Indian talent gets senior-level roles as GCCs mushroom
Global Capability Centres (GCCs) in the country has led to a 40-50% increase in the number of global and senior level roles based out of India in the last five years, numbers sourced by ET show. On an overall basis, an estimated 300,000-400,000 jobs are likely to be created in the GCC sector in the next 2-3 years, according to Deloitte estimates.
In the fourth and concluding part of the Global to Local series, ET looks at the maturity and cultural shift of the talent ecosystem of GCCs and how it is driving the shift towards more global roles within Indian GCC leadership.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitMITMIT Technology Leadership and InnovationVisitSuccession Planning
For instance, Uday Odedra recently joined banking major Wells Fargo, from another banking major UBS, as its MD and head-India Philippines. Meanwhile, Arindam Banerrji, who was leading Wells Fargo, joined as country head of State Street. Meenakshi Nevatia, country head and MD of pharma company Pfizer India, moved from a similar role leading Stryker, the Indian arm of an American medical technology company.
«This (GCC talent demand) is spurred by the entire transformation of business strategy of these MNCs in India from GCC 1.0 to GCC 4.0,» said Vamsi Karavadi, director at Deloitte India, adding that there has been a 40-50% increase in the number of global and senior roles based out of India in the last five years. From primarily an operations centre, the GCCs transitioned into offshore units for analytics and reporting and then to being a market expansion centre evolving into a
