Attrition has reduced by 300 basis points on the last 12 months basis.
IT services major Tech Mahindra’s average new order bookings rose to $700 million in Q3 from the earlier $400 million, a trend it expects to continue in the coming quarters. The firm is also planning to hire 15,000 freshers next fiscal as it intends to train and put them on right projects early. Further, TechM is also foraying into tier-II cities to garner talent and contain attrition, its chief financial officer (CFO) Milind Kulkarni tells Rajesh Kurup in an interview. Edited excerpts: