Persistent Systems to double Hyderabad workforce by 2017 via campus hirings
Pune headquartered IT services company Persisitent Systems is looking to expand its Hyderabad operations over the next two years, nearly doubling its workforce.
“Some of our senior staff will give back to the industry by way of teaching stints in engineering colleges and we will start with Hyderabad for this programme. This will be aligned to our hiring plans. In the next two years, we plan on being 1000-plus employees in the city from around 600 now,” said Sameer Bendre, chief people officer at Persistent System who is in charge of talent acquisition and development initiatives for the company.
While IT hiring has been flat over the last few years and campus placements have slowed down, the company with a current market cap of Rs 5,194 crore plans on hiring most of its additional workforce through the channel. “We have moved to a new campus to accommodate the numbers and the focus will be on enterprise level digital technology,” said Bendre.
The company had made three acquisitions in 2015, the latest being digital content management firm Akumina in November. “We will continue to grow in the Social Mobile Analytics and Cloud space and new acquisitions coming up,” added Bendre. Persistent had also launched a US$ 10 million venture capital fund in February 2015 to back early stage start-ups.