The combined entity resulting from the merger of Tech Mahindra and Satyam Computer Services may hire as many as 10,000 new employees in the current fiscal year, said Vineet Nayyar, chief executive of Tech Mahindra.
The combined entity resulting from the merger of Tech Mahindra and Satyam Computer Services may hire as many as 10,000 new employees in the current fiscal year, said Vineet Nayyar, chief executive of Tech Mahindra.
"We are trying to secure more efficiencies internally. We'll see how it works out, but I think it will be anywhere between five to 10,000 range," Nayyar said.
The two companies together have about 75,000 employees. Tech Mahindra hired 4,413 employees in the first nine months of the last fiscal year that ended in March, while Satyam added 3,014 new staff in the same period.
Tech Mahindra, a unit of Mahindra & Mahindra, bought Satyam in a government-backed auction in 2009 after its founder admitted to one of India's biggest accounting frauds.
The long-awaited merger will create India's fifth-largest software services exporter by revenue.
Copyright @ Thomson Reuters 2012
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