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India houses more than half of the world's GCCs: Report
India houses more than half of the world's GCCs: Report

Time of India

time21-07-2025

  • Business
  • Time of India

India houses more than half of the world's GCCs: Report

India houses nearly 1,700 Global Capability Centers (GCCs) spread across Tier-1 and Tier-2 cities, accounting for around 53% of the total number of GCCs worldwide, according to property consultancy firm Vestian. From initial focus on IT support and back-office services, GCCs have now become hubs for innovation, research, and development. This transition resulted in a significant increase in the number of GCCs around the world, reaching approximately 3,200 centers. Explore courses from Top Institutes in Select a Course Category Public Policy Healthcare Data Science Digital Marketing MCA others Artificial Intelligence MBA Project Management Design Thinking Leadership Data Analytics Others PGDM Cybersecurity healthcare Data Science Management Operations Management CXO Finance Product Management Degree Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details 'India's leading office markets continue to offer a compelling value proposition to GCCs, characterized by competitive costs, a highly skilled workforce, robust infrastructure, progressive policy incentives, and a conducive business environment. However, selecting the right location remains critical to the long-term success of any GCC,' said Shrinivas Rao, FRICS, CEO, Vestian. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo The top six cities, such as Bengaluru, Hyderabad, Chennai, NCR, Mumbai, and Pune, account for 94% of the total number of GCCs in India . The rest are spread across Kolkata, Kochi, Ahmedabad, Chandigarh, Coimbatore, Vadodara, Nashik, Trivandrum, Jodhpur, Warangal, Baroda, Visakhapatnam, Bhogapuram, Jaipur, Surat, Mohali, Bhubaneswar, Indore, Mysuru, Madurai, and Bhopal. 'The rapid expansion of GCCs and large enterprises reflects this shift and is fundamentally reshaping workspace demand. Enterprises today are no longer looking for just real estate, they're looking for scale, speed, compliance, and flexibility without upfront capital. The rise in demand for large, fully managed workspaces is a direct response to this,' said Kunal Mehra, President & Co-CEO, Table Space. Live Events Table Space is offering a model built to support enterprise-grade growth from day one. While Tier-1 cities continue to lead in terms of GCC presence, the momentum is gradually shifting towards Tier-2 cities. This shift is further bolstered by the Union Budget 2025, that proposes a national framework to facilitate the expansion of GCCs into emerging Tier-2 locations. This geographical diversification is expected to drive a substantial increase in the number of GCCs nationwide. According to Vestian Research , the total number of GCCs in India is projected to exceed 2,100 by FY 2028, growing at a CAGR of 8%. On average, approximately 150 new centers are expected to be established annually. The IT-ITeS sector leads the GCC landscape in India, accounting for approximately 49% of the total number of GCCs nationwide. It is followed by the BFSI sector which holds a 17% share. Collectively, the Healthcare & Lifesciences, Engineering & Manufacturing, Consulting Services, and Telecom & Media sectors contribute around 19% to the overall number of GCCs in India.

Scientific Systems Introduces VENOM, An Autonomous Small Unmanned Surface Vehicle
Scientific Systems Introduces VENOM, An Autonomous Small Unmanned Surface Vehicle

Malaysian Reserve

time16-07-2025

  • Business
  • Malaysian Reserve

Scientific Systems Introduces VENOM, An Autonomous Small Unmanned Surface Vehicle

VENOM Is Cost-Effective, Quickly Built With Rapidly Scalable Manufacturing, And Designed To Meet The U.S. Navy's Need For sUSV Interceptors BURLINGTON, Mass., July 16, 2025 /PRNewswire/ — Scientific Systems, an industry leader in developing AI-powered autonomy for defense applications announced today the debut of its Vehicle for Expeditionary Naval Over-the-Horizon Missions (VENOM) small Unmanned Surface Vehicle (sUSV.) Designed to address the Navy's operational need for sUSV interceptors, VENOM has effectively demonstrated its seakeeping performance and autonomy behaviors during sea trials and is available now for procurement by the Department of Defense and other government agencies. VENOM is a multi-mission, 9-meter-long unmanned surface vehicle, featuring a rugged High-Density Polyethylene (HDPE) hull and a 300HP outboard diesel engine. The sUSV delivers over 35 knots of sprint speed, a greater than 500-nautical-mile range at 24 knots in moderate sea state, and a loiter capability of 130 hours, surpassing the expected requirements of the Navy. VENOM has demonstrated the ability to autonomously transit through contested water space, avoiding static and moving obstacles, loiter in an assigned operating area while monitoring for maritime surface threats, and then sprinting to interdict a noncooperative, maneuvering vessel, making it ideal for missions including force protection (kinetic and non-kinetic), persistent ISR, contested logistics, and maritime patrols & security. As an innovative, non-traditional autonomy software company, Scientific Systems joined forces with best-in-class teammates Tideman Marine and Sea Machines to deliver this software-centric unmanned surface vehicle. With manufacturing readiness secured, the team is prepared to rapidly scale delivery of this affordable, unmanned surface vehicle to meet anticipated Department of Defense needs. 'Scientific Systems was honored to work with partners to successfully test and qualify our production-ready, low-cost, autonomous VENOM interceptor that can travel hundreds of miles though contested water space,' said Scientific Systems Chief Executive Officer Kunal Mehra. 'The fact that Scientific Systems is leading a team of partners for this vehicle underscores the reality that the future of warfare is software driven. We are proud to continue to develop the type of cutting-edge autonomous solutions the U.S Navy needs to confront a new generation of threats at sea.' VENOM features a hull made from high-density polyethylene (HDPE), providing exceptional durability and strong resistance to hull fouling. Partner Tideman Marine is the world leader in welded HDPE vessel construction in terms of total number of boats, total number of contracts, and pedigree of success. Designed to meet future demands, VENOM is architected to enable mission-level collaboration amongst large numbers of autonomous vessels – a key enabler of the Navy's vision for large scale USV operations. Further information about the VENOM unmanned surface vehicle is available on the Scientific Systems website. About Scientific Systems Company, Inc. Scientific Systems Company, Inc. (SSCI) focuses on the creation of Autonomy and AI/ML-enabled capabilities to command, control, communicate with, and manage composable collections of intelligent agents, smart sensors, and autonomous platforms across the domains of space, air, land, and sea. Founded in 1990, the company invents disruptive technologies that are laying the groundwork for affordable mass while building trusted solutions for our customers' most challenging missions. To learn more, visit

