Tech Mahindra Comviva Plans To Hire 600 Engineers By July 2022

Tech Mahindra Comviva Plans To Hire 600 Engineers By July 2022 | Comviva, part of the Tech Mahindra group, plans to hire around 600 engineers by July 2022, to meet growth needs and offset attrition, a company official said. Comviva CEO Manoranjan Mohapatra said that the company is now concentrating on tier 2 cities and expanding its Bhubaneswar center, which was opened three years ago, as part of its new strategy.

“We have about 2,000 members on our team. This year, we plan to add 600 people. About 300 would be campus freshmen and 200-300 would be market hires, he said.

Over the last few quarters, attrition rates have risen to 20-23 percent from 15-16 percent. The company plans to hire 600 people by July 2022, and to continue hiring to grow the team in Bhubaneswar.

“We are right now less than 20 people in Bhubaneswar but this year plans are getting finalized. The hiring process has begun and is expected to be completed by March 31, 2022.

“In the current fiscal year, there would be about 60-70 people there, but in about two years, the center will have 200-300 people. It will depend on how easy it is to get talent,” he said.

In terms of revenue growth, he said that the company expects it to increase by 10-12 percent in the current financial year. Comviva reported revenue of Rs 845.1 crore in 2021.

We will do all our mobile payments, the super app, merchant apps, consumer apps, self-care apps, everything we do for apps in the next 18-24 months. Bhubaneswar will be known as the center of excellence for mobile applications,” Mohapatra said.

“You can make a merchant payment or transfer money to your family from your watch itself. You don’t have to go to your laptop or phone. That is one area we have picked for Bhubaneswar and second area mobile money.

“We have decided to make that also the second area of competency in Bhubaneswar,” Mohapatra said.

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