ANSR
Growth of India capability centres set to rise sharply: ANSR
India's Global Capability Centres are poised for substantial growth, with a projected 2% GDP contribution by 2030. These hubs are evolving into innovation powerhouses, driving cutting-edge projects for global companies across diverse sectors, showcasing India's transformation into a high-value destination for strategic business operations.
The fuel secretly powering India’s economy — GCCs
The growth of global capability centers (GCCs) in India is fueling various sectors and contributing significantly to the economy. With projections indicating substantial growth in the coming years, GCCs are becoming strategic assets for companies and investors, driving innovation and job creation across industries.
How the Indian GCC boom is lighting up prospects of IT firms
With India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for partnership opportunities, and even acquiring such centres.
JPMorgan to grow India headcount by 5%-7% for next few years, senior exec says
According to a senior executive, JPMorgan Chase intends to increase its workforce in India by 5%-7% annually over the coming years. This move comes as the Wall Street giant intensifies its focus on one of the most competitive talent markets worldwide to bolster its support for international operations. Currently, the New York-based bank employs approximately 55,000 individuals across five Indian cities, constituting about a fifth of its global workforce.
South side story: Can attractive sops turn Chennai into a hub for GCCs?
Can a slew of attractive sops from the state government and a competitive workforce turn Chennai into a hub for GCCs, positioning the state as a healthy alternative to Bengaluru and Hyderabad? In addition to banks and automotive firms, manufacturing, pharma, tech and product companies in the fintech space are considering setting up GCCs in Chennai.
GCCs in India looking to strengthen digital capabilities: report
Indian GCCs focus on AI/ML, data analytics. CIOs prioritize AI in 2024. ANSR report notes talent development, market growth, tech hubs like Bengaluru, Hyderabad, and emerging locations like GIFT City.
Tamil Nadu to offer sops for creation of high paying jobs in Global Capability Centres
The Tamil Nadu government plans to incentivise high-paying job creation in Global Capability Centres (GCCs) through a payroll subsidy. This initiative aims to boost competitiveness, accelerate sector growth, and attract top talent and investment to the state. However, Chennai's parochial outlook and hate politics need to be addressed for optimal impact.
HR companies find many GenAI use cases to raise efficiency
Global tech leader Service Now partnered with Hugging Face to roll out the Now LLM, an instruction fine-tuned version of a model in the StarCoder model family, for HR leaders to drive productivity and operational efficiency by reducing redundant and manual tasks. Global captive centre (GCC) scaler company ANSR has built the Nova LLM trained using Vicuna 7B model based on the Llama 2 series, trained on public and proprietary information.
90% of women not sure about DEI measures for inclusion in ANSR and Talent500 survey
A study engaged with about 3000 women pan-India to understand and evaluate their insights on representation and engagement of women workforce in modern IT teams. It unveiled critical insights, showcasing a colossal difference between perception and reality, and highlighting the gaps in gender stereotyping during interviews to a perceived absence of clear pathways for career advancement into leadership roles.
Non-US multinationals set to join GCC gold rush in India
ANSR, a company that helps Fortune 500 enterprises build, scale, and run GCCs, said at least 125 of the Fortune 500 enterprises have their GCCs in India among multiple MNCs across the globe. Currently 70% of GCC based in India are US and Canadian companies.
Adidas to set up its first Asia GCC outside China in Tamil Nadu
Adidas, headquartered in Herzogenaurach, Bavaria, will set up its Global Business Services (GBS) hub with Akhil Kapoor leading operations. This reinforces the recent boom of MNCs investing in India in large numbers to set up their GCCs.
Indian talent gets senior-level roles as GCCs mushroom
Lalit Ahuja, CEO of ANSR, said GCCs are now providing a career path to become a global employee and eventually migrate to either one of the global locations or the headquarters.
India's tech chops help GCCs to look within for solutions
ANSR, which helps set up GCCs and handles over 110 centres and 120,000 GCC talent resources, says that over 30,000 critical jobs over the past decade have been insourced from system integrators to their own payrolls by GCCs.
India’s tech edge triggers a global captives explosion
At least 20% of Forbes 2000 global cos have set up their GCCs in India till 2023 and this share is estimated to grow to up to 55% by 2030, as per data from management consultancy firm Zinnov.
GCCs on hiring spree: The reasons and the road ahead
The demand for hiring in global capability centres (GCCs) is on the rise, particularly in India. GCCs are expected to create 364,000 jobs in the country by 2023, with the banking and financial services sector accounting for 25% of the net additions. The pandemic has normalized remote work and highlighted the resilience and security of GCCs, making them more attractive to global companies.
Neiman Marcus Group to hire 600 people for India centre
The US-based retailer launched its Global Capability Centre (GCC) in India this week, where it currently employs about 60 people.
ANSR to invest $100 million in Abu Dhabi
ANSR, along with group firm Talent500, will invest $100 million towards this initiative. Through this, ANSR will work with Indian companies to set up teams in the region, with a bid to make global setup scalable and cost-competitive to India.
GIFT City, ANSR partner to build GICs, GCCs
The central government notified GICs as a financial service relating to financial products and financial services under the IFSCA Act on October 16 last year.
ANSR partners with Google Cloud to accelerate digital transformation for GCCs
The partnership will help enterprises accelerate their transition to a ‘cloud first’ strategy in support of the emerging business and technology transformation agenda.
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