Latest news with #Hyderabad
Entrepreneur
8 hours ago
- Business
- Entrepreneur
Covasant's New Unit Enablr Aims to Establish 150 GCCs in 5 Years
The launch of Enablr comes at a time when the GCC landscape is experiencing unprecedented growth. India alone houses nearly 2,000 GCCs, employing close to 2 million professionals You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Hyderabad-based tech firm Covasant has launched Enablr, a business division that helps global capability centres (GCCs) set up operations in already established GCC markets. As part of its growth strategy, Enablr aims to establish 150 GCCs in India over the next five years. With AI-first approach, the company aims to offer "intelligent, tailored solutions for end-to-end GCC setup, optimization, and transformation in India," Covasant said. The launch comes at a time when the GCC landscape is experiencing unprecedented growth. India alone houses nearly 2,000 GCCs, employing close to 2 million professionals. With Enablr, Covasant aims to support both new and existing GCCs—helping companies build intelligent, future-ready centers from scratch or scale existing operations into strategic growth drivers using AI. Enablr believes that all GCCs are on a journey of value creation. As per a report by PwC India, "GCCs are growing at a CAGR of 11–12 per cent between FY25 and FY29, notably in digital-first domains like AI, data engineering, cloud, cybersecurity, and product engineering." For new entrants, the goal is to bypass common pitfalls and build a strategic asset from day one. For established centres that have already achieved operational excellence, the next frontier is to evolve into becoming true strategic partners for their global headquarters. With its proprietary AI solutions and maturity framework, Enablr delivers tailored roadmaps aligned to each enterprise's strategic intent, making every GCC's value quantifiable, scalable, and visible in the boardroom. Speaking about the launch of Enablr, C.V. Subramanyam, Chairman and Managing Director, Enablr, said, "GCCs today have evolved from just being offshore support systems to becoming the epicentre of innovation, product development, and enterprise transformation. The definition of success for a GCC has fundamentally evolved. It's no longer enough to be an efficient operation; you must be a strategic partner to the enterprise." "Enablr is built for leaders who recognize this shift. We offer enterprises a decisive edge by combining the intelligence of Agentic AI, regional expertise, operational scalability, and talent strategy. Whether you are laying the first brick or building on a decade of success, our mission is to deliver a repeatable blueprint for value creation." Enablr supports enterprises through every phase of their GCC journey: from initial strategy formulation and location advisory, to setup, talent acquisition, and continuous operational optimization. Its framework integrates regional market intelligence, advanced analytics, intelligent process automation, and a deep understanding of global talent ecosystems. The goal is to bring a paradigm shift in how enterprises design and scale GCCs using an AI-first strategy with clear, measurable outcomes.
Yahoo
20 hours ago
- Business
- Yahoo
US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say
By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first technology centre in India in Hyderabad, two people familiar with the plans told Reuters. The Global Capability Centre, handling technology and research operations and working alongside global teams, will initially employ 1,000 people and scale up, sources said. GCCs, which were once low-cost outsourcing hubs for global firms, have evolved over the last few years and are now used to support their parent organisations in multiple functions, including daily operations, finance, and research and development. India is already home to some of the global marquee brands--having their GCC operations in India. This includes companies such as JPMorgan Chase, Walmartand Target in Bengaluru while Hyderabad also hosts companies such as McDonald's, Heineken and Vanguard Group. The market size of India's global capability centres (GCCs) is likely to grow to $99 billion-$105 billion by 2030 from $64.6 billion in fiscal 2024, according to a report by IT industry body Nasscom and consulting firm Zinnov released late last year. Costco did not immediately respond to Reuters request for a comment. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say
By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first global capability centre (GCC) in India in Hyderabad, two people familiar with the plans told Reuters. The centre will initially employ 1,000 people and scale up eventually, sources said. Costco did not immediately respond to Reuters request for a comment. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say
By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first global capability centre (GCC) in India in Hyderabad, two people familiar with the plans told Reuters. The centre will initially employ 1,000 people and scale up eventually, sources said. Costco did not immediately respond to Reuters request for a comment. Sign in to access your portfolio
Reuters
a day ago
- Business
- Reuters
US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say
HYDERABAD/BENGALURU, July 21 (Reuters) - U.S. retailer Costco Wholesale Corp (COST.O), opens new tab will open its first global capability centre (GCC) in India in Hyderabad, two people familiar with the plans told Reuters. The centre will initially employ 1,000 people and scale up eventually, sources said. Costco did not immediately respond to Reuters request for a comment.
