India’s largest IT services firm Tata Consultancy Services (TCS) has made 25,000 offers to fresh graduates for FY27, with further hiring dependent on demand conditions, its CEO and managing director K Krithivasan said.“We have made 25,000 offers to freshers for FY27. Clarity on demand will lead to more hiring,” Krithivasan said in an interview, signalling a cautious approach amid an evolving business environment, according to news agency PTI.The company had hired 44,000 freshers in FY26, one of the highest intakes by any private sector employer, despite facing headwinds.
Hiring strategy tied to business needs
Krithivasan said TCS is not increasing its reliance on lateral hiring and has not altered its delivery model. He explained that freshers require up to nine months of training before becoming billable, while lateral hires can contribute immediately, making hiring decisions closely linked to project requirements.He also indicated that restructuring similar to FY26—when the company laid off at least 12,000 employees—may not necessarily be repeated, adding that employees can have “thriving careers” as long as they perform well.Denying any link between layoffs and artificial intelligence adoption, he said the job cuts largely impacted senior-level staff as project execution styles evolved.
Demand outlook and growth investments
On business conditions, Krithivasan described the demand pipeline as “stable,” adding that “stable is good” in the current macroeconomic climate, reported PTI. He noted early signs of recovery in discretionary spending, with demand spanning geographies and sectors, including cost optimisation and transformation deals.TCS reported a total contract value of $40 billion in FY26, with improved conversion of deals into revenue streams. Clients are also increasing the scope of engagements, leading to higher revenue potential.The company continues to invest in future growth through acquisitions, partnerships—such as its recent tie-up with Advanced Micro Devices (AMD)—and workforce development.Chief financial officer Samir Seksaria added that margin expansion will be driven by operational efficiencies, including better utilisation.
