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The growth of global capability centers (#gcc ) has been remarkable in recent times. In the beginning, multinational companies (MNCs) set up offshore facilities to manage their low-value business processes. This offshoring was done to primarily gain a cost advantage. They looked for places where cheap, educated, and skilled labour pools were available to set up these offshore facilities. These facilities then evolved into shared service centers for research and development, human resources (HR) management, innovation, and business transformation. But in recent times, MNCs have focused on setting up GCCs. These are world-class centers of excellence that help MNC lead their digital transformation strategies led by innovation and technology. New competencies and capabilities are developed, nurtured, and scaled up in these centers.

Tech Mahindra, India's fifth-largest IT services firm, reported a 41% decline in Q4 net profit to Rs 661 crore, primarily due to a slowdown in its telecom, communications, media, and entertainment business.  Revenue fell 6.2% YoY to Rs 12,871.30 crore. However, profit grew 29.6% sequentially due to a one-off gain. CEO Mohit Joshi expressed confidence in improvement from Q1 FY25 but expects volatility between quarters.  The Pune-headquartered firm's largest vertical, telecom, contributes 36.5% of its market share. Tech Mahindra offers skill courses to enhance tech prowess amid challenges.

Tech Mahindra, India's fifth-largest IT services firm, reported a 41% decline in Q4 net profit to Rs 661 crore, primarily due to a slowdown in its telecom, communications, media, and entertainment business.  Revenue fell 6.2% YoY to Rs 12,871.30 crore. However, profit grew 29.6% sequentially due to a one-off gain. CEO Mohit Joshi expressed confidence in improvement from Q1 FY25 but expects volatility between quarters.  The Pune-headquartered firm's largest vertical, telecom, contributes 36.5% of its market share. Tech Mahindra offers skill courses to enhance tech prowess amid challenges.

Mid-size Companies Center on India to Set Up GCCs 🌍 India: The New Hub for Mid-Sized GCCs 🌍 India's appeal as a global capability center (GCC) hub isn't just for the Fortune 500 anymore. Mid-sized companies with 1,000-2,000 employees are setting up GCCs in India, drawn by cost advantages and a skilled workforce. 📊 🏙️ Bengaluru & Hyderabad lead the charge, with tech-focused GCCs driving office space growth. 🔧 Sectors like BFSI, engineering, and manufacturing are seeing a surge in interest. 💼 New entrants include firms like Flutter Entertainment, Hy-Vee Inc., and Indus Pharma. India is now adding 1 GCC every week—are you ready for the next wave of innovation? #GCCIndia #BusinessGrowth #MidSizeCompanies #Bengaluru #Hyderabad #GlobalCapabilityCenter Source- the.economictimes

Mid-size Companies Center on India to Set Up GCCs 🌍 India: The New Hub for Mid-Sized GCCs 🌍 India's appeal as a global capability center (GCC) hub isn't just for the Fortune 500 anymore. Mid-sized companies with 1,000-2,000 employees are setting up GCCs in India, drawn by cost advantages and a skilled workforce. 📊 🏙️ Bengaluru & Hyderabad lead the charge, with tech-focused GCCs driving office space growth. 🔧 Sectors like BFSI, engineering, and manufacturing are seeing a surge in interest. 💼 New entrants include firms like Flutter Entertainment, Hy-Vee Inc., and Indus Pharma. India is now adding 1 GCC every week—are you ready for the next wave of innovation? #GCCIndia #BusinessGrowth #MidSizeCompanies #Bengaluru #Hyderabad #GlobalCapabilityCenter Source- the.economictimes

GCCs in India India is a major hub for Global Capability Centers (GCCs), with around 1,600 centers currently operating in the country, and expected to increase to 1,900 by next year. This growth is reflected in the market size, which has risen from $19.6 billion in 2014-15 to $46 billion in 2022-23, achieving an 11.4% compound annual growth rate (CAGR). The total revenue generated by GCCs is projected to reach $121 billion by 2030, contributing 3.5% of India's current GDP, with $102 billion expected from exports. Employment within GCCs is another success story, with over 600,000 jobs created between 2018 and 2024. Companies such as JPMorgan Chase and Goldman Sachs have significantly expanded their presence, employing thousands of professionals across various business functions. For example, JPMorgan Chase's India operations employ 55,000 people, with 20,000 involved in technology alone. Additionally, firms like Wells Fargo and Clinisys are increasingly focusing on fresh talent through campus hiring programs. Global Capability Center (GCC) Global Capability Centers (GCCs) or Global In-house Centers (GICs) are offshore facilities set up by multinational corporations (MNCs) to handle various business functions such as IT, research and development, finance, customer support, and data analytics. These centers enable companies to centralize and optimize operations, promoting efficiency and innovation. New Opportunities and Benefits Access to a large talent pool: India has a diverse and skilled workforce across multiple cities, specializing in various domains. Cost-effective operations: By establishing centers in cost-efficient locations and streamlining processes. Driving innovation: GCCs play a critical role in the development and application of advanced technologies, promoting collaboration and experimentation. Operational excellence: These centers implement best practices and focus on continuous improvement, automation, and efficiency, setting new benchmarks for success. Supporting strategic goals: GCCs align with business objectives like digital transformation and market expansion, helping in achieving long-term goals. Agility and scalability: GCCs allow businesses to adapt quickly to market changes and scale their operations in response to new opportunities. Global collaboration: Facilitating cross-functional teamwork, GCCs enable knowledge sharing and adoption of best practices across borders, providing a competitive edge. Please let me know what you think about the Global Capabilities Centres in India. Please share your insights below. #learning #GCCs #GCCsIndia #GlobalCapabilityCenters #MNCs #IMM #IMMIndia #Corporate #Research #IndianBusiness #Growthmind #Success #CorporateWorld

