MindTree, country’s mid-tier IT firm is reportedly planning to increase employee’s salaries by 7-12% this fiscal to ensure they do not lose talent to top players. The company has taken this decision following, the larger IT players, who announced wage hikes ranging between 6% and 10% for this fiscal.
The company has posted a rise of 14.02% in its net profit at Rs 78.90 crore for the quarter ended March 31, 2013 as compared to Rs 69.20 crore for the same quarter in the previous year. Total income from operation of the company has increased by 16.49% at Rs 612.40 crore for quarter under review as compared to Rs 525.70 crore for the quarter ended March 31, 2012.
