TeamLease Services Limited is looking for M&A opportunities. Mrs. Ramani Dathi, Chief Financial Officer said, We are also actively looking for M&A opportunities in HR Tech space, which are profit.
Over the previous few years, India s IT job market has seen a gradual fall in entry-level positions; this year, a further decline is projected, along with fewer hirings from colleges. Although there have been modest increases in hiring activity, the true momentum could not show up until the second half of the year.
"Even for the new talent who are aspiring for jobs in the IT industry, upskilling is now the real need and they have to invest in terms of expanding their own skill set.Almost 60% to 70% of the positions that we used to hire a year back used to be in .NET and Java. But those requirements have now come down to almost 50% whereas all the new requirements, new positions are asking for niche skills like AI and ML and transformative initiatives."
Ramani Dathi, CFO of Teamlease Services, calls for skill bridging solutions in manufacturing. He emphasizes formalization to boost productivity and address wage gaps between formal and informal sectors. Dathi further says that the main thing which we have seen is that wage inflation and formalisation are in direct proportion to each other.