upGrad, an integrated learning, skilling, and workforce development major, concluded FY24 with steady growth in annual placements and transitions of 55,000 in a single year. Learners have secured positions in nearly 3000 national and global companies through new jobs, career switches, and promotions, with the annual CTC ranging from a baseline of Rs 4.5 LPA to a maximum of Rs 1.80 crore.
Hiring sentiments have remained strong within the marketing, data, and tech domains, with nearly 50 percent of learners placed across major cities such as Mumbai, New Delhi, Bengaluru, and Chennai, followed by the rest across Pune, Kolkata, Hyderabad, Noida, Gurgaon, and Ahmedabad, amongst others.
Karnataka, Telangana, and Tamil Nadu regions have also remained talent-attracting markets. Post-pandemic market conditions have encouraged women professionals to either upskill for stronger career growth or re-enter the workforce through 'returnship' programs.
Out of the total pool, nearly two-thirds of transitions were made by women professionals during the year. Interestingly, upGrad has also witnessed over 1.4 lakh enrollments for their free courses in GenAI, Data, AI/ML, and Technology, reassuring the continued demand from India Inc. for instant skill-ups.
Mayank Kumar, co-founder and MD of upGrad, said, "Freshers, first-time job seekers, mid-careers, and senior professionals undergo weeks of extensive training and learning to acquire hands-on skills for real-time job benefits. Through our in-house capabilities, years of tech investments, robust university roster, and strategic business mergers, we have developed a master pedagogy that is now scalable and ready to be replicated across new geographies.”
In FY24, upGrad's Enterprise arm also upskilled and trained nearly 600,000 corporate professionals, enabling organisations maintain a ready talent pipeline. The portfolio served over 1000 mid- and large-sized clients in a year, including Fortune 500 companies, further consolidating its position as India's largest integrated learning and skilling major.
“There’s been a strong demand coming from corporations looking for a cost-effective employee-payroll model, and upskilling existing talent has helped them reduce attrition and boost retention rates. FY25 marks a significant growth year as we expand our portfolio, including university-led programs and our own-branded certs and bootcamps, along with our learner operations globally,” concluded Kumar.
