Tata Technologies to hire additional 1,000 people in FY-23 to support growth

In January, the company had announced plans to hire over 3,000 innovators over a 12-month period under its expanded talent acquisition programme.

Tata Technologies, a global engineering and product development digital services firm, will hire at least 1,000 more people in FY-2023 than its planned recruitment of over 3,000 innovators over a 12-month period to fulfil the requirements of customers as its business growth accelerates, according to a top company official.

In January, the company had announced plans to hire over 3,000 innovators over a 12-month period under its expanded talent acquisition programme. It had planned to ramp up its workforce in all major markets globally and India, including Maharashtra, Karnataka and Tamil Nadu, among other parts of the country.

"That speaks to the fact that increasingly, we are not opportunities constrained. We are very much supply-side constrained and so the investments that we are making are biased towards building the type of capacity and capability that will enable us to fulfil the requirements of our customers," Tata Technologies Managing Director and CEO Warren Harris told PTI.

He further said that just to give a sense of how successful the company has been in that area, in the third quarter of this fiscal alone, the firm recruited over 1,500 people. "So the commitment to 3,000 is somewhat understated...we will hire a significant number above the 3,000 in fiscal 2023."

When asked to elaborate on how significantly higher will be the hiring, Mr. Harris said, "In terms of above the 3,000, we are putting together the business plan for next year but I would expect us to exceed the 3,000 by at least 1,000 people."

Tata Technologies has been growing rapidly on the back of the move to autonomous, connected, electrification and shared (ACES) mobility and accelerated investment in digital as manufacturing companies adapt to meet new and evolving customer needs.

In the third quarter ended December 31, 2021, the company had posted its best-ever quarterly performance with operating revenue of ₹ 1,034.1 crore and profit before tax of ₹201.2 crore.