Private Equity Firms Fuel GCC Boom in India
A new wave of growth in India’s Global Capability Centres (GCCs) has been driven by private equity-backed firms, which are increasingly setting up these centres in the country to build AI, engineering, and product capabilities.
Catering to Global Clients, Not Just Cutting Costs
For years, GCCs in India were primarily seen as a means for multinational corporations to trim costs and outsource routine tasks. However, the trend is now shifting, with private equity-backed firms and mid-market companies pushing the envelope by establishing GCCs that offer advanced capabilities in AI, engineering, and product development.
Mid-market companies, which account for a growing share of India’s GCC expansion, are at the forefront of this shift. These companies are no longer content with merely cutting costs; they’re looking to build genuine capabilities to offer to their global clients.
Companies like Apollo Global Management are investing heavily in GCCs, which are now being used to develop innovative products and services, often in collaboration with top universities and research institutions.
What this means
The rise of GCCs driven by private equity-backed firms and mid-market companies has significant implications for the Indian economy and the global outsourcing landscape. As these companies establish themselves as centres of excellence for AI, engineering, and product development, they’re creating new opportunities for Indian talent and driving innovation in the country. What this means in practical terms is that Indian professionals can now expect better job opportunities, higher salaries, and more opportunities for career growth.
