Tata Consultancy Services Ltd.

Tata Consultancy Services (TCS), the country’s leading IT company, has almost achieved its target of hiring 50,000 employees in FY12-13. The company so far hired 49,600 personnel by the third quarter.

At the end of Q3, the total employee strength of the company was 263,637 with a gross addition of 17,145 employees which included 9,831 trainees & 5,072 laterals in India as well as 2,242 employees in international locations. The net addition was 9,561 employees.

Attrition rate in IT Services fell further to 9.8% (LTM). Overall attrition, including BPO (22.3% LTM), was 11.2% (LTM). The company had earlier announced plans to hire 25,000 from campus placements and it has already sent out offer letters to 24,000 people.