Amidst layoffs, KPIT Tech expects 20-25% headcount growth in FY24

KPIT Technologies is looking at growth and expansion in the coming years and expects its headcount to grow by 20-25 percent in fiscal year 2023-2024 while several of its peer global tech firms are laying off employees or have implemented hiring freezes.

In an exclusive interaction with CNBC-TV18 on April 27 after Q4 earnings, Sachin Tikekar, Joint MD of KPIT Technologies, said, this growth, however, will likely be driven more by strategic considerations rather than by the company's overall revenue growth.

Tikekar said, “Our headcount doesn't necessarily grow linearly with the topline growth. However, we do expect the headcount to grow 20-25 percent during the year… We will take those calls as we figure out the mix of revenues that are likely to come our way, but it's a fair estimate to say that the headcount will also grow in the early mid-20s.”