Captive units of global IT firms may hire 1.5 lakh in next 2 years
Once considered an add-on to the main business, GIC market may have touched $28.3 billion in the just-concluded financial year, according to Nasscom.
The country has over 1,200 tech-focused global in-house centres (GICs), of which more than a third are pure tech-focused companies that build critical technology for parent entities. These include chip makers such as Texas Instruments, Intel, AMD and Qualcomm.
“GICs have developed as powerful value creators by scaling the footprint of their parent enterprises in India and further driving innovation,” said Rituparna Chakraborty, cofounder of staffing firm Teamlease. “Business growth and employee growth figures are pretty much in the same line. So, such an employee growth seems reliable.”
Industry body Nasscom said the contribution of GICs has grown significantly in the past three to four years. The GIC market size, which was nearly $19.4 billion in financial year 2015, is believed to have touched $28.3 billion in the just-concluded financial year, according to Nasscom. In terms of installed GIC talent, the workforce in fiscal 2015 was about 7.45 lakh, while it was close to a million in fiscal year 2019.
The number of employees would see an “estimated 14% growth”, Chakraborty said. “Additionally, the digital talent across industry verticals continued to rise in the last few years,” said a senior Nasscom executive. “Among the centres, Bengaluru continues to have the largest share of GICs in India with 50% of the total talent base.” GICs are also focusing on reskilling and upskilling employees to meet demand for talent in emerging domains such as AI, cloud computing and data science.