Yuva Gkpathm’s Post

🏙️ Bengaluru Remains a GCC Hub, Despite Tier-2 & 3 Cities Gaining Momentum While Tier-2 and Tier-3 cities are starting to make an impact, Bengaluru continues to dominate as India’s Global Capability Center (GCC) hub. A new report highlights how these smaller cities are gaining traction but remain far behind in terms of infrastructure and talent pool when compared to Bengaluru’s established ecosystem. Key takeaways: 🔹 Bengaluru’s Stronghold: As the go-to city for multinational companies, Bengaluru’s infrastructure, tech talent, and innovative culture keep it at the forefront of the GCC landscape. 🔹 Tier-2 & 3 Growth: Cities like Pune and Chennai are growing in appeal for GCCs due to cost advantages and government incentives but still face challenges in scaling. As global companies continue to expand their footprints in India, Bengaluru remains a critical player in the GCC growth story. 🌐💼 🔗 Read more The Economic Times: https://lnkd.in/dMMUzJk9 #GCC #Bengaluru #TechHub #GlobalCapabilityCenter #IndiaTech #BusinessExpansion #TechTalent #InnovationHub #Tier2Cities #BusinessGrowth #ITIndustry

Here is the distribution of employees working in GCCs across major cities in India. >> Bangalore Dominance: Bangalore is the leading hub for GCCs in India, with 28% of employees based there. This is likely due to the city's strong IT infrastructure, availability of skilled talent, and well-established ecosystem of technology companies. >> Concentration in Top 3 Cities: A significant 65% of the GCCs workforce is concentrated in just three cities—Bangalore, Mumbai, and Delhi NCR. This indicates a high level of centralization in key urban centers, where infrastructure, talent, and business ecosystems are most robust. For more such insights, read our complete report on 'The State of GCCs in India - 2024' here: https://lnkd.in/gd3-wJ_C AIM #StateofGCCsinIndia #GCCsinIndia #IndiaGCCs #AIMResearch #

    Future of GCCs in India -A Vision 2030 Here’s what’s happening: ü Global capability centers (GCC) have been mushrooming in India over the past few years, GCCs continue to play a pivotal role for multinational corporations, as they move up in the value chain to become centers of excellence for innovation and driving digital mindsets ü The GCC market size is expected to cross US$100b by the year 2030, and most likely to be around US$110b ü The compound annual growth rate (CAGR) growth from 2019 to 2023 is 11%, and the expected CAGR growth from 2023 to 2030 is 14%. ü It is estimated that by 2030, there will be 2400 GCCs across India, and that number can even cross 2500 as India is emerging as the world’s technology and services hub. Top GCC trends ü Centers of Excellence (CoE) ü Moving from ‘cost’ to 'profit' center ü Revisit Employee Value Proposition (EVP) ü Expansion of functions GCC Hubs: ü In India, the focus cities for GCC set-ups continue to remain Bengaluru, Hyderabad, Chennai, Mumbai, Pune and Delhi NCR. ü Tier-II cities such as Visakhapatnam, Jaipur, Vadodara, Kochi, Chandigarh are becoming popular for new set-ups owing to their improving infrastructure, favourable state policies, and lower real estate and talent costs. Coimbatore is emerging as the next big GCC hub post-Chennai in Tamil Nadu. The total number of new GCC set-ups every year can jump up to 115 Growth in GCC talent pool: ü Estimated that by 2030, the GCC industry is expected to have a headcount of over 4.5 million (refer to figure 4) as compared to the current base of 1.9 million. Another key agenda that is becoming important is the Diversity, Equity, and Inclusion (DEI) ü The overall cost per FTE will increase from the current level of US$29,100 to US$37,760 by 2030   Cost per FTE ü The cost per FTE has increased by 27% from the year 2019 to 2023. However, it is expected to increase by 30% from now till 2030. 85% of the overall cost per FTE are salaried, while the remaining costs include travel, facility, IT, and communications #GCCs #BusinessStrategy #FutureofGCCs

"India's tier II and tier III cities are becoming pivotal in scaling up GCCs; house about 7% of total GCC units in FY2024, up from about 5% in FY2019." -The Zinnov-Nasscom India GCC Landscape Report said . . . Even though Bengaluru remains the main hub for Global Capability Centres in India, but its share of these centres has dropped by 4.4 percentage points over the last five years, according to an The Economic Times analysis. While the number of GCCs in the city grew by 41%, from about 620 in 2018-19 to around 875 in 2023-24, Bengaluru's overall share fell from 33.8% to 29.4% during this period. Sangeeta Gupta, the chief strategy officer at nasscom, explained that Bengaluru already has the highest number of GCCs, and many of these companies have become well-established. As a result, some of them may have opened second or third centers in smaller cities. Read more at: https://lnkd.in/gt4UGbx6

