- 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.
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.
|Company||Staff in the US||Staff on L-1 visa||Staff on H-1B visa||Local staff||% on visa|