Hope you enjoyed solving the India GIC landscape crossword we posted last week. Below is the answer key to it. (Download a printer-friendly version of the answer key.)
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Texas Instruments and GE were among the first entrants in the GIC landscape |
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None. GIC divestiture activity has seen a decline in recent years after peaking in 2011 and 2012 |
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India has dominant share in the GIC market in terms of revenue (~50%), number of delivery centers and headcount |
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Mumbai has the least number of GICs among tier-1 cities in India |
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United States-headquarteredfirms have more than 60% share in the Indian GIC landscape |
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Share of United Kingdom-based firms setting up GICs in India has declined in the last 2-3 years |
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GICs were formerly known as captives |
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Telecom is the 2nd largest vertical after BFSI in terms of average headcount |
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BFSI is the largest vertical in terms of overall GIC headcount in India |
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Technology is the leading vertical in terms of number of GIC set-ups in India |
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Bangalore has the maximum number of GICs in India |
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Pune is the leading tier-2 city in terms of number of GICs and has seen lot of GIC activity in the recent past |
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Companies started GICs to capture cost arbitrage |
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Outsourcing to service providers in an alternative to the GIC model |
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Engineering services is the leading function delivered by GICs in India |
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Value beyond arbitrage |
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Within the Energy & Utilities vertical, Europe-based firms have highest share |
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ADM (Application Development & Maintenance) is the topmost sub-function within IT |
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Kochi is also seeing GIC activity among tier-2 cities in India |
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Cognizant acquired ValueSource NV, a subsidiary of KBC Group |
Photo credit: Taki Steve
