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India’ s GCCs are increasingly leading the AI mandate for global enterprises, driving global value creation: Nasscom – Zinnov Report

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BENGALURU, India, July 2, 2026 /PRNewswire/ — Nasscom, in collaboration with Zinnov, today released the findings of its latest Global Capability Centre (GCC) Landscape Report, titled, ‘GCC Value Orbit: From Delivery Engine to Enterprise Nerve Centre’.

As per the report findings, India currently hosts 2117 GCCs operating across 3,728 units and employing around 2.36 million professionals as of FY26. The number of GCCs in India has grown 32% since FY2021, with an estimated 506 of the Forbes Global 2000 companies now running operations from the country. The ecosystem’s total market revenue stands at $98.4 billion.

The report identifies four structural shifts defining India’s GCC landscape.

GCCs deepening AI capabilities across products, platforms and infrastructure

Nearly half of all GCCs established since FY2021 were built with AI as a core focus from inception. Today, more than 1,200 GCCs in India have embedded AI and machine learning capabilities, supported by over 250 dedicated Centres of Excellence and a talent base of 250,000 AI professionals.

AI is no longer a discrete project inside these centres, with GCCs moving from experimentation to deploying AI across products, internal operations, and customer offerings. Conversations have also shifted from what AI can do to how to govern it and make it economically viable at scale.

From capability to value creation

The maturity scorecard of India’s GCCs is evolving from capability focused operations to architecting decisions, AI governance and formulating enterprise-wide standards. According to the report, nearly 50% of GCCs now operate at a high maturity stage. The time to reach this level is also collapsing with 96% of GCCs established after FY2021 launched with a product or portfolio mandate. At the same time, leadership models are evolving, with 64% of site leaders now holding dual mandates that combine global functional ownership with site leadership owning mission critical responsibilities including, cybersecurity and AI governance.

Workforce strategy evolving as GCCs prioritise reskilling and redeployment

GCC hiring will continue to be resilient and at moderate pace. Organisations are prioritizing redeployment and AI-led productivity over linear headcount growth. However, AI hiring across GCCs continue to intensify with demand for AI centric skills increasing to 1.5 percentage points in the past 6 months alone.

Partnership models redefining how GCCs create value

Leading GCCs are building active partnerships with service providers, startups, academia, and government to accelerate innovation and reduce time to capability. According to the report, over 90% of leading GCCs engage with universities for talent pipelines and joint research, while more than half co-innovate with startups through open sandboxes and tech pilots. These partnerships are delivering faster R&D ownership, access to niche digital talent, and the ability to respond quickly to new business needs.

Rajesh Nambiar, President, Nasscom, said, “India’s GCC ecosystem is undergoing a fundamental reset. The shift from scale to value is now well underway, with AI acting as the catalyst. GCCs are increasingly taking ownership of global products, platforms, and business outcomes, positioning India as a strategic nerve centre for enterprises worldwide. The next phase of growth will be defined by how effectively these centres can drive enterprise-wide transformation and deliver measurable impact.”

“The India advantage today is unmistakable — one of the largest and fastest-growing pools of AI and digital talent in the world. That advantage is now translating into something far more structural. GCCs are increasingly moving beyond execution to take ownership of products, platforms, and AI-led transformation, and three quarters will operate at high maturity by 2030. The opportunity is to build on this by investing in frontier capabilities and deepening the ties between talent, academia, and industry. The centers that get this right will not simply benefit from India’s rise. They will be the reason for it,” said Pari Natarajan, CEO, Zinnov.

As per the report, nearly 75% of India’s GCCs have the potential to evolve into Portfolio or Transformation Hubs over the next five years. Realising this will require action across four key areas: shifting portfolios toward high-complexity work that AI cannot easily replicate; building a workforce that can effectively work alongside AI; measuring performance through business outcomes rather than operational metrics; and moving from managing partners to co-creating with them.

About Zinnov:

Zinnov is a global management and strategy consulting firm that helps organizations build, scale, and transform businesses through technology, AI, globalization, and innovation.

For over two decades, Zinnov has partnered with Fortune 500 enterprises, technology platforms, hyperscalers, Global Capability Centers (GCCs), technology service providers, and Private Equity firms to solve complex growth and transformation challenges. The firm has advised 250+ Fortune 500 companies, helped establish and transform 220+ Global Capability Centers, and supported 100+ Private Equity firms on technology investments, M&A, and value creation.

Zinnov’s expertise spans four strategic areas:

Global Capability Centers (GCCs): End-to-end advisory and implementation across the GCC lifecycle, including strategy, location and workspace selection, setup, scaling, operating model design, AI-led transformation, and global enterprise integration.