Hillhouse-Backed India Startup's Founder Taps Private Credit
Hillhouse-Backed India Startup's Founder Taps Private Credit

Bloomberg

time26-06-2025

  • Business
  • Bloomberg

Hillhouse-Backed India Startup's Founder Taps Private Credit

A founder of Indian workspace startup Table Space raised about 2 billion rupees ($23.3 million) from private credit funds to finance the purchase of a stake in the company ahead of its planned initial public offering, according to people familiar with the matter. Kunal Mehra, president and co-CEO of the Bangalore-based company, is buying the stake from an angel investor, the people said, who asked not to be identified because the information is confidential. Mehra raised the funds from creditors including Avendus Group, the largest lender to the deal, and InCred Alternative Investments Pvt, they added.

Make a real memory with your dad, head to these exciting events happening in Delhi-NCR today
Make a real memory with your dad, head to these exciting events happening in Delhi-NCR today

Hindustan Times

time15-06-2025

  • Entertainment
  • Hindustan Times

Make a real memory with your dad, head to these exciting events happening in Delhi-NCR today

If your dad's a cocktail lover, head to a special workshop where you'll learn to mix everything from a classic Old Fashioned to quirky infusions together. 'It's not just about the drinks, it's about seeing a new side of your dad,' says Aman, the floor manager. Kunal Mehra, from Noida, adds, 'We've always had a silent competition about who makes the better drink — guess we'll find out!' Where: BeeYoung Brewgarden, Malviya Nagar When: June 15 Timing: 2pm to 4pm Nearest Metro Station: Malviya Nagar on the Yellow Line Price: ₹699 At a cosy Father's Day pop-up, sketch artist Gurjyot Kaur is turning dads into doodled masterpieces. While you enjoy wood-fired pizza, she'll live-sketch your dad, capturing his quirks on canvas. 'Whether your dad's a superhero or just hilariously grumpy before coffee, I sketch him exactly how you see him — raw, real and full of heart,' says Gurjyot. Aditi Maheshwari, a DU student, shares, 'I told dad about it and he said, 'Guess I should look like a stud, then!' He's secretly excited.' Where: Cecilia Pizzeria, Kailash Colony When: June 15 Timing: 2pm to 4pm and 7pm to 9pm Nearest Metro Station: Kailash Colony on the Violet Line Price: Free with dining A post shared by Bee Buddy (@ Rewind to your childhood with a workshop designed to bring out the kid in both of you. Think magic shows, storytelling and even fabric painting. 'We want to bring back that old-school dad-kid joy,' says Sreemoyee Gangopadhyay of Studio SMAC, adding, 'A teen told us she's surprising her dad — she was so excited, and that tells us we're onto something special.' Design matching tees, splash colours, enjoy snacks and go home with a handmade souvenir. Where: Studio SMAC, Greater Kailash II When: June 15 Timing: 2pm to 4pm Nearest Metro Station: Greater Kailash on the Magenta Line Price: ₹1,500 A post shared by The Fun Burrow | Indoor Soft Play Area and Cafe (@thefunburrow) This curated adventure called Spy Mission with Superdad is for fathers who want to live out their hero moments. For children up to 12 years old, this event lets father-kid duos team up to save the day. 'There's nothing like watching your dad crack clues and lead the way,' says event manager Uma Rai. Top teams win mystery prizes that match the vibe — fun, fearless, and brag-worthy. Where: The Fun Burrow, Sector 82A, Gurugram When: June 15 Timing: 2pm Nearest Metro Station: IFFCO Chowk on the Yellow Line Price: ₹350 to ₹850

Table Space launches 180,000 sq ft managed office centre in Bengaluru
Table Space launches 180,000 sq ft managed office centre in Bengaluru

Hindustan Times

time11-06-2025

  • Business
  • Hindustan Times

Table Space launches 180,000 sq ft managed office centre in Bengaluru

Managed workspace provider Table Space has launched a new 180,000 sq ft centre at Embassy Manyata Business Park, located on Bengaluru's Outer Ring Road (ORR), a prime hub for Global Capability Centres (GCCs). The newly opened facility in MFAR 2B Embassy Manyata Business Park spans six floors (B+G+5) and covers over 180,000 sq ft, further consolidating Table Space's presence in Bengaluru's commercial office market. With this addition, the company now operates multiple centres along the ORR, one of India's leading tech corridors, as well as several other locations across the city. Kunal Mehra, co-CEO and president, Table Space said, 'India continues to be a global hotspot for enterprise expansion, with rising demand for agile, scalable and premium workspaces across sectors such as IT/ITeS, BFSI, healthcare, and advanced tech." "The launch of Table Space MFAR 2B Embassy Manyata Business Park further strengthens our commitment to this momentum. It marks another milestone in our growth journey in Bengaluru,' he said. Table Space currently manages a portfolio of over 9 million sq. ft. of office space across key cities, including Bengaluru, Delhi-NCR, Pune, Hyderabad, Mumbai, and Chennai.

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