2 weeks Ago By Varun Keval
A latest Nasscom-Gennova report highlights the growing importance of mid-market Global Capability Centers (GCCs) in India’s tech sector. GCSs are created by tech companies with annual revenues between $100 million and $1 billion. These centers focus on specialized services with low costs.
India currently has 480 mid-market GCCs, employing 2.10 lakh people, and 45 new centers have opened in the past two years. Bengaluru, along with Hyderabad, NCR Delhi, and Chennai, is a major hub for these centers, making up 74% of the new ones.
Bengaluru’s large pool of tech talent makes it a top choice for new GCCs. Despite challenges like attracting skilled workers and building partnerships with startups, India’s mid-market GCCs are growing fast, with strong future opportunities. The global market for such companies is vast, with up to 1.
5 lakh firms worldwide, many from the US, UK, Germany, and Japan, presenting a chance for India to attract even more GCCs..