Through its GCC-as- a -Service model, Zinnov combines consulting, execution, and the industry’s largest proprietary GCC intelligence platforms to help enterprises make data-driven decisions across talent, innovation, operating models, and AI while accelerating business outcomes through productivity, cost optimization, and revenue growth

Enterprise AI & Technology Transformation: Helping organizations build AI-first operating models, modernize technology organizations, accelerate engineering innovation, and unlock business value through digital transformation.

Growth Strategy for Technology Companies: Advising technology service providers, software platforms, and hyperscalers on market expansion, go-to-market strategy, partnership ecosystems, AI-led offerings, and competitive positioning.

Private Equity & M&A Advisory: Supporting investors and portfolio companies through technology due diligence, commercial diligence, post-merger integration, operating model transformation, and long-term value creation.

Combining research-led insights with execution capabilities, Zinnov helps organizations accelerate growth, unlock innovation, optimize technology investments, and build enduring competitive advantage. With a presence across North America, Europe, and Asia, the firm continues to advise many of the world’s leading enterprises on the future of business and technology.

For more details visit – www.zinnov.com 

About Nasscom: 

Nasscom represents the voice of over $300bn technology industry in India with the vision to establish the nation as the world’s leading technology ecosystem. Boasting a diverse and influential community of over 3500 member companies, our network spans the entire spectrum of the industry from DeepTech and AI startups to multinationals and from products to services, Global Capability Centres to Engineering firms. Guided by our vision, our strategic imperatives are to accelerate skilling at scale for future-ready talent, strengthen the innovation quotient across industry verticals, create new market opportunities – both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the industry narrative with a focus on Trust, and innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity. 

For more details visit our website https://nasscom.in/ 

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CASI Sustainability Forum Concluded in Casablanca — Spotlighting Capacity Building on Sustainable Finance and Green Technology for Africa’s Sustainable Future

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CASABLANCA, Morocco, July 3, 2026 /PRNewswire/ — The Capacity-building Alliance of Sustainable Investment (CASI), in partnership with BANK OF AFRICA, and supported by the Casablanca Finance City Authority (CFCA), successfully concluded the two-day Forum in Casablanca. Approximately 250 participants from 39 jurisdictions joined on-site and online to explore sustainable finance and green technologies in support of Africa’s resilient growth and sustainable future.

Against the backdrop of intensifying climate risks and the global shift toward low-carbon development, the forum addressed four core themes: Carbon Markets and Climate Finance Mobilisation, Transition Finance for Emerging Economies, Financing Climate Adaptation and Resilience, and Advancing Sustainability Disclosure.

The forum opened with welcoming remarks from Dr. Ma Jun, Chairman of CASI, who shared his perspective that sustainable finance in Africa should go beyond carbon mitigation, embracing access to water, food, and energy as part of a more holistic approach to the continent’s development. He also highlighted the growing opportunities ahead for China-Africa green collaboration, from clean technology partnerships to new pathways for affordable green financing. Mr. Brahim Benjelloun-Touimi, Board Member of BANK OF AFRICA and Chairman of the Board of Bourse de Casablanca, urged financial institutions to act as trusted partners in their clients’ decarbonisation journeys rather than merely as providers of capital, concluding with a rallying call: “Africa should not merely be a beneficiary of global sustainable finance; it must become one of its leading contributors.”

A major highlight of the forum was the formalisation of three strategic Memorandums of Understanding (MoUs) between CASI and BANK OF AFRICA, The ESG Exchange, and CFCA. Said Ibrahimi, CEO of CFCA, and Dr. Ma Jun signed the MoU establishing a strategic framework to accelerate green finance across the continent. Together, these partnerships create a comprehensive framework for joint training, professional certification, research, and cross-border knowledge exchange across African markets.

The forum also marked the official launch of French-language courses on CASI Academy, extending capacity-building access to francophone audiences across the region.

In his closing remarks, Dr. Ma Jun emphasised the role of AI-powered tools in reducing disclosure costs for SMEs. The forum concluded with an invitation to join the next CASI Sustainability Forum, to be held in Hong Kong in September 2026 during Green Week.

For more information, please visit www.casi.net.

Contact:
Jessica Tsang  
jessica.tsang@sprinkles.org.hk 
+852-96630780

 

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/C O R R E C T I O N — SMARTLEND FINANCIAL PTE. LTD./

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In the news release, Disrupting SME Lending: SmartLend Launches Free, Digital Loan Platform, issued 12-Jun-2025 by SMARTLEND FINANCIAL PTE. LTD. over PR Newswire, we are advised by the company that changes have been made. The following sentence has been removed from the release: “The platform integrates with Singpass and Credit Bureau Singapore (CBS), allowing real-time retrieval of financial data and significantly reducing application time.” No other changes have been made to the release. The complete, corrected release follows:

Disrupting SME Lending: SmartLend Launches Free, Digital Loan Platform

SINGAPORE, June 12, 2025 /PRNewswire/ — SmartLend, a fully digital alternative financing platform, has officially launched in Singapore, offering small and medium-sized enterprises (SMEs) a faster, more transparent way to secure funding.

