Zinnov Awards 2025: Celebrating India's Global Capability Centers Redefining Value Creation on a Global Scale
Now in its 16th year, the Zinnov Awards have become the benchmark of excellence in the GCC ecosystem, spotlighting companies and leaders who are driving tangible global impact. This year's edition saw over 500 nominations from 230 companies, spanning the Technology, Healthcare, BFSI, Automotive, and Retail sectors. Following a rigorous, multi-stage evaluation process, 22 winners across 10 categories were chosen by a distinguished jury of global business and technology leaders.
With over 2,975 GCC units and India contributing USD 65 billion in annual revenues, many of these centers have evolved from support units to fully integrated strategic centers — owning product charters, building enterprise-grade AI, and creating future-ready talent ecosystems.
"Global Capability Centers are no longer satellites — they're the core of enterprise transformation. What we're seeing now is not evolution, but reinvention — GCCs owning end-to-end charters, influencing global decisions, and delivering outcomes that are directly aligned to the CEOs priorities. In this new era of AI, GCCs are not just adopting technology but owning outcomes, and architecting AI at scale. The 2025 Zinnov Award winners are proof that enterprise value today lies not at headquarters, but where capabilities and impact converge," said Nitika Goel, Managing Partner and Chief Marketing Officer, Zinnov.
The 2025 edition also introduced new categories such as Excellence in Talent Development & Employee Engagement, High-Impact Global Roles, and Titans in Tech — reflecting the expanding ambition and influence of the India GCC ecosystem.
"These winners exemplify the convergence of talent, technology, and trust," Goel added. "Their stories signal a clear message: that India is evolving into becoming the brain trust of the modern enterprise." Meet the 20 Awardees, 2025 Category Name Sub-Category Winner's Name Excellence in Talent Development & Employee Engagement Applied Materials India Private Limited DBS Tech India Epsilon Excellence in Employer Branding Micron Technology Operations India Epsilon Excellence in Customer Centricity Clean Harbors India Aatmanirbhar GCC Bonfiglioli Technology Space Continental Technical Center India Technical Role Model (Established) Anup Kumar – Stryker Global Technology Center Ayan Datta, Sandisk Technical Role Model (Emerging) Dr. Raja Sekhara Reddy D. M.
Samsung R&D Institute India - Bangalore Pvt. Ltd.
Dr. Srinivas Soumitri Miriyala – Samsung R&D Institute India - Bangalore Pvt. Ltd.
Next Generation Women Leaders K. Roopa Sheshadri – Samsung R&D Institute India - Bangalore Pvt. Ltd.
Priyanka Porwal - SAP Labs India Pvt. Ltd.
High Impact Global Roles Ericsson India Private Limited Pure Storage Great Place to Innovate Samsung R&D Institute India - Bangalore Pvt. Ltd.
Champions of Unlocking Center Value ER&D Micron Technology Operations India Lowe's India Private Limited Enterprise IT FIS Titans in Tech Bosch Global Software Technologies JPMorganChase Logo - https://mma.prnewswire.com/media/694742/Zinnov_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
3 hours ago
- Time of India
India-EFTA to take effect from October 1: Goyal
Commerce minister Piyush Goyal MUMBAI: The free trade agreement between India and the four-nation European bloc EFTA will be implemented from Oct 1, commerce and industry minister Piyush Goyal said Saturday. The two sides signed the Trade and Economic Partnership Agreement on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. "India-EFTA TEPA to come into effect from 1st Oct," Goyal said on X. The European Free Trade Association members are Iceland, Liechtenstein, Norway, and Switzerland. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
4 hours ago
- Time of India
‘Privatisation only way to mitigate Purvanchal, Dakshinanchal losses'
Amid growing protest over privatisation of power distribution companies in the state, Uttar Pradesh Power Corporation Limited chairman Ashish Kumar Goel has claimed that the corporation has decided to privatise Purvanchal and Dakshinanchal to overcome the dual challenge of mounting financial losses and operational inefficiencies in its power distribution network. This will help the corporation to bridge the staggering cash gap and pave the way for a sustainable energy future in UP, he said. In an exclusive interview with Arvind Chauhan, the UPPCL chairman said that privatisation is the only solution to mitigate the losses of Purvanchal and Dakshinanchal discoms and will benefit both consumers and the state. The Case for Privatisation The decision to privatise Purvanchal and Dakshinanchal has been taken after considering their dismal performance across technical, commercial, and financial metrics, said Goel. "These are the worst-performing discoms, leading to frequent transformers damage, tripping, poor billing quality, and low collection efficiency. Unlike better-performing regions like Noida or Lucknow, these discoms have consistently lagged and impacted UPPCL's overall financial health," Goel added. The numbers paint a grim picture. In 2024-25, UPPCL's cash gap—the difference between expenses and revenue—soared to Rs 48,515 crore, up from Rs 39,254 crore in 2023-24. Purvanchal and Dakshinanchal contributed the lion's share to this deficit. Over the past five years, expenses have grown at 8.3%, while revenue has lagged at 6.7%, leading to a cash gap increase of 12.4% annually. "This is an unsustainable model. We're in a debt trap, relying on state funds and loans to cover losses, only to repay them with interest the next year," he emphasised. Despite years of govt investment in infrastructure and loss of funding, the gap persists. About 15% of UP's non-committed budget—excluding salaries—is allocated to the energy sector, with 90% of that going toward subsidies and loss funding. This