Engineering major L&T's software arm LTI or Larsen & Toubro Infotech will be hiring around 3,800 freshers this fiscal as it expects the business to grow at a faster clip, a top official has said. The company is working at a very high utilisation level now and wants to hire more to get down the level, chief executive Sanjay Jalona said. "We will be hiring 3,700-3,800 freshers this fiscal year as against the 3,000 freshers we hired in FY19," he told PTI over the phone. In the year to March 2019, Jalona said Larsen & Toubro Infotech has hired over 4,000 people on a net basis, of which 656 were in the fourth quarter alone. Larsen & Toubro Infotech reported a 31% growth in March quarter net at ₹378.5 crore on a faster revenue accretion.

Source: Mint May 06, 2019 04:41 UTC