The Multinational companies that led by the banking, financial services and insurance (BFSI) sectors are enlarging their global in-house centres (GICs) in India.
The GICs in India, hiring in large numbers and moving into new critical roles such as strategies and planning in the country.
The one of the latest GICs in India, Commonwealth Bank of Australia which has recently added about thousand people to its tech centre in Bengaluru.
A source familiar with the development said that one of the largest banks in America is planning to hire 15 thousand candidates in India in the next 2 years.
The American investment bank Goldman Sachs, that operates as a GIC out of country also aims to hire about 2,500 people by 2023, as it enlarges operations in Hyderabad.
Since, the Goldman Sachs set up its first office in Bengaluru in 2004, the centre has grown to become its second largest tech hub worldwide with about 7,000 professionals
Gunjan Samtani who is the head of Goldman Sachs in India has said, “The Hyderabad centre will be a centre of excellence for consumer banking services, business analytics and platform engineering, including application of emerging technologies such as artificial intelligence and machine learning to augment our businesses."
Sun Life Asia Service Centre (ASC) India, the GIC of Canadian financial services company Sun Life has a significant enlarging plans for 2021-22 and expects its hiring numbers to grow at 40 per cent.
The global capability centres(GICs) had emerged in the early 1990s as the offshore units of giant multinational companies.
According to Nasscom, India at present, is home to more than 1,200 GICs employing close to 10 lakh people.