GCC boom fuels US demand, US firms drive one-third of office demand in top Indian cities; Bengaluru leads office space race among top 7 cities – Times of India

GCC boom fuels US demand, US firms drive one-third of office demand in top Indian cities; Bengaluru leads office space race among top 7 cities – Times of India

US-based companies have emerged as the single-largest contributors to India’s office space demand in recent years, accounting for over one-third of gross leasing across the top seven cities between 2022 and 2024, according to data from real estate consultancy JLL India.During the three-year period, total office leasing across Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad and…

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India-based GCCs lead global shift in tax operations, says Deloitte whitepaper; 76% handling cross-border functions – Times of India

India-based GCCs lead global shift in tax operations, says Deloitte whitepaper; 76% handling cross-border functions – Times of India

India-based Global Capability Centres (GCCs) have emerged as strategic hubs for multinational companies to manage complex global tax operations, including corporate tax, indirect tax, transfer pricing, and litigation, according to a whitepaper released by Deloitte India.The report, titled Transforming Global Tax Functions: The GCC Advantage, highlights how GCCs are evolving beyond back-office functions to offer…

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India sees growth in mid-market GCCs – Times of India

India sees growth in mid-market GCCs – Times of India

BENGALURU: India is experiencing an uptick in mid-market global capability centres (GCCs). The country witnessed over 140 greenfield GCCs come up during the past 30 months, according to data from HR consultancy firm Xpheno’s research. These GCCs initially planned for 70,000 positions, with individual centres targeting between 50 to 3,000 roles.A recent Nasscom-Zinnov report showed…

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Insourcing: ‘Mid-mkt’ centres drive GCC boom – Times of India

Insourcing: ‘Mid-mkt’ centres drive GCC boom – Times of India

HYDERABAD: India’s mid-market GCCs (global capability centres) are experiencing a surge, outshining their peers by unlocking new opportunities. This growth is creating a flywheel effect, allowing them to leverage a diverse talent pool. India has over 480 mid-market GCCs, with 2.1 lakh employees, as shown in a Nasscom-Zinnov report. Mid-market GCCs are capability centres set…

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Global capability centres boost hiring from IT companies – The Times of India

Global capability centres boost hiring from IT companies – The Times of India

BENGALURU: Global capability centres are increasingly recruiting talent from IT services companies, with approximately half their workforce now sourced directly from these firms. Data from HR consultancy Xpheno indicates that GCCs have modified their recruitment approach, incorporating both experienced professionals and fresh graduates.Recent statistics reveal GCCs now source 45-48% of their workforce from IT firms,…

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