Infogain to hire 1k people in FY24

IT company Infogain has said that global businesses even amid uncertainty are prioritising digitisation and customer experience to gain an edge in the market, and it is looking to hire 1,000-plus people in FY24, as it steers ahead with growth strategy.

The Silicon Valley-headquartered digital platform and software engineering services company is also actively scouting for acquisitions, Dayapatra Nevatia, President and Chief Operating Officer of Infogain told PTI. Apax Funds portfolio company, Infogain, has offices in California, Washington, Texas, the UK, and Singapore, with delivery centers in Seattle, Houston, Montevideo, Kraków, Noida, Bengaluru, Pune, Gurgaon, and Mumbai.

Nevatia said that the company will continue to steer ahead with its three-year growth and business blueprint, which it finalised last year. Nevatia ruled out any layoffs and asserted that the company will in fact hire 1,000-plus people in the current financial year, over 800 of them in India. Infogain's global headcount currently stands at 6,000 and almost 5,000 of them are in India. On the market sentiments and tech spendings, Nevatia said there is some "softness" in the market but was quick to add that businesses have realised the importance of digitisation during Covid and digital transformation for most companies is now a necessity.

Given the focus on digital transformation, customers continue to spend, and not cut back, although in some cases, they may want more work in the same amount or demand sharper business cases. "A quarter back there was a huge amount of uncertainty, but now I think the risk of things falling off the cliff is not there. Of course, the uncertainty continues. Customers, however, continue to spend money on digital transformation and so the impact is minimal," he said. Infogain's order book is healthy and the pipeline strong, he asserted.

"There is softness, yes, but temporary. We continue to remain excited about long-term prospects and make investments... before you realise, the pull back will happen (market recovery) and the investments will allow us to respond quickly," he said.