Stories
Tech Mahindra Adds 5446 Employees in Q2 as Attrition Drops to 11.7 Percent
- •Tech Mahindra added 5446 employees sequentially in the second quarter ending September 30, 2026, bringing total workforce to 152206.
- •Last twelve-month attrition eased slightly to 11.7 percent compared to 11.8 percent in the previous quarter.
- •CEO Mohit Joshi stated that the company is among the highest recruiters from IITs and NITs this year while maintaining a focus on experienced talent.
- •The company reported a 32 percent year-on-year increase in net profit to Rs 1586 crore for the quarter.
- •Consolidated revenue rose 15.6 percent year-on-year to Rs 16180 crore with an EBIT margin expansion of 40 basis points sequentially.
Key Questions Answered
Tech Mahindra added 5,446 employees sequentially during the second quarter ended September 30, 2026, bringing its total workforce to 152,206. Meanwhile, the last twelve-month (LTM) attrition rate eased slightly to 11.7% from 11.8% in the previous quarter.
For the quarter ended September 30, 2026, Tech Mahindra reported a 32% year-on-year increase in net profit to Rs 1,586 crore. Consolidated revenue rose 15.6% year-on-year and 3% sequentially to Rs 16,180 crore, while the EBIT margin expanded by 40 basis points sequentially to 14.8%.
Under its new management team's business restructuring plan, Tech Mahindra has become more selective about recruitment while exploring artificial intelligence to improve workforce productivity. CEO Mohit Joshi noted that the company commands a 20-30% premium for human labor because its average employee has 9-10 years of experience compared to 4-5 years for peers.
