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TCS increment 2025: Annual increase in most top level companies has seen a slowdown in the last few years amidst the global economic crises affecting the IT sector.
In FY22, the average increment in TCS was 10.5 percent, which decreased by 7-9 percent in FY24.
TCS annual growth: Tata counseling services (TCS), India’s largest IT service company is expected to roll out Annual increment in March. The increase, which will be effective from April 2025, is expected to be between 4 percent and 8 percent according to A. Economic time Report using people with knowledge of the case.
According to the report, the annual growth of most top level companies has seen a slowdown amidst global economic crises affecting the IT sector. During the Covid-19 period, IT employees saw a salary increase in double digits.
“We are told that the hike will be around 4-8 percent. The vertical verticals that do well, usually more increase, but the overall growth has not been very good, “according to Atte Report citing an employee.
In FY22, the average increment in TCS was 10.5 percent, which decreased by 7-9 percent in FY24.
TCS has a total of 6,07,354 employees as of December 2024. The IT giant aims to rent 40,000 freshers by the end of March with a high target for FY26.
Tata Consultancy Services has also added its recent return-to-office (RTO) mandate in early 2024 to comply with employees for compliance with employees.
TCS reported an increase of 5.5 percent (YOY) in its net profit for Rs 12,380 crore for the third quarter of the current financial year 2024-25 (Q3 FY25). During October-December 2024, its revenue increased by 5.6 percent to Rs 63,973 crore. Depending on a continuous currency, TCS’s revenue exceeded 4.5 percent during the period of October-December 2024.
Meanwhile, India’s second largest software company Infosys is expected to issue pay hike letters to its employees by the end of February, expecting 5 percent to 8 percent with average growth. Infosys employs more than 3.23 lakh professionals.
