Mahindra Satyam to hire nearly 17,000 this fiscal

As business sentiment improves for the country's IT industry Mahindra Satyam will hire nearly 17ooo people this fiscal.

PTI | May 23, 2011



In an indication of its turnaround process, IT firm Mahindra Satyam on Monday said it will hire nearly 17,000 people this fiscal as business sentiment improves for the country's IT industry.

"We will hire more than 12,000 people this fiscal and another 5,000 will be hired from campuses, either from engineering or management colleges," Mahindra Satyam, Head of recruitment, M V Sridhar told PTI. Currently, Satyam has a total headcount of around 30,000. This year's hiring would take the company's headcount to about 50,000, about 3,000 less than its pre-crisis staff strength of 53,000.

The company has posted a consolidated net loss of Rs 327 crore for the quarter ended March 31, 2011, on account of exceptional expenditure, including payments made to settle SEC and Upaid lawsuits in the US. Revenues for the fourth quarter registered a growth of 7.5 per cent vis-a-vis the previous quarter to Rs 1,375.3 crore.

After its founder Ramalinga Raju confessed to a multi-crore accounting fraud, Satyam Computers saw the exodus of many of its employees and mid-level executives. Since then, the company has been acquired by Tech Mahindra and has been rebranded as Mahindra Satyam.
 

Comments

 

Other News

Monsoon session of parliament adjourns sine die

The Monsoon Session, 2026 of Parliament which commenced on July 20 was adjourned sine die on Thursday. The session provided 19 sittings spread over a period of 25 days.   During the session 11 Bills were introduced in Lok Sabha and 2 Bills were introduced in Rajya Sabha. 12 B

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter