Satyam to increase headcount by fiscal end
Satyam to increase headcount by fiscal end Satyam Computer, India`s fourth largest IT services and BPO firm, plans to recruit more than eight new employees a day in the next six months, with a target to increase its headcount by over 15,000 people, by the end of this fiscal - most of which would be fresh college passouts, reports Business Line. > `Our organisation has 40,000 people today, and at the end of fiscal year (March 2008) we will probably have more than 55,000. Many of the people we bring in, will be straight from college s,` Satyam Computer`s (Q, N,C,F)* founder and chairman Ramalinga Raju said. The company`s projected 55,000-strong headcount would represent over 10-fold jump in its employee strength of 5,067, in the year 2000.
Prior to that, Satyam had a total headcount of 2,255 people in 1998. The aggressive hiring plan come s amid the concerns that the crisis in the US subprime market and the sharp rise in rupee against the US dollar would eat into the coffers of Indian IT and BPO companies, who have a significant exposure in the US and other Western countries.
Shares of the company declined Rs 2.45, or 0.58%, to Rs 418.85. The total volume of shares traded was 1,506,330 at the BSE. (Friday)
