Happy new year 2024, everyone.
Scuttlebutt from EPFO website to get a feeling of salaries and increments, number of employee etc. I will be doing that in coming days.
I did some analysis of the number of employee data reported to EPFO. Company has been recruiting people continuously and currently have 121 employee as of Nov 23.
They are consistently adding more than 20% workforce every year except for last couple of years where the growth is >15%. Though we still have 4 months left in 2023/24. There is a sudden dip in Dec-18 causing a substantial reduction in number of employee and they are back to Mar-18 numbers in Mar-20.
Interestingly revenue per employee peaked in Mar-20 (~1cr) and again started rising after Covid dip, they are still behind the Mar-20 peak. Profit per employee is consistently around 16 lakhs. New business orders in coming quarters should help increase these numbers (operating leverage kicking in), as long as company is hiring workforce this should be a good sign that company is in expansion phase and trying to become a pioneer in the field they are operating in.
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