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IPO-bound consumer electronics maker Boat reported an attrition rate of 34% among its full-time employees for the financial year ended March 31, a rise from 28% in the previous year.
The company’s attrition has been on the rise since FY23, with 107 employees leaving that year, followed by 132 in FY24 and 161 in FY25. The first quarter of FY26 saw 31 employees exit the company in just three months, as per its updated draft red herring prospectus (UDRHP) filed with the market regulator.
“Competition for senior management and other key personnel with…
