A legislation was introduced in the US House of Representatives mandating that the minimum salary of H-1B visa holders be doubled to 130,000 US dollars.
If the legislation submitted is passed, it will be very tough for American companies to use H1-B visas to hire foreign workers, including IT professionals from India.
The visa sponsors, that is the employers, are sorted by the number of Labor Condition Application (LCA) submitted. If the Bill gets passed in the US, these are the top 10 Indian companies that will get adversely affected.
Infosys the Indian multinational corporation provides business consulting, information technology and outsourcing services. With the main headquarters in Bengaluru, Infosys is the second-largest Indian IT services company by 2016 revenues. The company is the largest employer of H-1B visa professionals in the United States.
Tata consultancy services is the subsidiary of tata group. Headquartered in Mumbai TCS is providing IT, business consulting and outsourcing services. In 2016, TCS, India's largest IT outsourcing company, applied for only 4,000 new US visas, as against 14,000 in 2015, N Chandrasekaran, the company's outgoing CEO and Tata Sons' chairman-designate, said last month. TCS was granted only around 1,300 visas that year.
This multinational company is providing services on computer Software, IT services, information technology etc. Capgemini is headquartered in Paris. Capgemini US. Llc has filed 19700 labor condition applications for H1B visa and 376 labor certifications for green card from the fiscal year 2014 to 2016. Capgemini was ranked 9 among all visa sponsors.
Wipro is an Indian Information Technology Services corporation headquartered in Bangalore. Wipro Limited has filed 31173 labor condition applications for H1B visa and 987 labor certifications for green card from the fiscal year 2014 to 2016. Wipro was ranked 3 among all visa sponsors.
Larsen & Toubro, popularly known as L&T is an Indian multinational conglomerate headquartered in Mumbai. L&T Technology Services said its pre-tax profit margin may be hit by up to 2.5 per cent if the US hikes minimum salaries for H1-B visa holders to USD 1,30,000, and that it is working on alternatives, including shifting the jobs to India. 'We have over 1,600 engineers in the US and around 65 per cent of them are on H1-B visas. If the salaries were to be hiked, our calculations suggest an impact of 2-2.5 per cent on Ebidta margins," Managing Director and Chief Executive Keshab Panda said to reporters.
Accenture is a leading global professional services company providing a range of strategy, consulting, digital, technology & operations services and solutions. It has headquarters in Ireland. Accenture Llp has filed 24593 labor condition applications for H1B visa and 232 labor certifications for green card from fiscal year 2014 to 2016. Accenture was ranked 5 among all visa sponsors.
The US-based company Deloitte, provides industry-leading audit, consulting, tax, and advisory services to many of the world's most admired brands. Deloitte & Touche Llp has filed 4725 labor condition applications for H1B visa and 462 labor certifications for green card from the fiscal year 2014 to 2016. Deloitte & Touche was ranked 22 among all visa sponsors.
Cognizant is an American multinational corporation that provides digital, technology, consulting, and operations services. Cognizant is headquartered in New Jersey. Cognizant Technology Solutions U.S. Corporation has filed 11250 labor condition applications for H1B visa and 11637 labor certifications for green card from the fiscal year 2014 to 2016. Cognizant Technology Solutions was ranked 7 among all visa sponsors.
The maker of iPhone, Apple is an American multinational technology company headquartered in California. Apple company designs develop and sell consumer electronics, computer software, and online services. Apple Inc. has filed 4639 labor condition applications for H1B visa and 2096 labor certifications for green card from fiscal year 2014 to 2016. Apple was ranked 19 among all visa sponsors.
International Business Machines Corporation is an American multinational technology company, New York. IBM is operating over 170 countries in the world. IBM Corporation has filed 24359 labor condition applications for H1B visa and 744 labor certifications for green card from the fiscal year 2014 to 2016. IBM was ranked 4 among all visa sponsors.