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Tuesday, July 8, 2025 7:54 AM

Human Resource Community

Magenta plans to hire over 340 employes in 2022

Magenta, an Indian integrated electric vehicle (EV) charging and mobility-solutions company, plans to hire at least 340 new people in 2022. Candidates will be hired at all levels, including entry-level, mid-level, and experienced. With additional offices in Bengaluru, Hyderabad, and Delhi NCR, the company has already increased its geographical presence. For the Group’s three business verticals — EVET (electric vehicle fleet), ChargeGrid (charging stations), and Axiom (chargers), Magenta is looking for personnel with specialised technical knowledge, such as embedded product design and development, infrastructure network management, and telematics. Human resources, finance, marketing, and communications positions are available for individuals who are interested. The talent acquisition team is planning to hire across tier 1 and 2 institutes by holding various campus and off-campus drives. With the debut of its new business line, EVET, and the acquisition of Axiomm, Magenta’s manufacturing position in the EV ecosystem has expanded. “The next 6-12 months are critical for the company’s growth ambitions,” stated Maxson Lewis, founder director of Magenta. “hence we are looking to add 340+ people to match the demand of current and future businesses.” As part of the Delhi government’s ‘Single Window clearance for household chargers,’ the company partnered with and developed EV chargers. Its revenue has increased, and its workforce has tripled. It now has “a strong growth plan lined up for the financial year 2022-23 driven by the multiple fold growth we achieved in FY 2022. We have set up audacious but achievable plans in tango with the growing EV ecosystem in India and abroad,” added Lewis.

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Employees at Infosys can expect a wage increase of at least 12%

It’s time for Infosys employees to rejoice. The IT giant has decided to give its staff a compensation increase of 12 to 13% on average. Employees with high potential may receive a raise of 22 to 23 percent, plus a retention bonus. This approach is intended to lower turnover and control attrition, which was at 27.7% in Q4. This appealing raise is likely to lure both experienced professionals and freshers to the Company. According to Mint, Infosys hired 85,000 freshers in the previous fiscal year and plans to hire 50,000 college graduates in FY23. Infosys’ top performers can expect better roles and more opportunity to upskill and receive training on emerging technologies like artificial intelligence (AI) and machine learning (ML). Infosys has been witnessing substantial attrition recently. Its attrition rate was 10.9 percent in March 2021, but it increased to 25.5 percent in the quarter ended December 31. Infosys isn’t the first IT firm to announce compensation increases. Tata Consultancy Services (TCS) has also declared that in the financial year 2023, its employees’ salaries will be increased by six to eight percent. Microsoft, too, recently announced its aim to double its global compensation budget. This is Microsoft’s strategy for maintaining competitive pay in a competitive labour market.

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Vedantu is laying off another 424 employees, citing scarcity of capital

Vedantu, the edtech unicorn that made headlines earlier this month for laying off about 200 employees, is cutting off even more staff. This time, the company laid off nearly 7% of its workers, or 424 people. “Currently, the external environment is tough. War in Europe, impending recession fears, and Fed rate interest hikes have led to inflationary pressures with massive correction in stocks globally and in India as well. Given this environment, capital will be scarce for upcoming quarters,” Krishna told Vedantu’s employees in a blog. “With Covid tailwinds receding, schools and offline models opening up, the hyper-growth of 9X, Vedantu experienced during the last 2 years will also get moderated. For long term sustenance of the mission, V would need to adapt too,” Krishna added. Krishna stated that the company wants to build a runway of at least 30 months without sacrificing its primary value of student centricity, and that it will focus on lowering client acquisition costs through innovation and automation in operations. Krishna also stated that Vedantu reviewed all of its projects and divided them into core and non-core projects in order to align all projects and teams with Vedantu’s primary focus areas and rationalise those that were out of sync. “The result is, that a few teams and projects will have to be deprioritized and, in the process, a few of our Vedans will be let go as well,” Krishna stated. Employees who are being reassessed will receive an email inviting them to meet with HR and their managers one-on-one, according to Krishna, who also stated that the company will extend benefits such as health insurance to employees and their families until August 5. Krishna further stated that Practo will provide access to 15 doctor consultations as well as cheap pathology and pharmacy services until April 29 of next year.

