From Feb Concall:
Mr. Sudeep Bhatia: So, that is what I had covered in my response to the previous question as well. So,
effectively, the employee cost has grown up by about INR 15 crores. And some of that is the natural
increase and based on the natural progression, because there is a 29 percent growth that you are
seeing in the revenues. So, some of that investment has gone into the business development and
ramping up some of the customer facing and operations kind of workforce. But at the same time, as
we mentioned, the company is growing from three business verticals to seven business verticals. And
these four business verticals, which are in the initial phases, do require some investment. And the
investment is going to be in the form of people and talent who will create these technologies and that
will sell in the marketplace. And second aspect is making sure that some of these products are readyfor demo when we go to the clients. So, effectively, these investments have resulted in this growth in
the employment cost. As we move forward from here. I mean, there are no significant plans to sort of
grow the employee base in the same proportion. So, you can expect almost sort of similar levels
plus/minus the economic changes.
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