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Tata Consultancy Services would soon become the second largest employer in the world surpassing Hewlett-Packard and could even inch closer to the current leader IBM. At present, TCS is the world’s third largest employer of people in the technology sector having over 3 lakh employees.
In India, it’s one of the biggest creators of jobs in recent years. There are perhaps no other company which has more employees other than government departments like the Indian Railways and India Post, and PSU companies like Coal India. Interestingly, when the government departments are mostly reducing their staff strength, TCS numbers are rising each year by between 25,000 and 35,000.
In the last fiscal year, the $13.4-billion company hired 61,200 people, with the net addition being 24,268, discounting those who left the company. The net addition in each of the past several years has been along similar lines or higher.