By eliminating third-party brokers and unnecessary costs, SmartLend simplifies the financing process, enabling businesses to compare and obtain loans efficiently without hidden fees.

For many SMEs, securing financing from traditional banks remains challenging due to stringent credit requirements and complex application procedures. Those who explore alternative financing often rely on brokers who charge high fees—typically between 3% and 7%—or impose undisclosed costs.

SmartLend removes these barriers with a free-to-use platform that provides SMEs with a clear and unbiased view of their financing options, ensuring they secure the best possible funding quickly and cost-effectively.

What once took days of paperwork can now be completed in just minutes.

By connecting SMEs directly with a network of trusted lenders, SmartLend ensures a transparent and cost-effective borrowing experience. Removing intermediaries benefits both businesses and lenders, creating a more streamlined and efficient financing ecosystem.

Unlike traditional loan aggregators, SmartLend’s intelligent matching engine prioritises the most cost-effective bank financing first, only recommending alternative lenders when necessary. This ensures businesses always receive the best possible financing terms.

According to Danny Phua, CEO of SmartLend, the platform builds upon the success of Smart Towkay, a comparison platform that has helped over 5,000 SMEs secure more than S$100 million in funding.

However, the process was still largely manual, requiring businesses to sift through offers and handle paperwork. SmartLend takes this further by automating the entire journey—from loan matching to application—providing businesses with a seamless, digital-first experience.

By integrating automation, SmartLend makes alternative financing more accessible, efficient, and borrower-friendly.

Beyond business loans, SmartLend is expanding its offerings to include property equity term loans, allowing SMEs to unlock capital using their assets, providing them with greater financial flexibility.

Future features will include an instant property valuation tool, enabling businesses to assess their assets in real time, and a document vault, allowing SMEs to track and manage loans across multiple lenders from a single platform.

Phua emphasised that the platform’s goal is to empower SMEs by giving them full control over their financing journey without unnecessary delays or consultancy costs. With its innovative approach, SmartLend is set to transform the way businesses in Singapore access funding, making alternative financing more transparent, accessible, and cost-effective.

CONTACT: Danny Phua, Hello@smart-lend.com

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SOURCE SMARTLEND FINANCIAL PTE. LTD.

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LEDVANCE becomes Official Lighting Partner of FC Bayern

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MUNICH, July 3, 2026 /CNW/ — FC Bayern and LEDVANCE announce a long-term partnership running through 2029. LEDVANCE will become Official Lighting Partner of the German record champions and will work with FC Bayern exclusively in the category “lighting technology and lighting solutions”. Both are united by shared ambitions and proximity: they are rooted in Munich, with LEDVANCE’s headquarters in direct sight of the Allianz Arena.

– Picture is available at AP

Rouven Kasper, FC Bayern Board Member for Marketing & Sales: “FC Bayern and LEDVANCE are united by their commitment to showcasing success in the right light. Elite sport is all about emotion, energy and special moments, and in LEDVANCE we have gained a strong partner who, like our club, has its roots in Munich whilst also being at home all over the world. We look forward to many successful years together.”

Fredrik Ergert von Gillern, Global Head of Brand & Communication at LEDVANCE: “It is no coincidence that this partnership has been formed in Munich: our headquarter is within direct sight of the Allianz Arena. With FC Bayern, we’re demonstrating what lighting can achieve, in terms of performance, safety and atmosphere. With this partnership we are further expanding our international project business and shaping the future of sports venues and beyond, while strengthening our global brand perception and sharpening our positioning.”

FC Bayern has already relied on LEDVANCE for some lighting projects, and further projects are currently being implemented. At the heart of the partnership lie the shared values and strategic collaboration. Sport is pure emotion, and lighting makes it visible. This shared ambition is to inspire people, create special experiences and further strengthen both partners’ positions. With a modern approach and a global focus on growth, FC Bayern and LEDVANCE aim to combine their strengths in the future.

More information here.

Press contact
Patrizia Fauster / Ida Heldt
Mail: LedvanceGlobal@teamlewis.com
Phone: +49 89 17 30 19 -32 / -13

View original content:https://www.prnewswire.com/news-releases/ledvance-becomes-official-lighting-partner-of-fc-bayern-302817497.html

SOURCE LEDVANCE

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