TCS to add 3,000 staffers this fiscal, may go for IPO

R Ravichandran

Hyderabad, Aug 24: DESPITE the US slowdown inflicting the bottoms of IT majors, Tata Consultancy Services (TCS) has proposed to add 3,000 more staff to its total strength during this fiscal. The company is also considering entering into the market.

In an exclusive talk with The Financial Express, TCS vice-chairman FC Kohli said that the company will continue to recruit people year-by-year and there is no question of bench sitting, or retrenchment. “We are not looking out for experienced staff, we plan to recruit fresh from the campuses and train them as per our needs to meet our future challenges,” he said.

“We never laid off personnel, we never poached, we continue to invest in human resources and we will remain highly profitable,” a confident Kohli said. “We expect to post better results than the NASSCOM projection of 35 per cent,” Mr Kohli said. “We have been growing over the years and will continue to grow.” “If one were to be a good player, they should look at alternative always,” he said, adding, “we are not bothered about the current downtrend in pricing pattern.” “Our focus, in future, would be also in domestic projects like e-governance, banking and financial institutions networking.”

Of the 3,000 fresh recruits, a sizeable chunk is expected to be deployed towards the growing domestic projects. To a question on the proposed public issue, he said that TCS is working on the issue. “Of course, it is in our pipeline, however, nothing has been finalised as such,” he said. When asked to comment on the nature of the proposed issue, Mr Kohli said, “If at all we enter into the market, the company may earmark up to a maximum of 10 per cent to the investors.” Mr Kohli has strictly ruled out entering the hardware sector. “It is not our business to diversify into hardware sector,” he said.