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Byju’s in talks with banks for $1 billion funding

Byju’s, India’s most valuable startup, is in talks with lenders to acquire more than $1 billion in acquisition financing as the online education provider looks to aggressively grow its business, people familiar with the situation stated. The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for funding to takeover another edtech company, according to the sources, who asked not to be named as the information is not public.  They didn’t say anything about the acquisition target and said that the terms of the transaction and the funding are yet to be finalized. Byju’s, helmed by former teacher Byju Raveendran, has been buying up businesses offering coding lessons, professional learning courses, and test prep programmes for competitive Indian examinations in recent years in the US and overseas. Bloomberg reported earlier this year that the business was valued at $22 billion after raising funds this year and is working on plans for an initial public offering. JPMorgan and Byju’s representatives declined to comment on the financing. Morgan Stanley representative did not immediately respond to an email seeking comment right away. According to information on the platform’s website, the platform’s app has been downloaded more than 150 million times, and clients spend an average of 71 minutes each day on it. Facebook founder Mark Zuckerberg’s Chan-Zuckerberg Initiative, Naspers Ltd., Tiger Global Management, and Sequoia Capital India have all invested in the company, which is formally known as Think & Learn Pvt. Ltd. After schools and tutoring centres were forced to close their doors due to the Covid-19 pandemic, forcing parents, teachers, and students to seek alternative learning resources, the popularity of online classes soared in the country of almost 1.4 billion people with one of the world’s youngest populations. Byju’s has also expanded its product portfolio to include one-on-one coaching with teachers in India and other countries, including the United States, the United Kingdom, Brazil, Indonesia, Mexico, and Australia. Source: Economic Times

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Cognizant plans to hire 50,000 freshers in India this year

Cognizant Technology Solutions, a US-based software giant plans to hire 50,000 freshers in India this year. When the need arises, it will also hire experienced laterals. Cognizant employs over 75% of its workforce in India. In the first quarter, the company hired around 9,800 people. Cognizant reported a 10% increase in revenue to $4.8 billion in its financial results. This expansion can be linked to greater digitalization in businesses around the world. For the fourth year in a row, Cognizant has achieved double-digit growth. Not surprisingly, the Company’s digital division accounted for half of its total sales. In addition to the demand for digitalisation, the Company has made significant investments in this area, with 50% of its personnel having digital technology skills. Although attrition appears to have decreased marginally, it is impossible to predict whether this trend will continue. In the first quarter, attrition was 26%, down from 31% in the December quarter and 33% in the September quarter. The Company intends to keep attrition low by continuing to invest in learning, career path development, upskilling opportunities, and competitive pay packages. Promotions were also double in the previous year compared to the year before. Around one lakh employees were trained in new digital skills in 2021. That means about 23 million hours of learning were spent on around 1,30,000 courses.

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Karnataka’s 60 industrial projects are expected to generate over 8,000 jobs

The Karnataka government has authorised over 60 industrial projects worth Rs 2,465.94 crore, which are likely to employ more than 8,575 people in the state. The 131st State Level Single Window Clearance Committee (SLSWCC) has approved ten major large and medium-sized industrial projects totalling more than Rs 50 crore in investment. Around 3,190 individuals will be able to rely on them for a living. The committee also gave its approval to 49 new projects worth more than Rs 15 crore and less than Rs 50 crore. In Karnataka, these initiatives, valued Rs 938.61 crore, will create jobs for 5,385 people. Another Rs 5 crore project was also approved. A total of 60 projects with a combined investment of Rs 2,465.94 crore and employment potential of 8,575 individuals received approval. At the most recent SLSWCC conference (the 130th), 48 projects were approved, with the potential to employ nearly 6,393 people. Earlier this month, during the 58th State High Level Clearance Committee meeting, the state government approved industrial projects worth Rs 11,495.4 crore that have the potential to create around 46,984 employment. The Siddhasiri Souharada Sahakari Niyamit’s project, which will cost over Rs 360 crore, the Goodrich Aerospace Services project, which will cost over Rs 250 crore, and the Shree Cement project, which will cost around Rs 150 crore, are among the most recent projects to receive clearance.

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Skill India to upskill 4000 ISRO technical staffs in next 5 years

The Ministry of Skill Development and Entrepreneurship (MSDE) has signed an MoU (Memorandum of Understanding) with the Indian Space Research Organisation (ISRO) to upskill the technical workforce at the Department of Space (DOS). The initiative would establish a formal framework for short-term courses that will provide training for the skill development and capacity building of ISRO technical professionals in India’s space sector, in accordance with industry requirements. Around the next five years, over 4000 ISRO technical staff would be taught under the programme. The training will take place at the National Skill Training Institutes (NSTI) in Bangalore, Chennai, Calicut, Hyderabad, and Mumbai, which are all run by MSDE. The training program’s goal is to improve the technical skills of diverse technical professionals working in ISRO centres and units under DOS. MSDE’s state-of-the-art training institutes across the country will provide training in specialised disciplines to improve employees’ skill sets in line with the latest industry trends and requirements. According to the MoU, ISRO will collaborate with MSDE and the affiliated NSTI to develop a detailed training calendar, curriculum, and syllabus to meet the program’s larger goals. ISRO would give the participants with their training equipment. MSDE will establish labs, workshops, classrooms, specimens, and other training facilities in cooperation with the Capacity Building Programme Office (CBPO) to efficiently carry out the programme at identified NSTI. MSDE will be in charge of the program’s overall management and complete supervision in order to ensure its successful execution. “These training programmes will enable technical personnel to embrace and augment cutting-edge technology, thereby elevating India’s standing in the space domain,” said Rajesh Aggarwal, secretary, MSDE. The MoU was signed by Rajesh Aggarwal, secretary MSDE and S. Somanath, secretary Department of Space/ Chairman ISRO, in the presence of TVLN Rao, RD, RDSDE, Karnataka; Kumarvel, DD, RDSDE, Karnataka; Parveen Kumar, DD, DGT; C Ravi, director, CFI, DGT; Manish Gupta, assistant director, MSDE; N. Sudheer Kumar, director, CBPO, ISRO; and Nishant Kumar, deputy director, ISRO. The same will be valid for a period of five years.

