Tech Mahindra eyes 3,000 GCC jobs; in talks with Goodyear
10 Mar 2025 / 04 min read
Tech Mahindra plans 3,000 new jobs, expanding India's GCC market with Goodyear partnership. The move aligns with India's growing GCC policies, attracting global firms and boosting employment.
Tech Mahindra, one of India's leading IT services companies, is poised to capitalize on the country's burgeoning Global Capability Centre (GCC) market, with plans to create nearly 3,000 jobs as part of a major expansion drive.
According to a report in Mint familiar with the matter, Tech Mahindra is in advanced discussions with US-based Goodyear Tire & Rubber to establish a GCC in India, as part of its three-year Project Fortius. The centre will serve as a strategic hub for Goodyear's research and development (R&D) and IT operations, leveraging India's vast talent pool and expertise in IT services.
This move is a key component of Tech Mahindra's strategy to drive revenue growth and boost operating margins, under the leadership of CEO Mohit Joshi. Last year, the company unveiled Project Fortius, aimed at achieving a 15% operating margin by focusing on organic growth and improving operational efficiency.
India's GCC market has witnessed significant growth in recent years, driven by the country's favorable business environment, skilled workforce, and government incentives. The GCC boom has attracted several global majors, including US-based companies, to set up their innovation and technology hubs in India.
“The GCC market in India is on a significant growth trajectory, driven by the country's unique combination of talent, technology, and cost competitiveness," said Mohit Joshi, CEO of Tech Mahindra. "Our partnership with Goodyear is a testament to our capabilities and commitment to delivering world-class IT services and solutions.”
The creation of nearly 3,000 jobs across various roles, including R&D and IT operations, is expected to further bolster India's position as a preferred destination for global IT services and innovation hubs.
Tech Mahindra's move is part of a larger trend, with several IT companies pushing for GCCs in India to drive growth and employment. In January, Adecco India, a subsidiary of the global Fortune 500 company Adecco Group, announced its plan to expand GCCs in Bengaluru and add jobs to increase its workforce to over 2,500 by the year-end.
Another multinational company, TransUnion, announced setting up more GCCs in Pune to strengthen its international market strategy. This comes at a time when the government is building infrastructure and formulating policies to attract investments to build GCCs in India.
Recently, Finance Minister Nirmala Sitharaman mentioned the government's plan to formulate a national framework that will serve as a roadmap for states to promote GCCs, particularly in tier 2 cities. Karnataka released its draft GCC policy with a target to establish 500 centres by 2029 and create 3.5 lakh jobs.
Madhya Pradesh became the first state to launch India's first GCC policy to promote GCCs beyond metros. The policy aims to create a favourable business environment, provide incentives, and develop infrastructure to support the growth of GCCs in the state.
As India's GCC market continues to gain momentum, companies like Tech Mahindra are well-positioned to capitalize on the growth opportunities, driving employment, innovation, and revenue growth in the process.
