Jobs for freshers in MNCs: Expleo Solutions, a France-based information technology (IT) company, is looking to increase its headcount in India to more than double the present number. The company plans on hiring around 5,000 people in a span of 2.5 years, with a focus on recruiting fresh graduates. Expleo’s CEO and MD Balaji Viswanathan, who heads India business, spoke about the development. He told PTI that the firm sees growth primarily on account of the expansion of its business in the US. “While other larger players are slowing down on hiring fresh graduates, the company believes it will provide future growth acceleration. The expectation is to double the current workforce of around 4,700 people, reaching a little over 9,700 employees,” he said.
Read More: Snapdeal And Bank Of Baroda Unveil Innovative Credit Card To Elevate UPI Payment Experience
Aerospace, automotive, and transportation are Expleo’s primary focus areas, with Aerospace making up about 40 per cent of the company’s global business.
“In India, Expleo has identified a segmented target public that emphasises the need to shift focus towards technology services, specifically banking, financial services, and insurance (BFSI) and enterprise resource planning (ERP),” Balaji Viswanathan said. He pointed out that these sectors represent a big portion of the Indian market, with approximately 60 per cent of businesses operating in technology services.
Read More: How To Start Mobile And Laptop Repairing Shop With Low Investment And Make It Profitable
The CEO and MD also highlighted that Expleo has experienced consistent growth over the past few years, with an average annual growth rate (CAGR) of approximately 25 per cent.
He told PTI that “despite anticipating some softness in the current year, the company still expects to achieve growth rates ranging from 16 to 20 per cent, which are considered high peaks.”
Read More: Canara Bank Launches UPI-Interoperable Digital Rupee App; Here’s How To Use
Expleo’s consolidated profit decreased by 12 per cent to Rs 20 crore in June quarter, while consolidated revenue from operations increased by about 6 per cent to Rs 225 crore. The group plans to expand margins and outsource work to India and the US market. Viswanathan said the group is focused on expanding margins and sees opportunities in outsourcing work to places like India, including the US market.