diverts funds from critical infrastructure development and welfare schemes. Privatization, Goel argued, would free up these resources for more productive uses, such as building schools, hospitals, or modernising the grid. Addressing Consumer and Employees' Concerns Consumers:Privatisation often sparks fears of tariff hikes and job losses, but UPPCL is keen to dispel these concerns. For consumers, Goel clarified that tariffs are regulated by the state's regulatory commission, and privatisation is not inherently linked to price increases. In fact, private players are expected to reduce line losses and curb power theft, which currently burden honest, paying consumers. "The honest consumer is indirectly subsidising those who don't pay," he noted. By improving efficiency, privatisation could stabilise or even lower tariffs for those who pay their bills on time. The chairman drew parallels with successful privatisation models in Delhi, Odisha, Chandigarh, and Dadra Nagar Haveli, where consumer services have improved significantly. In Agra, where Torrent supplies power, middle-class consumers report reliable service, though challenges persist for low-income households unable to pay on time. Goel acknowledged these concerns but stressed that regulatory rules govern discoms, ensuring protections for vulnerable consumers. "Electricity is a commodity. Just like a mobile bill, if you don't pay, service stops. But privatisation doesn't mean leniency will vanish—regulators will ensure fairness," he said. Employees: UPPCL has taken proactive steps to ease concerns. "No one will lose their job," Goel, the 1995 batch IAS officer, assured. Employees of Purvanchal and Dakshinanchal have three options: one, continue with the private discoms on the same or better terms. Second, return to UPPCL. Three, opt for voluntary retirement. Contractual workers, meanwhile, are likely to see increased opportunities as private discoms expand services to meet growing consumer demand. "Private players are better paymasters," Goel added, noting that UPPCL's losses currently limit salary increases. The Financial Imperative The financial rationale for privatisation is stark. The cash gap per unit of electricity is Rs 4.31 for Purvanchal, Rs 4.08 for Dakshinanchal, Rs 3.53 for Madhyanchal, Rs 2.08 for KESCO, and Rs 1.51 for Paschimanchal. These losses, coupled with Uttar Pradesh's low per capita electricity consumption of 723 units annually—compared to India's 1,331 and developed countries' 10 times higher—highlight the need for massive investment. "Govt can't fund this alone. Private investment is the only way to bridge the gap and meet rising demand," ," said Goel. Privatisation will involve selling 51% equity in the discoms, with govt retaining 49% share. As performance improves, the value of govt's stake will rise, as seen in Odisha, where private discoms have started paying dividends within five years. A stakeholder consultation on April 12 revealed strong private sector interest, signalling confidence in the model. A Broader Vision: Renewable Energy and Beyond Beyond privatisation, UPPCL is also focusing on renewable energy to meet its renewable consumption obligation. A recent 2,000 mega watt solar tender, along with agreements for wind, hydro, and battery storage, reflects a commitment to diversifying the energy mix. These efforts aim to reduce reliance on fossil fuels and align with India's sustainability goals. A Message to Skeptics To those wary of privatisation, Ashish Kumar Goel pointed to other sectors like telecom and airports, where private participation has driven innovation and improved services. "If we want a developed India by 2047, we can't rely on outdated systems. Electricity is the lifeline of modern society—powering hospitals, industries, and data centres. With aspirations rising, consumers demand uninterrupted, high-quality supply, which requires significant investment and efficiency," he said. He further said, "UPPCL's privatization push is not without challenges. A five-year transition period means results won't be immediate, and public perception remains a hurdle. Yet, we are optimistic, as we have witnessed the successful models of other states, and there is an urgent need to break free from the debt trap." "This is a win-win for consumers and govt," he concluded.


New Indian Express
4 hours ago
- New Indian Express
China begins construction of world's biggest dam over Brahmaputra in Tibet
BEIJING: China on Saturday formally started the construction of a USD 167.8 billion dam over the Brahmaputra River in Tibet, close to the Indian border in Arunachal Pradesh. Chinese Premier Li Qiang announced the start of the construction of the dam at a groundbreaking ceremony in the lower reaches of the Brahmaputra River, locally known as Yarlung Zangbo, at Nyingchi City, official media reported. The groundbreaking ceremony took place at the dam site of Nyingchi's Mainling hydropower station in Tibet Autonomous Region, state-run Xinhua news agency reported. The hydropower project, regarded as the biggest infrastructure project in the world, raised concerns in the lower riparian countries, India and Bangladesh. The project will consist of five cascade hydropower stations, with a total investment estimated at around 1.2 trillion Yuan (about USD 167.8 billion), the report said. According to a 2023 report, the hydropower station is expected to generate more than 300 billion kWh of electricity each year, enough to meet the annual needs of over 300 million people. It will primarily deliver electricity for external consumption while also addressing local demand in Tibet, which China officially refers to as Xizang. Representatives from various organisations, including the National Development and Reform Commission and the Power Construction Corporation of China and locals attended the ceremony, the report said. The project was approved in December last year.