The Hindu - International

How IT services veterans are able to spearhead leadership and growth

- Sindhu Hariharan

As India’s informatio­n technology services sector faces turbulence and as more MNCs in-source tech operations, the top-level at India’s marquee IT services rms is seeing new avenues open up; GCCs give them global standing and come with a 20%-25% pay premium making them a top pick

Chief HR o„cers, senior vice presidents, engineerin­g heads, India MDs — these are all a few key GCC leadership roles being occupied by IT service top heads it a top pick.

When a $25 billion U.S. healthcare enterprise was looking to set up its Global Capability Centre (GCC) in India recently, it roped in a senior IT services leader with 30plus years of healthcare expertise to spearhead it. The leader not just helped set up the India unit and de ne the processes but also brought along a team of senior delivery talent to help in the execution. Another media conglomera­te that recently set up its GCC in Chennai also tapped an IT services veteran with decades of experience in the media and technology space to lead the India centre.

Chief HR o¤cers, senior vice presidents, engineerin­g heads, India MDs — these are all a few key GCC leadership roles being occupied by IT service top heads as they look for their next challenge.

Increased churn

As the Indian IT service sector faces turbulent times and as more multinatio­nals in-source technology operations, the top-level at India’s marque IT services rms is seeing increased churn. Leaders with decades of experience in delivering client projects are choosing to build technology solutions from scratch at GCCs opened by such clients.

GCCs in India started as back-o¤ce operations but today these captive centres of MNCs hold ownership of global products. End-toend business services across nance, HR, operations, technology and other functions happen out of India with leaders here having more autonomy.

Executive search rms and IT industry trackers told businessli­ne the IT services churn was at its peak in 2021 and 2022 and while it moderated since then, Csuite is always on the look out for greener pastures. GCCs give them global standing and come with a 20-25% pay premium making

Senior talent moves

As per data from specialist sta¤ng rm ◣pheno, the IT services sector has more than 1,02,000 active profession­als in senior suites roles such as C◣Os, Directors, VPs/AVPs etc. and more than 11,000 of these people have switched jobs in the last two years. While a majority of this movement was within IT Services,

about 10% have gone to GCCs, ◣pheno’s data shows. Software, banking, and healthcare GCCs have been most successful in attracting the senior talent.

“For GCCs, specialist IT services leaders ensure quick turnaround­s and deployment windows. For the talent, there is an advantage of working directly with internatio­nal brands, and getting onto long-term strategic pathways for leadership positions,” Siddharth Verma, business head, ◣pheno Executive Search, said.

Gaurav Dev Burman, senior client partner and coleader of the technology practice, at executive search rm Korn Ferry India, says GCCs are keeping their vertical extremely busy in recent years as movement from services to India captive units of MNCs is more prevalent. “It’s not just IT services but also consulting (Big 4) leaders who are looking at GCCs as attractive career options. 30-35% of our technology vertical revenue comes from GCC mandates.”

At executive search organisati­on Transearch too, a majority of the services hiring mandates are from GCCs looking to sta… roles such as country leads, engineerin­g heads, and technology heads among others. “These are typically small and mid-sized GCCs in pharma, engineerin­g research and developmen­t (ER&D) and retail. They look for senior leaders with capabiliti­es in delivering niche services such as analytics and AI and sector specialist­s,” Meenakshi Thakar, partner, Transearch India, says.

‘Inch-wide, mile deep’

Balasubram­anian Sankaranar­ayanan, CEO of healthcare GCC Thryve Digital that has o¤ces in Chennai and Bengaluru, took up the role after a 25plus years of experience in the IT services world. “GCCs o…er an inch-wide and mile-deep look into the sector. This is a complete reversal of the IT services world and this is what attracted me,” he says. “For an IT services leader with relevant domain expertise, GCCs are a chance to set up something from scratch and gain global exposure while doing so,” he adds.

Perhaps the best example of this is Gangapriya Chakravert­i, the India head and MD at Ford’s 25-year old GCC in India — Ford Business Solutions. The 12,000-plus strong GCC unit in Chennai takes care of software engineerin­g, data analytics, arti cial intelligen­ce, machine learning,

nance and other functions for the larger group and is headed by Ms. Chakravert­i, who joined Ford as director of human resources in 2012. She came to Ford after spending over a decade at HR consulting

rm Mercer and is now a global leader at Ford’s largest centre outside the US.

“The rst wave of senior leaders from large IT services companies migrated to mid-tier IT companies. The leaders had a large fan base so much so talent at multiple levels followed them,” Ramkumar Ramamoorth­y, partner of tech advisory rm Catalincs, says. “Today, we are seeing next wave of senior leaders going to GCCs of all sizes.”

With industry estimates pointing to a GCC rally in India in the coming years and with IT services battling poor demand, the ‘great resignatio­n era’ will likely continue at the tech C-suites.

(The writer is with The Hindu businessli­ne)

 ?? GETTY IMAGES/ISTOCK ?? Eye for talent: Software, banking, healthcare GCCs have attracted senior talent.
GETTY IMAGES/ISTOCK Eye for talent: Software, banking, healthcare GCCs have attracted senior talent.

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