The acquisition will help ANSR expand its solutions to mid-sized GCCs as they scale operations, ANSR cofounder Vikram Ahuja said.
Summit Consulting will continue to maintain independent operations and serve its customers with its 45-50 employees in the company, according to people associated with the firm. Sandeep Sharma, founder and chief executive of Summit Consulting, will join the leadership team of ANSR.
Founded in 2020, Summit Consulting specialises in building global centres for growth-stage, mid-sized and private equity-backed organisations. It has various models of operations including Basecamp, India’s first GCC incubator at T-Hub, Hyderabad.
Mid-sized firms are driving a post-Covid GCC boom in India, launching more than 240 such facilities, comprising 60% of all new GCCs today, ANSR data show. “This rapid expansion underscores the strong confidence business leaders and investors have in the strategic value these centres offer,” Ahuja said.
India is home to more than 1,700 GCCs that employ 1.9 million professionals, and IT industry body Nasscom estimates them to have accounted for $64.6 billion of the Indian IT services industry’s over $250 billion revenue in fiscal 2024.
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India today accounts for 17% of such global technology centres making the country the GCC capital of the world. As per a Nasscom-Zinnov India GCC landscape report released in September, the country is projected to have 2,100-2,200 GCCs with a headcount of 2.5-2.8 million and a revenue share of $99-105 billion by 2030.ANSR is backed by global IT major Accenture and venture capital firm Accel Partners.
According to Bengaluru-headquartered ANSR, it has helped establish 135 GCCs with around $2 billion in investments.
In July this year, Accenture made an investment, reportedly worth $170 million, in ANSR to help it expand its suite of offerings.
