EPAM bets big on India as more clients set up GCCs
Digital transformation services and product engineering solutions provider EPAM Systems is upbeat on its India operations and its contributions as an increasing number of clients as well as leading firms choose to set up global capability centres (GCCs) and move their business functions to the country.
“India is becoming more and more of a focused area for us to do business development too,” President of EU and APAC Markets at EPAM Balazs Fejes said. “If business stakeholders no longer [are] in the U.S. or Western Europe, but in India [including] budget holders then you need to focus and try to sell to them going forward,” he added.
For the NYSElisted company that reported $4.69 billion in revenue for 2023, India is already its secondlargest delivery centre globally.
Describing the trend of GCCs and business functions being moved to India as a “very interesting change and [poised to] change dynamics overall,” Mr. Fejes, who was here recently, said India has already been important for EPAM from a talent availability perspective. EPAM employs more than 53,000 people globally.
EPAM India MD Srinivas Reddy, present during the interaction, said “our headcount in India is 7,300 engineers with half of them based out of Hyderabad” and the rest in Pune, Bengaluru, Gurgaon, and Chennai.
The plan was to increase the headcount in India to more than 10,000 by 2025, Mr. Fejes said, seeking to highlight how the company takes clients through their digital transformation process, from design to the actual creation of software.