Mumbai, July 22: Altimetrik Corp., a US-based digital business service provider, reportedly plans to triple its IT team in India and target USD 1 billion in revenue. The TPG Capital-backed company is aiming to reach the stated revenue target in the coming three years and is also expecting the growing numbers in the global GCCs in India as the major client segment, said a report. 

According to a report by LiveMint, US-based Altimetrik would triple its IT engineers team in India in the coming three years and aim to achieve USD 1 billion in revenue in the next three years. It was officially announced by Altimetrik CEO Raj Sudarshan, who referred to India as the "greatest pool of engineers". He said that the company was looking for talented people with engineering capability and that India was the country that would get such people. Elon Musk’s Tesla Hiring 800 New Employees for AI and Robotics After Announcing Mass Layoffs This Year.

According to another report, tech hiring in India declined amid layoffs across the IT sector. The report mentioned other reasons for slow hiring in the tech sector in India, such as lower salaries and raises. Altimetrik CEO Raj Sudarshan reportedly added that the company would aim to triple its workforce in India over the next three years following the revenue perspective. He said that the hiring would be proportional to the growth of the company's workforce, if not even higher. Wipro Hiring: IT Major Wipro to Hire 10,000-12,000 People This Fiscal; Building Muscle for Returning Growth.

The report said Altimetrik has over 5,000 engineers in India, representing around 80 of the company's total global workforce of 6,200 people. With the US-based Altimetrik company planning to grow its teams, many talents would come from India in digital business modernization and artificial intelligence (AI). The CEO also said that the company would double down its investment to ensure that it would grow its talent. The report said that Raj Sudarshan announced the hiring plans following the acquisition by TPG Capital.

(The above story first appeared on LatestLY on Jul 22, 2024 01:10 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).