According to a media report, major IT companies, Infosys, Wipro and Tech Mahindra have canceled the offer letters given to students, as the companies have been delaying the onboarding process for months. As per the report, the students said that they have not been given any grounds for rejection.
Bhopal-based engineering graduate Pavitra (name changed) received a mail from Infosys on September 28, informing her of the rejection, six months after she received the offer. “It has been recognized that you are not fulfilling our educational eligibility criteria. So your offer is null and void,” according to a BusinessLine report, citing mail from the company. According to the report, Pavitra, however, fulfills the mentioned eligibility criteria (60% marks in class 10, 12 and undergraduate course).
Another candidate, Bhawna (name changed), who is a graduate in computer science from Vijayanagar, received a rejection mail from Wipro four months after she was offered the job, BusinessLine reported. “We cannot pursue your candidature as you are not complying with Wipro’s evaluation guidelines,” the mail said.
According to the report, Bhawna said that she has been rejected even after meeting all the grade criteria and submitting all the documents. “The company has not given any explanation as to the grounds for the rejection.”
According to the report, Vivek (name changed), who had received an offer from Tech Mahindra three months back, also received a rejection mail on September 22 for not clearing a certification test.
He said Tech Mahindra had made it mandatory to complete 12 courses as part of the joining process. “I was rejected despite completing them and getting the certification.”
For the June 2022 quarter, Infosys reported a consolidated net profit of Rs 5,360 crore, a growth of 3.2 per cent as compared to Rs 5,195 crore in the year-ago quarter. The company’s revenue grew 23.6 per cent to Rs 34,470 crore from Rs 27,896 crore in the June 2021 quarter. Sequentially, Infosys’ net profit declined by 5.7 per cent as compared to Rs 5,686 crore in the March 2022 quarter.
Wipro had reported a profit of Rs 2,563 crore in the June 2022 quarter, down 20.9 per cent year-on-year. Its revenue for the quarter grew 17.9 per cent to Rs 21,528.6 crore. Its operating margin in the IT services segment declined 200 bps QoQ to 15 per cent.
For the quarter ended June 2022, Tech Mahindra reported a 16 per cent decline in its net profit at Rs 1,131.6 crore as compared to Rs 1,353.2 crore in the same quarter last year. Its revenue from operations grew 25 per cent to Rs 12,707.9 crore in the first quarter, from Rs 10,197.6 crore in the year-ago period.
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