It's impressive to see GCC - Global Capacity Center making waves with extensive coverage in leading papers like "Time of India." Rarely have we witnessed such a flurry of articles in such a short time span. With the job market in India being influenced by these new GCCs, the spotlight is now shifting towards tier 2 cities such as Indore, Bhubaneswar, Jaipur, Vishakhapatnam, among others. As GCCs emerge as "powertrains of innovation," India's significance as a service and R&D hub for global MNCs is set to remain robust in the foreseeable future. Exciting developments in recent past include expansion / new GCCs in India by global players like French pharma giant - Sanofi, Adidas, Verizon, Flutter entertainment, Evernorth, and Comcast. #GCC #GlobalCapacityCenter #Innovation #fianncesharedservice https://lnkd.in/gGWqwGvw https://lnkd.in/gByfxd9v https://lnkd.in/gCmpmD_w https://lnkd.in/gCfpBvfw

For decades, India’s economic growth story has been synonymous with its bustling metropolises like Mumbai, Delhi, and Bangalore. These megacities have attracted talent, investment, and industry, transforming themselves into economic powerhouses. However, a new wave is rising – the rise of Tier 2 and Tier 3 cities. These smaller cities are shedding their sleepy town labels and emerging as vibrant economic hubs in their own right. This shift presents a compelling opportunity for businesses seeking to tap into a growing market and a diverse talent pool with executive talent in India. But before you pack your bags and head to the nearest up-and-coming city, let’s dive deeper into this phenomenon...https://lnkd.in/e8qXV3TK #India #executives #talentacquisition

#PMRIndustryGrowth Top 5 #GCC (Global Capacity Centre) hosting cities. #Pune has highest % growth followed by #Mumbai! % Share in 2024 / % Share in 2019/ %Rise or Fall 1) Bengaluru 29.4%/ 33.8%/ -13% 2) Delhi NCR 15.6%/ 15.5%/ +.01% 3) Mumbai 12.2%/ 11.7%/ +4.2% 4) Pune 12.1%/ 11.4%/ +6.1% 5) Hyderabad 12.0% / 12.5%/ -4% https://lnkd.in/dMHAtZR4

Is Hyderabad the New Powerhouse for Investment? Over the past year, Hyderabad has overtaken Bangalore in the number of billionaires, rising to the #3 spot after Mumbai and Delhi. But that’s just the beginning. Here’s why investors are betting big on Hyderabad: Telangana’s Economic Boom: Over the past 5 years, Telangana has maintained a robust growth rate of 14% p.a., and Hyderabad is projected to grow at a staggering 8.5% p.a. until 2030, making it the 4th fastest-growing city in the world. Real Estate Revolution: Among Indian metros, Hyderabad leads in real estate growth, attracting both residential and commercial investments due to its affordable property prices and rapid infrastructure development. Retail Goldmine: The revenue-to-rent ratio in Hyderabad’s retail sector outshines cities like NCR, Bangalore, and Mumbai, offering businesses a lucrative opportunity to maximize returns. Tech & Startup Hub: With global giants like Amazon, Google, and Microsoft expanding their footprint, Hyderabad is rapidly becoming India’s premier tech destination. The city's focus on innovation is driving an ecosystem ripe for startups and new ventures. Hyderabad Pharma City, the world’s largest pharma cluster, is now attracting massive global pharmaceutical investments. With billions pouring into healthcare manufacturing, the city is poised to become a global leader in pharmaceutical exports. Recent investments from IT majors and multinational companies in the city's IT corridors signal continued growth in the technology and digital services sectors, further solidifying Hyderabad’s position as a tech hub. #HyderabadRising #InvestmentOpportunities #RealEstateGrowth #IndiaGrowthStory #TelanganaBoom #TechHub #RetailSuccess #HyderabadPharmaCity #StartupEcosystem

For decades, India’s economic growth story has been synonymous with its bustling metropolises like Mumbai, Delhi, and Bangalore. These megacities have attracted talent, investment, and industry, transforming themselves into economic powerhouses. However, a new wave is rising – the rise of Tier 2 and Tier 3 cities. These smaller cities are shedding their sleepy town labels and emerging as vibrant economic hubs in their own right. This shift presents a compelling opportunity for businesses seeking to tap into a growing market and a diverse talent pool with executive talent in India. But before you pack your bags and head to the nearest up-and-coming city, let’s dive deeper into this phenomenon...https://lnkd.in/eeZ6CiND #India #executives #talentacquisition

For decades, India’s economic growth story has been synonymous with its bustling metropolises like Mumbai, Delhi, and Bangalore. These megacities have attracted talent, investment, and industry, transforming themselves into economic powerhouses. However, a new wave is rising – the rise of Tier 2 and Tier 3 cities. These smaller cities are shedding their sleepy town labels and emerging as vibrant economic hubs in their own right. This shift presents a compelling opportunity for businesses seeking to tap into a growing market and a diverse talent pool with executive talent in India. But before you pack your bags and head to the nearest up-and-coming city, let’s dive deeper into this phenomenon...https://lnkd.in/e_cnwTVJ #India #executives #talentacquisition