HCLTech partners with over 200 GCCs in India, plans to ramp up focus

HCL

Software major HCLTech plans to double down its focus on Global Capability Centres (GCCs) in India, after partnering with more than 200 such captives across the country. The company said new announcements will be shared in the coming weeks.

“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.

A GCC is a captive unit set up by a company to carry out information technology (IT) and related business functions.

GCCs have gained significance in recent years, as highlighted by the Economic Survey 2024, which revealed that 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.

India is now being hailed as the GCC capital of the world.

Meanwhile, the company has also declared India-specific revenue numbers for the first time, as the country has become a big focus area for it. “We are looking at our services and software to be positioned in this market. So we'll continue to invest and grow our India business,” Vijayakumar added.

The Indian geography decreased by 5 percent to 3.3 percent in the year ended March 31, 2025. “Since it's a smaller base, even a minor change would show as a bigger percentage… but India is a big focus.”

However, HCLTech has been working with GCCs since 2012.

A spokesperson from HCLTech earlier told Moneycontrol that the company offers multiple engagement models for GCCs, like Workforce Deployment, Build, Own, Operate and Transfer (BOOT/BOT) model, Strategic Joint Ventures (JVs), and IP Partnerships.

However, the model varies with the maturity of the GCC, the spokesperson from HCLTech added.

“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.

Also, read: GCCs outpace IT in 2024; way ahead in job addition, export revenue