Davos: With a bullish outlook on the Indian IT story and its own hiring plans, Mahindra group's technology venture Tech Mahindra says its headcount will cross the 1-lakh level in about a year, from close to 85,000 at present.

"I don't think there has been any stagnation in hiring activities in the Indian IT space. Seven years ago, we were six-seven thousand people and today we are 85,000," Tech Mahindra Vice Chairman Vineet Nayyar said here.

Asked when Tech Mahindra would reach the 1-lakh mark, he said: "Its a matter of a year or so. I don't see it as a very big deal."

Nayyar, who was here for the World Economic Forum ( WEF) Annual Meeting, in an interview that India's IT story is not over, but its nature would evolve depending on the changing needs.

"The fact is that skills are in India and those skills are needed. There would be drafting of new needs, which would be overlaid by the new technology that would evolve and those needs are not going to go away.

"So, as far as I can see, the Indian technology story is not over and in fact it will strengthen further because increasingly India is becoming an epicentre for its evolution and growth," he said.
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