IT services company Virtusa Corporation goes on a hiring spree

Virtusa Company — a $1.2 billion US headquartered IT companies firm with a big worker base in India — is on a hiring spree. It added practically 6,000 workers within the final one 12 months, and plans so as to add the same quantity subsequent 12 months as enterprise seems to be up in sectors like healthcare, life sciences, hi-tech and BFSI.

“We crossed a complete worker headcount of 30,000 within the second quarter,” stated Sundararajan Narayanan, Chief Folks Officer & Govt Vice President, Virtusa, which was based in 1996 in Sri Lanka by Kris Canekeratne.

Worker depend in India has been rising exponentially — from 14,500 to 21,000 — within the final 18 months in places like Hyderabad, Chennai, Gurgaon, Bengaluru and Pune, he informed BusinessLine. Within the US, there are round 4,000 workers, in Sri Lanka about 2,500, and the stability in the remainder of the world, he added.

4-pillar recruitment technique

Virtusa is focussing on scaling up its recruitment from school campuses. Whereas different corporations comply with the ‘bus’ sort the place they go in a bus and decide up a lot of college students, Virtusa does it in another way by way of a four-pillar technique, Narayanan stated.

The primary is by organising Centres of Excellence (CoE) inside the faculty campus to assist college students achieve information in areas of calls for like enterprise course of administration, information safety administration and machine studying.

“Now we have arrange 52 CoEs throughout India from simply 4 within the final seven years. We prepare each college students and professors in specialised areas. These employed are given a 100 per cent internship in Virtusa throughout their school instances. Additionally they get jobs in different corporations. We wish to broaden to 70 CoEs by subsequent 12 months,” he stated. Some faculties in Chennai the place the CoEs are positioned embody VIT, SRM, SSN and Sathyabama, he added.

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Three years in the past, 1,000 have been employed by way of campus recruitment which was elevated to 1,500 final fiscal, 2,500 this fiscal, and will likely be 4,000 by subsequent 12 months, Narayanan stated.

The second pillar of hiring is thru hackathons, the third is built-in masters programme and fourth is lateral. Practically 70 per cent of hiring is lateral and Virtusa needs to cut back this to round 65 per cent and improve campus hiring to 35 per cent, he stated.

Virtusa is witnessing an attrition fee of excessive ‘teenagers’ (final twelve months stage), equal to different corporations, he added.

Baring in management

Within the final 5 years, there have been important adjustments at Virtusa which, in 2015, acquired 53 per cent of Chennai-based Polaris Consulting and Companies. In November 2020, Baring Personal Fairness Asia (BPEA) acquired all excellent shares of frequent inventory of Virtusa in an all-cash transaction valued at roughly $2 billion. In February, BPEA efficiently accomplished the acquisition and privatisation of Virtusa.

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Narayanan stated that there have been important management adjustments since Might this 12 months with Cognizant veteran Santosh Thomas appointed as CEO to succeed Canekeratne. On October 25, Virtusa appointed firm veteran Samir Dhir as CEO – International Markets and Industries, Amit Bajoria (ex-Wipro) as Chief Monetary Officer, and Ram Meenakshisundaram (ex-Cognizant) as Chief Know-how Officer, he stated.