Xebia plans to employ 1,200 employees in India by March and is interested in budding tech enterprises
- ByStartupStory | November 21, 2022
According to a top corporate executive, US-based IT company Xebia plans to hire 1,200 people in India by March 2023 since the company sees development potential in the field of digital transformation despite a deteriorating macroeconomic environment.
Anand Sahay, CEO of Xebia Global, told PTI that because of the high demand in the sector and the fact that all businesses are looking to transform, the company is opening new centers around the world, including India. It also has plans to acquire businesses that are engaged in artificial intelligence, cloud computing, augmented and virtual reality, and other related fields.
According to his evaluation of demand, the company is short 1,700 employees, and even with a reasonable estimate, Xebia will require 1,200 by the first quarter of 2023. “We have started operating in Colombia now. We might start in Chile by the end of the first quarter. We are looking forward to growing our Chennai center. We are about 200 people in Bhopal, and we feel that it should go up to at least 500 people there. In Jaipur, we have about 600 people. We are clearly planning for about 1,200 there. We are actually adding more satellite offices also as we speak, be it in Kochi or others in India,” Sahay said. The business last week purchased Michigan-based Netlink Digital Solutions Group (NDS), a low-code digital transformation company. According to him, the acquisition will help Xebia grow operations in Bhopal and other areas of the south by providing around 1,000 extra workers over the course of a year.
In response to a question about the macroeconomic impact, Sahay stated that while the company monitors inflation because it frequently affects compensation, talent will not be changing positions in 2023 because the market will be less volatile than it was in 2021. “We don’t see customers saying that they don’t need software anymore. In the area where we are in, most innovative software development or something which is disrupting, customers continue to spend money. I think it is more of an internal issue that we have to resolve. When you have inflation of 16 percent in Poland, what should our salary structures be? So, those are the issues, but not on the business front,” he stated.
According to him, Xebia will need to make more acquisitions in the cloud services sector as well as broaden its geographic reach.
“From an emerging technology perspective, we are very, very bullish on Web 3. We are already one of the experts in the world of functionality, which allows us to do serious work in blockchain. We are now also spending some money incubating AR and VR. We think it is important to start playing in that use case. We might do a small acquisition in that space also,” he noted.
Follow Startup Story
Related Posts
