Friday, 24 March, 2023

India IT services companies subcontracting to bridge digital skill tallent

<p>As demand for IT services grew, Indian IT firms went overseas in search of subcontractors to fill digital skill gaps. TCS&#39; subcontracting expenses increased 34.2 % &nbsp;to Rs 16,975 cr in FY22, while Infosys&#39; increased 77.9% to Rs 12,607 cr and Wipro&#39;s increased 30 %. Subcontractors, who can be onboarded in less time than conventional hires, costs as a percentage of sales at Infosys and TCS have increased from 6.1 % to 7.3 % in the last three years.<br /> &nbsp;</p>