The Indian IT industries sector facing the challenge of tremendous growth in the present days, retaining the best workforce to sustain organizational growth and competitiveness had become strategically important. This paper makes an attempt to study the opinion of the employees working in IT Industries in Visakhapatnam with respect to various issues and factors influencing talent retention in these organizations. The study has revealed that variables like those of Conflicts avoided among employees, Company rules and regulation made to benefit the employees, Employees Satisfaction in Working Conditions; Ergonomics to work were identified to be important retention variables preferred by respondents. Respondent demographic variables such as age had significant association with retention dimensions such as organizational image and supervisory support. Similarly marital status had significant association with working conditions and welfare as retention dimensions. On the other hand, the retention variable like Performance appraisals and stay motivated, Incentives, perks cash prizes with annual income level of the respondents. People working in IT industries in Visakhapatnam have expressed their dissatisfaction on the training and development opportunities and working hours in their organizations.