TCS to ramp up headcount

Tata Consultancy Services (TCS) plans to hire more people this fiscal. In 2006-07, it added 32,000 people. Going by just the number of employees, TCS is at fifth position globally. S Mahalingam, chief financial officer (CFO), TCS, said the company would soon ramp up headcount to 5,000 people at its second facility in Beijing. “China is a very important market and we hope it will become as big for us as India,” he said.

TCS has announced its 10 x 10 vision, of reaching revenues of $10 billion by 2010. Referring to the new branding done for TCS, where the tagline is ‘experience certainty’, Mr Mahalingam said the branding exercise was undertaken since the company has gone global, requiring a global image.With a total headcount of 89,419 people, including employees of subsidiaries, a healthy 9.6% employees are non-Indian.

Indications are that TCS will maintain this ratio even after its new hires of over 30,000, this fiscal. Attrition at the country’s leading software services exporter is at 11%, up from its norm of 8-9%. Mr Mahalingam attributed this to the BPO business, which has pushed up attrition. He was speaking at a ceremony where TCS won the CII-EXIM Bank award for excellence 2006.

“We are playing in a market where the offshoreable services market is expected to be worth $135 billion by 2010. So, phenomenal growth is possible especially since only 15% of the market has been captured,” he added. TCS has announced its 10 x 10 vision, of reaching revenues of $10 billion by 2010.

Referring to the new branding done for TCS, where the tagline is ‘experience certainty’, Mr Mahalingam said the branding exercise was undertaken since the company has gone global, requiring a global image.