary increase and promotions, we undertook one of the largest vaccination drives in the private sector. Despite this and headwinds in regional markets, we expanded our Q1 operating margin year on year, reflecting the inherent resilience of our business model. Looking ahead, we stay focused on making the right investments to power our expansion in the growth and transformation opportunity, while sustaining our industry-leading profitability.”

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