HCL Technologies stands out in the IT sector, adding 2,725 employees in Q4, defying industry trends. With 3,096 freshers onboarded, totaling 12,141 for the year, HCLTech's workforce now reaches 227,481.
Notably, it recorded a mere 1,537 YoY increase. Attrition dropped to 12.4%, a notable achievement. Ramachandran Sundararajan, Chief People Officer, attributes this success to enhanced people practices and investments.
In contrast, other top Indian IT firms experienced declines in headcounts. HCLTech's robust performance extends to its financials, with Q4 net profit at Rs 3,986 crore and a revenue surge of 7.1%. For FY24, revenue climbed 8.3% to Rs. 109,913 Crores, with net profit growing by 5.7% to Rs 15,702 crore.