💥Microsoft Expands in India with Second Pune Land Acquisition💥 💫Hinjewadi continues to attract major investments from global tech players, making it a prime location for Microsoft's expansion. 💫Microsoft has acquired a land parcel in Pune's Hinjewadi for Rs 453 crore, bolstering its presence in India. 💫In August, the company secured 66,415 sq-mt (16.4 acre) land parcels of the highest worth of approximately Rs 520 crore, in the same locality. 💫India's strong talent pool, maturing infrastructure, and favorable government policies make it an attractive market for tech expansion. 💫As a result, tech giants have the most lucrative geography to invest in where they get resources from creation to consumption. 💫Capital investment by tech giants in land and buildings often turns out to be a source of confidence in the appreciation of real estate, unlike in other countries. 💫Moreover, the government’s push to digitize land records is streamlining land acquisition processes and speeding up approvals, thus boosting global confidence in India. 💫Against the backdrop, India is now becoming a prime destination for international firms to set up operations through long-term capital commitments. Hope you find it interesting to read! Follow me (Mohit Rajani) for more such finance-related content. #equityresearch #finance #investing #investmentbanking #linkedin

Last Thursday, I met with the HCLSoftware public sector team in Delhi. It was great to hear from Dhruv Kohli about their perspective on India's market as a strategic growth opportunity and to gain insights into their GTM strategy in the country. India's public sector is driving #DigitalTransformation like never before, with #Ministries, #Central and #StateGovernments (States like #UttarPradesh, #Maharashtra, and #TamilNadu are some noteworthy examples), and especially #PSUs leading the way. Post-pandemic digitalization has turned public sector organizations into #InnovationHubs, driving numerous government-led initiatives. Programs like #DigitalIndia and #DigitalPublicInfrastructure demonstrate how technology can meet citizens' needs on a large scale. Indian Government agencies are also making significant investments in mission-critical tech projects. A special thanks to Anusha Kaul for organizing and leading these insightful discussions. All in all, a great meeting! Anurag Agarwal SUKHENDU R. IDC Asia/Pacific IDC | India

India is rapidly emerging as the go-to destination for Global Capability Centers (GCCs), attracting interest from Fortune 500 giants and a growing number of mid-sized companies. The country's cost advantages, skilled workforce, and stable business climate are driving this surge. In just the past eight months, several mid-sized GCCs, with 1,000-2,000 employees, have set up shop in India, joining the ranks of larger corporations that now employ 10,000-15,000 staff here. These centers are handling a wide array of functions, from customer support and data analysis to cutting-edge R&D. Notable new entrants include Flutter Entertainment , Hy-Vee Inc., ChampionX, Neighborly, @Blackbox, Okta, and Indus Pharma. With India’s GCCs evolving beyond traditional BPO and KPO models, they are now becoming hubs of innovation, further fueling the demand for office space in key tech cities like Bengaluru and Hyderabad, which account for 60% of all GCC leasing activity since 2021. 👉 Read more to discover why India is becoming the epicenter for global business operations and what this means for the future of GCCs. https://lnkd.in/gTXwizcR #IndiaGCC #GlobalExpansion #Fortune500 #MidSizedCompanies #BusinessGrowth #Innovation #RealEstate #Bengaluru #Hyderabad #EconomicGrowth

India's Employment Giants: Who Runs the Numbers Game? Plot twist: The Ministry of Defence employs more people than Google, Meta, and Apple combined! Turns out, Big Tech isn’t the ruler of the employment world after all. 🌏 Here’s a fun fact from a recent tech conference: I casually mentioned that TCS employs more people than the entire population of Luxembourg. A Silicon Valley exec nearly dropped his $8 artisanal coffee and mumbled, “But… but… we’re the tech capital!” 😅 Let’s break down the stats behind India’s employment supremacy: 🎖️ Ministry of Defence: 29.92L (a workforce that rivals some countries) 🚂 Indian Railways: 12.13L (probably the world’s busiest ticket counter) 💻 TCS: 6.02L (that’s enough programmers to debug the metaverse!) 📬 India Post: 4.30L (delivering far more than just your online shopping) The global contrast: While Big Tech abroad is busy announcing layoffs, Indian giants are adding more employees than the population of small European nations! 🎭 Here’s the kicker: My NRI cousin once bragged about his Silicon Valley job. I pointed out that Infosys employs more people than his entire tech park. His comeback? “But… but… we have better coffee!” 🤷♂️☕ And the ultimate stat: Even if you combine TCS, Reliance, and Infosys, their workforce is still smaller than Indian Railways! Talk about running a tight operation—or should we say, train? 🚅 So, who will dominate employment by 2030? A) Ministry of Defence (the reigning champ) B) A tech behemoth like TCS 2.0 C) A unicorn startup we haven’t met yet D) Robot overlords (kidding… we think 🤖) What’s your prediction? And if you’ve worked at any of these giants, drop your favorite “this one time at work” story below! #IndiaJobs #FutureOfWork #EmploymentTrends #CorporateInsights