TCS, Infosys and other Indian IT company employees on H-1B visa in the USBCCL/BIIndia
Among Indian IT companies in the US nearly 80,000 employees are there on visas with the majority using the coveted H-1B.
TCS has the largest number of employees in the US within Indian IT services companies but only 40% are on the H-1B visa.
Tech Mahindra and Cognizant half a great dependency with nearly of their US staff on H-1B.
In a bid to protect American jobs, US President Donald Trump signed an executive order on June 22 introducing restrictions on new visa applications — including the IT sector’s coveted H-1B visa.
There are currently 79,649 Indians working with Indian IT companies — including Tata Consultancy Services (TCS), Cognizant, Infosys, Tech Mahindra, HCL Technologies and Wipro — on visas in the US.
While the new visa restrictions don’t impact people who are existing visa holders, Japanese brokerage firm Nomura points out that it could lead to a further increase in the rejection rates of renewals. Renewal rejection rate has already been on the rise over the past five years increasing from around 4% in 2016 to nearly 21% in 2020 for Indian IT companies.
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Company-wise headcount of employees in the US on H-1B visasBI India
TCS has the largest number of people working in the US as compared to other IT companies with 54,874 employees. On the total strength, only 40% are on visa; the rest are local employees. Within those who are in the US on a visa, 85% are on an H-1B visa — the others are on L-1 visas.
Like TCS, Infosys too only has 40% visa holders as US staff. Tech Mahindra and Cognizant are the only two companies with half of their employees in the US on visas.
Wipro and HCL Tech was a lower dependency on the visa with only 35% of their staff in the US being non-local.
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