Tech supports Mahindra side gigs, says CEO Gurnani amid moonlighting row. | Tech US News


Tech Mahindra, India’s fifth largest IT services firm, supports the side gigs, the management said. CP Gurnani, CEO and MD said the confidence to back it comes because Tech Mahindra is a digital company and not a legacy firm.

“Between legacy and digital, we are a digital company. But of course our intention is always with boundaries and that doesn’t change,” said CP Gurnani, CEO, Tech Mahindra.

“I’m happy, if someone is productive, complying with all the brand guidance, values, customer relationship guidance, and someone else wants to work, then we’re fine. Just get permission and let us know what you’re up to.” Working,” he added.

Gurnani believed that employees should not cover up such incidents, however a ‘zero tolerance’ policy would be followed if employees could go to Chandni without prior permission.

Tech Mahindra’s attrition rate eased to 20 percent for the September quarter, Tech Mahindra reported. The company added 5,877 new hires in the September quarter, down from 6,862 in Q1FY23, taking the total headcount to 163,912.

Wipro had fired 300 employees for Chandni and CEO Rashad Premji said, “It’s a scam – plain and simple.”

IT companies have expressed similar concerns as TCS COO N Ganapathy Subramanium called it an ethical issue.

The company on Tuesday reported a 4 percent year-on-year decline in total profit after tax (PAT). 1,285.4 crore in the second quarter (July-September) of FY23 1,338.7 crore in the quarter ending September 2021.

However, the sequential profit after tax increased by 13.6%. 1,131.6 crore in the April-June quarter.

Revenue for the quarter came in 13,129.50 crore, up 20.6% year-on-year compared to 10,881.30 crore in the same quarter. The company has declared an interim dividend. 18 per share.

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