What infosys, wipro, TCS is doing in India!

Oath waterfron
Feb 5 28 Comments

Here are some of my observations. You can agree or disagree. I hope to throw some light on to these things.

1. Did you notice why the starting pay for these companies for fresh grad is almost the same? Of course, they have been colluding with each other because it’s in their interests.
2. Starting salary has not changed for past ten years atleast more or less. Despite high inflation and rupee getting weak.
3. The model is based on exploiting labor and currency ratio. Charging the clients in dollars and paying 22k rupees per month to developer. They charge 25$ per hour atleast to clients for each developer. The company makes 5700$ approx per month considering 9 hours per day and 25 days of work per month which is 4,05,000 rupees and pays 5 percent to the employee.
4. They advertise that they are IT giants and bullshit . They show that they are creating jobs for people in India. Although they are in a way doing that, but they are also exploiting the people. They work on weekends , extra hours which are most of the times unpaid.
5. Narayan Murthy has huge amount of stocks with infosys. When the company was going down, he came back and tried to maintain a favorable stock price. Just before leaving, he sold all the stocks and used the money to open financing house and other businesses. He showed his come back as emotional as if infosys was his baby and it needed him .
6. They target the youngsters who are fresh out of college and exploit them because they are naive and gullible. By the time these youngsters realize this reality and leave the company, they have already spent atleast 2-3 years and these companies have already used them. There is hardly any financial growth for these young guys.

The ugly truth is that our own people exploit others and there is no law or body to regulate them, to inquire about them. Remember the girl who was killed in Pune at infosys office. She was working over weekend in office. The news died within 2-3 days.

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TOP 28 Comments
  • McAfee JohnMcPee
    I thought this was common knowledge among most of the users here.
    Feb 5 3
    • Oath waterfron
      OP
      That’s true. Still no harm in putting it out there🙂
      Feb 5
    • Exactly.... upgrade skills and move on to a better company
      Feb 5
    • Oath waterfron
      OP
      That’s what people are doing .. but new comers are not aware of this. They should not join such companies
      Feb 5
  • Financial Engines / Data frugalguy
    The other side to it is that most engineers in India graduate without basic tech skills and infy/tcs train them for a good 3 month period. For tier3 colleges and below, these companies are a good platform to become market competitive. It's sad it's like this but.. my usual advice for anyone is to get out after 2 years. I do not see them as companies to have long careers. There are always new grads to feed them talent pool and that's how companies have been surviving.
    Feb 5 8
    • A10 Networks nChandra
      Yeah and pay was called as Cost to Company. Thus, Sodexo wasn't a benefit. It was cut from the pay. And so were the case for medical insurance, PF etc. Ya I agree we pay for our 401k here in USA but its matched. And company pays for the snacks, some food and the med insurance
      Feb 5
    • A10 Networks nChandra
      Oh yeah, internal pay hikes were a joke. And if anyone sensed that a member was gonna do Master's then they gave them a D band
      Feb 5
    • SunTrust !Srs
      1 - Infosys / TCS have exploited the US immigration and provided the cheap labor so does IBM , Accenture & Oracle.
      It’s pure supply & demand
      2 - Imagine the case of a graduate from a third grade college , what options does he has except joining body shoppers
      3- getting a staring salary of 25k inr is big for a typical Indian middle class guy
      4- Majority of them have one dream Onsite to USA then change the job (If you can )
      5- fun part — if you are not a Telugu / Tamil ... it’s tough to get onsite as Telugu Boss only promotes Telugu and majority of indian IT is Telugu or Tamil
      5 - Now the MS guys even half of them are from shitty colleges and game the system by OPT / CPT. Google the news

      Bottom line is any sane people who has been overseas don’t want to live in India
      Feb 5
    • Financial Engines / Data frugalguy
      Telugu /Tamil dynamic is interesting. I'm Telugu myself and this culture is catastrophic. Hope someone at these companies noticing the problem
      Feb 5
    • VMware HighJosh!
      Tamil/ Telugu are doing the same thing in US by opening fake staffing companies, faking resumes, interviews etc
      Feb 5
  • Salesforce 6' 7"
    These brothels are now getting non engineering (commerce, arts..) graduates at an even lower salaries and billing to clients as full time engineers.
    Feb 5 0
  • VMware HighJosh!
    Not just the ones mentioned in the question, but all staffing companies in India are doing the same . They are just pimps (दल्ला) and take almost all the money for the service performed by the innocent people.

    If you want to understand the magnitude of the situation just imagine a slut paying almost all of her service fee to the pimp.
    Feb 5 0
  • Oath waterfron
    OP
    I partly agree . Also shit people joining college as professors! The syllabus is decent but these suckers know nothing and just gain happiness by feeling good about all the respect that they get and the attention ! These days these people are joining Facebook and adding students as friends to increase their friend count and followers.
    Feb 6 2
    • New C5xdb
      Irony is Join the same college as professor where you failed 😂
      Feb 6
    • Oath waterfron
      OP
      Do you know anyone ?
      Feb 6
  • eBay
    Mayakowski

    eBay

    PRE
    Google, Microsoft
    Mayakowskimore
    Very true! I was surprised at hearing some of these starting salaries. That said a lot of them come onsite to Australia and Europe and make big bucks. Not all of them. And that’s the carrot. For those without onsite you can always Unionize and ask for your rights. Like factory workers, government employees and farmers do.
    Feb 5 1
  • Microsoft / Eng caltrop
    Nothing will change as long as shitty colleges & universities keep turning out "engineers" by the wagonload. People who have zero interest in anything related to technology keep joining BE/BTECH courses for the sweet, sweet cash; or are pushed into it by parents. For a vast majority of them bodyshops are the only hope of a paying job. Naturally the bodyshops are taking full advantage of this situation.
    Feb 6 0
  • A10 Networks / Eng
    El_Kabong

    A10 Networks Eng

    PRE
    F5 Networks, Oracle, Vertafore
    BIO
    I yam who I yam - Popeye
    El_Kabongmore
    A whole lotta needful stuff and things. That’s what they’re doing.
    Feb 5 0
  • Oracle fatalflaw
    Warn your kids. This is their competition and strategy for ALL companies who outsource. Nobody wins other than the execs and big shareholders. They throw crumbs of RSU/stocks at a few to prevent revolt and to claim they reward merit.
    Feb 5 0
  • Bank of America Ruy-Lopez
    Couldn’t agree more.. that’s why they are bodyshope
    Feb 5 0
  • New Aanya
    Let me tell you one interesting story, my friend who is working for Bosch( low ball salary), he wanted to leave his comp, and asked his manager to increase salary. His manager sent him Europe for 2 weeks for onsite but didn’t increase single penny just to retain him. Working Onsite is dream for every body shop workers.
    Feb 5 0
  • Thank you for the post💯
    Nov 19 0
  • Financial Engines / Data frugalguy
    A valid question is to ask is what is the alternative to these 1000s of new grads. I think someone bigger than these companies need to do something. not sure who can play that role plus what they can do. I am hoping over time the on-site glamour comes down as India catches up with Western counties on infrastructure.. but that might be 10 years away at the least.
    Feb 5 0
  • Oath waterfron
    OP
    Yeah. Need to make new comers and kids aware of this
    Feb 5 0

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