HCLTech, one of India’s leading software and IT services companies, has announced an intensified focus on Global Capability Centres (GCCs) in India, following partnerships with more than 200 such centres across the country. This strategic push comes as India continues to solidify its position as the GCC capital of the world
Doubling Down on GCC Engagements
At a recent press conference following the company’s Q4 results, C Vijayakumar, CEO & Managing Director of HCLTech, stated:
“We’re already present in more than 200 GCCs across the Indian landscape and we’re going to double down our focus on GCCs.”
HCLTech has been associated with GCCs since 2012, providing a range of services to support their IT and business operations
“We’re already present in more than 200 GCCs across the Indian landscape and we’re going to double down our focus on GCCs.”
HCLTech has been associated with GCCs since 2012, providing a range of services to support their IT and business operations
India-Specific Revenue Numbers Announced for the First Time
In a notable development, the company has declared India-specific revenue figures for the first time, highlighting the country as a key market for growth
“We are looking at our services and software to be positioned in this market. So we’ll continue to invest and grow our India business,” said Vijayakumar
Although the Indian geography’s share of HCLTech’s global revenue decreased from 5% to 3.3% in FY 2024-25, Vijayakumar noted that the change reflects the smaller base rather than diminished importance
“We are looking at our services and software to be positioned in this market. So we’ll continue to invest and grow our India business,” said Vijayakumar
Although the Indian geography’s share of HCLTech’s global revenue decreased from 5% to 3.3% in FY 2024-25, Vijayakumar noted that the change reflects the smaller base rather than diminished importance
GCCs: A High-Growth Opportunity
Global Capability Centres have emerged as a powerful engine of economic and technological growth in India. According to the Economic Survey 2024, expansion by multinational companies through GCCs is expected to:
- Contribute 3.5% to India’s GDP by 2030
- Generate approximately $121 billion in revenue
India currently hosts around 1,600 GCCs, with the US and EMEA regions representing the majority. However, interest from APAC-based companies is also on the rise
Flexible Engagement Models for GCCs
An HCLTech spokesperson elaborated on the company’s varied engagement models with GCCs, tailored to the maturity level of each centre. These include:
- Workforce Deployment
- Build, Own, Operate, and Transfer (BOOT/BOT)
- Strategic Joint Ventures (JVs)
- IP Partnerships
“We see a potential demand surge in this segment, ” the spokesperson added, reinforcing the company’s commitment to supporting diverse GCC needs across sectors.
What’s Next?
HCLTech plans to make further announcements related to its GCC strategy in the coming weeks, underscoring its ambition to play a pivotal role in India’s growing digital and enterprise ecosystem
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