Indians will be 50% of global workforce: Capgemini

Dec 06 2010, 21:45 IST
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SummaryThe company is tipped to have about 31,000 employees in India by the end of December, 2010.

French IT consultancy firm Capgemini said it expects the size of its Indian workforce to grow to about 50 per cent of its total global headcount within the next three to five on the back of organic growth initiatives.

The company is tipped to have about 31,000 employees in India by the end of December, 2010, with the net addition of around 11,000 personnel to its payrolls during the course of the year.

"We expect the local market to grow over 40 per cent this year, which will continue next year. In the mid-term, over the next 3-5 years, we expect 50 per cent of our global workforce to come from India through purely organic growth," Capgemini India Executive Chairman Salil Parekh said on sidelines of The Indo-French CEOs Forum here today.

While gross employee additions by the company during the year stood at 17,000, the net addition was only about 11,000, he added.

The company, which offers consultancy, systems integration, infrastructure management and BPO services, has 40 clients locally.

In November, the Capgemini Group had reported a consolidated revenue of 2,105 million euros for the third quarter of 2010, 8.2 per cent higher than in the same quarter of 2009.

The earnings of the company's outsourcing division were particularly noteworthy, with the trend for early renewal of major contracts observed in the first half of 2010 continuing into the third quarter.

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