HCLTech Doubles Down on GCC Focus, Expects Demand Surge
23 Apr 2025 / 03 min read
HCLTech, a leading software major, plans to ramp up its focus on Global Capability Centres (GCCs) in India, after partnering with over 200 such captives across the country. The company declared India-specific revenue numbers for the first time, highlighting the country’s growing significance as a major focus area.
HCLTech, a leading software major, plans to ramp up its focus on Global Capability Centres (GCCs) in India, after partnering with over 200 such captives across the country. The company declared India-specific revenue numbers for the first time, highlighting the country’s growing significance as a major focus area.
“We’re already present in more than 200 GCCs across the Indian landscape and we’re going to double down our focus on GCCs”, said C Vijayakumar, CEO & Managing Director, HCLTech, while addressing a press conference after declaring the Q4 results.
GCCs have gained significant traction in recent years, with India emerging as the GCC capital of the world. According to the Economic Survey 2024, expansion and investments by multinational companies are set to contribute roughly 3.5 percent of India’s GDP by 2030, generating an estimated revenue of $121 billion by then.
HCLTech has been working with GCCs since 2012 and offers multiple engagement models, including Workforce Deployment, Build, Own, Operate and Transfer (BOOT/BOT) model, Strategic Joint Ventures (JVs), and IP Partnerships. The company sees a potential demand surge in this segment, driven by the growing presence of APAC-based companies in India.
A spokesperson from HCLTech told Moneycontrol.com that the company expects a significant increase in demand for GCC services, driven by the US and EMEA-based companies, which currently hold the lion’s share of the 1,600-odd GCCs in India. “We see a potential demand surge in this segment. While the US and EMEA hold the lion’s share of the 1,600-odd GCCs in India, several APAC-based companies are also looking at India”, the spokesperson added.
HCLTech’s decision to double down on its GCC focus in India reflects the company’s confidence in the country’s potential as a hub for innovation and technology. With new announcements expected in the coming weeks, the company is poised to further strengthen its position in the GCC space.
