Software major Tata Consultancy Services (TCS) is planning to hire around 50,000 people over the next 12 months.
"In Chennai, we will be adding around 12,000 people taking the total in the city to 50,000. We will also have a small presence in Coimbatore," N. Chandrasekaran, CEO and MD of TCS, told reporters here.
"Currently the company has around 12,000 foreigners on its rolls and this is set to go up as we will be hiring in China, Europe and Latin America.," he added. Currently, the company has around 177,000 employees on its rolls
Commenting on its lateral recruitments, he said: "We didn't consciously avoid campus recruitment. The academic cycle got over when we hired, so we had to resort to lateral hiring." However, with the end of semester now, campus interviews has begun again, he added.
With a view to filling the major skill gap in the industry, TCS plans to fund 200 doctoral candidates over a period of five years. It has selected 22 candidates and will select another 18 by next February.
"They will pursue basic research in computer science. Our funding the research scholars is not linked to the development of IPRs for the company or their becoming our employees," he said.