Attrition rate in IT Industry: Why is Info Edge poised for gains from all-time high attrition? Zee Business research explains

Attrition in the Indian IT sector is at an all-time high. Even in the Q4 of companies, they faced a very high attrition rate. But to increasing attrition rate, there is one company that seems to be benefitting. Zee Business' Research Analyst Varun Dubey breaks down the data on Info Edge revenue in the past.

In FY19, the attrition rate was at 17 per cent, and the revenue generated by Info Edge was reported to be around Rs 850 crore. In FY20, the attrition rate was almost the same. However, the company's revenue grew to Rs 900 crore, Dubey said.

When the attrition rate dropped in FY21 to 12 per cent, the company recorded a revenue of around Rs 806 crore, he added.

In 9 months of FY22, the attrition rate was 17 per cent, and the company revenue was at Rs 700 crore.

If extrapolated, the company will show a growth of 65 per cent to 70 per cent, according to the Analyst. 

The attrition rate currently has increased from up to 20 per cent to 23 per cent. In fact, the company's management has even claimed that the hiring and attrition rate has reached an all-time high of 15 years, Dubey said.

Zee Business Managing Editor Anil Singhvi said Info Edge is one of the biggest investors in startups. 

Earlier, the employees used to be very less in number, but if there are a higher number of employees, the base will be higher as well.

The increasing demand for employees is expected to provide an impetus for the growth of Info Edge.

Market Expert Siddharth Sedani said that Naukri.Com is a great company, and the increasing attrition rate is good news from Info Edge.

Market Expert Rakesh Bansal said that Info Edge could boom up to Rs 10,000. The company has its stake in popular companies like Zomato and Policy Bazaar.

Along with owning Naurki.com, Info Edge also owns a 99acres.com

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