How private equity-backed enterprises are driving the next wave of GCCs

Over 610 emerging and private equity-backed companies now run GCCs in the country, marking a shift as fast-growing mid-market firms adopt a model once dominated by global giants

A new and equally powerful chapter is unfolding, led by mid-market and private equity (PE)-backed enterprises that are setting the pace for the next wave of global enterprise growth, according to a report by ANSR and Wizmatic.

 

As of September 2025, over 610 emerging and PE-backed enterprises had established global capability centres (GCCs) in India. 

Notably, 64 per cent of all new GCCs set up in this segment since 2020 are PE-backed.This surge underscores a critical shift: The GCC model is no longer the exclusive domain of Fortune 100 companies. It has evolved