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Bentley looking to hire 100 engineers

Bentley Motors’ Five-in-Five plan calls for the company to introduce a new electric vehicle (EV) model per year starting in 2025. It will hire 100 engineers and push its Beyond100 strategy to achieve this. The hiring process has already begun, with 50 job openings announced so far, with more to come in the near future. While the new workers will be assigned to a variety of departments, including engineering and research and development, around half of them will be required to focus on electrical skills, as Bentley plans to electrify its entire product range within eight years. Bentley will need personnel in research and development, as well as UX/UI engineers, design managers, and chassis engineers, in addition to electrical engineers. While the majority of the new workers will work out of Bentley’s Crew headquarters, the luxury carmaker plans to use a hybrid work style. It has made significant investments in new engineering offices, which incorporate collaboration zones to encourage interaction. Individual offices have been eliminated in favour of hot desks in order to conserve space. This is also anticipated to foster spontaneous conversations as well as improved teamwork and attitude. Bentley wants its employees to be more adaptable, lifelong learners, and active participants in the workplace. Bentley employees have participated in over 30,000 learning activities in the last year, including online workshops, e-learning modules, and face-to-face

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SuperBot announces 300% hike in talent pool this fiscal

SuperBot, an intelligent, AI-powered voice assistant SaaS startup, has announced a 300 percent increase in staff. It’s on the lookout for people to work in marketing and sales, operations, technology, customer success, and HR. The majority of the new hires will be situated in Gurugram, the company’s headquarters. The Company plans to increase its staff to 200 by the end of the fiscal year 2022-23, from its existing workforce of 55. SuperBot plans to onboard 20% of new candidates for senior level positions in addition to the hiring push. Half of the remaining positions will be for mid-level positions, and 30% will be for entry-level positions. This addition of new talent to the workforce, according to Sarvagya Mishra, co-founder and director of SuperBot (PinnacleWorks), “will bring new skill sets to the table. We understand that the market is very challenging for talented professionals right now, and this may actually be an opportunity to acquire skilled manpower, which will strengthen the Company’s backbone for a longer run”. The brand is offering its employees the freedom to explore the profiles they want to thrive in, thanks to an employee-first approach and an open culture policy. Regular appreciations and acknowledgements have been driving the working atmosphere at SuperBot, along with flexible scheduling and leave policies. The Company ensures that everyone has the opportunity to discuss what they believe should be changed or added to make it the best place to work in the industry by using a reverse feedback method. SuperBot, an AI-powered voice agent technology that was founded in 2012, has been an enabler for a variety of industries, including education, BFSI, healthcare, and so on.

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Air India employees refuse to leave their quarters

Despite getting an eviction notice, Air India employees refuse to leave their company-provided housing, claiming that they intend to stay in their flats till retirement unless alternate arrangements are made. Employees who were dissatisfied with the government’s attempt to force them to surrender their flats staged a protest march. The Mumbai International Airport of the Adani Group issued the eviction notice (MIAL). Hundreds of Air India employees, including engineers, ground staff, and other professionals, were required to vacate 1600 staff quarters in Kalina when the company was privatised. Air India gave these employees six months to vacate their houses, which were handed to them in lieu of a house rent allowance and are conveniently placed near the airport, in 2021. Despite the infamous Mumbai traffic snarls and severe rains during the monsoons, the staffs are only able to make it to the airport on time for duty because of the close proximity to the airport. During the lockdown, the help and cooperation of these personnel located near the airport was also crucial, since they were the ones working with cargo aircraft bringing medications and protective equipment both within and outside the country. The initial lease on these quarters expired over 30 years ago and has not been renewed since then, making them nearly seven decades old. The land on which they were constructed is owned by the Maharashtra government and was leased to the Airports Authority of India (AAI). It was then leased to MIAL, which is now a subsidiary of the Adani Group.

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