MindTree, the global IT and product engineering services company will recruit over 4,000 fresh campus graduates this year. This comes as a giant leap from the 1,800 fresh graduates absorbed by the company in the previous year.
“Now conducting a business of over $100 billion, the IT industry is pegged to double itself by 2020. By increasing our intake, we are taking a long view of the business and preparing ourselves for the success,” said Subroto Bagchi, vice-chairman, MindTree Ltd, after the inauguration of the firm's own facility here on Thursday.
He, however, said that the company is exercising a certain amount of conservatism as the IT industry is shifting from being cost to revenue driven. “Spending is no longer bravado, much in contrast to the Dotcom days,” he said.
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Emphasising on the high expertise, high impact nature of the company, Bagchi said that “Although we have only 11,000 employees all over and are not a volume player, all 1.2 billion Indians, including marginalised sections, will now authenticate themselves on Aadhar's (UID) platform developed by us.” The company aims at making the 43,250 sq ft new facility, located at Divyasree Orion, Raidurg, a ‘global centre of Excellence for Cloud Computing'. MindTree's another new facility is under construction at Bhubaneswar, and will be operational within a span of five years. It will be the company's fifth centre besides those in Hyderabad, Chennai, Pune and Bangalore. With over 60 per cent of the company's business coming from the European market, Mr. Bagchi said that the experience with Indian clients have been very disappointing when compared to those abroad. “World class buyers are more in the loop and put their skin into the game. Here we still have a feudal mindset where companies are treated as ‘vendors' and not ‘partners',” he said.