Larsen & Toubro Infotech (LTI) is gearing to expand its team by 5,500 freshers in the financial year 2022. It is working on increasing the size of its pool of experts by not just hiring more freshers, but also by hiring non-technical people and upskilling its existing in-house experts. The tech consulting and digital solutions company had earlier planned to hire only 4,500 freshers. However, given the surge in demand for talent and the rising attrition, globally, it has increased this figure by 1,000.
This hiring is required for the Company to maintain a competitive edge. It plans to follow the hire-train-deploy model, wherein it will take on non-technical people, provide them training for about six months and assign them technical roles. The Company has bagged many lucrative projects and hopes to take advantage of the move towards digitisation by organisations the world over. Moreover, clients have realised the financial advantage of moving DevOps projects offshore.
Larsen & Toubro Infotech concentrates on the banking, financial services and insurance (BFSI) vertical, which accounts for nearly half of its revenue. Not long back, LTI acquired Syncordis and Nielsen + Partner to enhance its performance and abilities in this area.
The workforce strength of LTI rose by more than 4,000 in the second quarter, reaching 42,382 employees. However, its attrition rose to 19.6 per cent from the earlier 15.2 per cent.
It does have a promising deal pipeline, which makes it confident of growth.
Recently, LTI entered into a strategic collaboration with eClinicalHealth to give a push to digital innovation in the R&D clinical trials management process for patient-centric drug development. The partnership will help customers decentralise clinical trials, setting new benchmarks of excellence in the clinical research space.