HCL Tech to double headcount in nearshore locations

By VARINDIA - 2022-05-17

HCL Tech to double headcount in nearshore locations

IT services company HCL Tech plans to double its headcount in nearshore locations over the next 3-5 years. The company operates from 20 nearshore locations including Mexico, Toronto, Vancouver, Costa Rica and Romania.

 

The company employs about 10,000 people in all its nearshore locations, globally. Apart from lateral hiring, the company is looking to hire 35,000-40,000 freshers this year depending on demand, attrition and other factors.

 

CEO C Vijayakumar said, “We expect that number to double over the next 3-5 years. Whatever ongoing ramp-up plans in these locations, they are on track and these locations are also growing for us. It's not completely new locations, some of our existing locations may expand, like Vietnam, Romania, Costa Rica, Mexico and a few centres within the US... these are the locations where we will expand.”

 

The company does not have any presence in Russia or Ukraine. Its Eastern European centres are in Poland, Romania and Bulgaria and all of them are continuing to operate at similar capacity levels. The demand from Europe remained quite robust and the company has not seen Russia-Ukraine conflict impacting demand.

 

HCL Technologies had recently reported over three-fold jump in its consolidated net profit for the fourth quarter ended March 2022 at Rs 3,593 crore. The revenue from operations for the entire fiscal up to March 31, 2022 was Rs 85,651 crore, up from Rs 75,379 crore in FY21.



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