Tag Archives: Global capability centres

Hiring in India’s IT services sector has remained largely flat for the past six to seven quarters, with no visible signs of revival in the July-September period either, according to Quess Corp executive director and CEO Guruprasad Srinivasan. According to PTI, he said demand has shifted from traditional IT companies to global capability centres (GCCs) and non-IT sectors.“At least for …

India is set to retain its status as a top destination for Global Capability Centres (GCCs), with global businesses reaffirming their commitment to expanding operations in the country, according to a new report by PwC.As per news agency ANI, the study shows that fewer than 25% of business leaders surveyed are considering relocating their GCCs outside India.Instead, the focus is …

US-based companies have emerged as the single-largest contributors to India’s office space demand in recent years, accounting for over one-third of gross leasing across the top seven cities between 2022 and 2024, according to data from real estate consultancy JLL India.During the three-year period, total office leasing across Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad and Pune stood at 190 million …

India-based Global Capability Centres (GCCs) have emerged as strategic hubs for multinational companies to manage complex global tax operations, including corporate tax, indirect tax, transfer pricing, and litigation, according to a whitepaper released by Deloitte India.The report, titled Transforming Global Tax Functions: The GCC Advantage, highlights how GCCs are evolving beyond back-office functions to offer high-value tax expertise, driven by …

BENGALURU: India is experiencing an uptick in mid-market global capability centres (GCCs). The country witnessed over 140 greenfield GCCs come up during the past 30 months, according to data from HR consultancy firm Xpheno’s research. These GCCs initially planned for 70,000 positions, with individual centres targeting between 50 to 3,000 roles.A recent Nasscom-Zinnov report showed that India has over 480 …

HYDERABAD: India’s mid-market GCCs (global capability centres) are experiencing a surge, outshining their peers by unlocking new opportunities. This growth is creating a flywheel effect, allowing them to leverage a diverse talent pool. India has over 480 mid-market GCCs, with 2.1 lakh employees, as shown in a Nasscom-Zinnov report. Mid-market GCCs are capability centres set up by mid-sized firms with …

BENGALURU: Global capability centres are increasingly recruiting talent from IT services companies, with approximately half their workforce now sourced directly from these firms. Data from HR consultancy Xpheno indicates that GCCs have modified their recruitment approach, incorporating both experienced professionals and fresh graduates.Recent statistics reveal GCCs now source 45-48% of their workforce from IT firms, up from 35% in 2022-23. …

BENGALURU: India’s GCC story continues to shine this year too. India is expected to welcome more than 120 new mid-market global capability centres (GCCs) by 2026, according to research by Bengaluru and US-based ANSR, which has set up over 135 GCCs in the country. This expansion demonstrates the growing appetite from medium-sized companies seeking to leverage India’s expertise in digital …

GCCs are expected to provide an average increase of 10%, while exceptional performers could receive 15-20% increments. (AI image) Pay hike boom! Global capability centres (GCCs) are expected to offer more substantial salary increases compared to Indian IT service providers in the upcoming fiscal year beginning April, as these multinational subsidiaries aim to retain crucial talent essential for their continued …