Indian GCCs emerge as stepping stone on the route to corner office

The number of MD promotes from India has grown 16.6 per cent despite the global MD promotion class size shrinking by 5.4 per cent as compared to 2021

Indian global capability centres (GCCs) are increasingly emerging as a hub for leaders with global roles. Today, several leaders from Indian GCCs handle strategic global functions, reporting directly to the C-suite at the headquarters (HQs), as opposed to the earlier days when India was seen more as a technology (tech) outsourcing unit.

GCCs, also known as global in-house centres or captives, emerged in the early 1990s as offshore units of large multinationals (MNCs) such as General Electric, Texas Instruments, Citigroup, and American Express, to perform designated tech operations.

India is currently home to about 1,580 GCCs employing 1.66 million people,