Edtech and skilling major upGrad has announced a significant milestone by creating over 55,000 jobs in FY24 across major cities in India. This impressive feat encompasses new job opportunities, career transitions, and promotions in nearly 3,000 national and global companies. The annual CTC for these placements ranges from Rs 4.5 LPA to a maximum of Rs 1.80 crore, showcasing the diverse range of opportunities provided by upGrad.
The hiring focus was primarily on marketing, data, and tech domains, with approximately 50% of placements concentrated in cities like Mumbai, New Delhi, Bengaluru, and Chennai. Following these prominent locations, cities such as Pune, Kolkata, Hyderabad, Noida, Gurgaon, and Ahmedabad, along with states like Karnataka, Telangana, and Tamil Nadu, also saw significant job placements.
Noteworthy is the fact that women professionals constituted a majority of individuals who opted to upskill for enhanced career growth or to re-enter the workforce through ‘returnship’ programs. Additionally, upGrad’s free courses in GenAI, Data, AI/ML, and technology witnessed over 1.4 lakh enrollments, indicating a growing interest in acquiring new skills and knowledge.
Mayank Kumar, Co-founder & MD of upGrad, highlighted the company’s commitment to providing a comprehensive learning suite that is tailored to drive tangible career outcomes for learners. With a focus on equipping individuals at different career stages with practical skills through extensive training and learning opportunities, upGrad aims to empower professionals to thrive in today’s competitive job market.
In FY24, upGrad’s Enterprise arm also played a pivotal role in upskilling and training around 600,000 corporate professionals. Serving over 1,000 mid and large-sized clients, including Fortune 500 companies, upGrad has solidified its position as India’s largest integrated learning and skilling major. The company’s strategic investments, robust university partnerships, and innovative pedagogy have enabled it to expand its reach and impact in the education and skilling space.
Overall, upGrad’s achievement of creating 55,000 jobs in FY24 underscores its dedication to driving meaningful employment opportunities and fostering continuous learning and growth in the workforce.
