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Bengaluru-based Sattva Group has collaborated with Chennai-based Innovalus to launch 'GCCBase', a comprehensive platform designed to assist multinational corporations in establishing and scaling Global Capability Centres (GCCs) across India. The initiative aims to simplify the process of setting up GCCs by providing an integrated ecosystem that addresses real estate, compliance, talent acquisition, and operational challenges. This partnership reflects the growing demand for structured solutions to support India's expanding GCC sector, which employs millions and generates significant economic value.
Sattva Group, a leading Bengaluru-based real estate developer, has entered into a partnership with Innovalus to develop a dedicated platform that supports foreign enterprises in setting up Global Capability Centres (GCCs) across India. The collaboration between the two companies, announced earlier this week, marks the launch of 'GCCBase', a strategic platform that provides end-to-end assistance for multinational firms aiming to establish or expand their GCC operations in the country. Advertisement
Innovalus, founded in 2011 and headquartered in Chennai, functions as a consulting and operations partner with expertise in GCC strategy, setup, and lifecycle management. The new platform seeks to create a unified and structured environment that streamlines the complexities of establishing GCCs, including navigating real estate acquisition, compliance, workforce recruitment, and operational governance.
According to the statement, India currently hosts over 1,600 Global Capability Centres, collectively employing more than two million professionals and generating upwards of USD 46 billion annually. Despite this growth, Sattva Group highlighted that the process of setting up new centres remains fragmented, often involving coordination across multiple stakeholders and vendors.
Shivam Agarwal, Vice President of Strategic Growth at Sattva Group, remarked that India had transitioned from being the world's back office to an innovation hub. He noted that companies are increasingly seeking streamlined solutions rather than managing numerous vendors and regulatory hurdles. He added that GCCBase offers a comprehensive and institutionalised approach that simplifies the setup and operational process for such centres.
Sattva Group, known for its extensive commercial and residential developments, currently manages a diversified portfolio covering 78 million sq ft of premium real estate, with an additional 71 million sq ft under construction across major Indian cities. The firm recently introduced its Knowledge Realty Trust, a real estate investment trust holding rent-generating office assets.
The partnership between Sattva Group and Innovalus underlines India's strengthening position as a preferred destination for global capability centres. By introducing GCCBase, the two firms aim to streamline the complex process of establishing these centres through a unified, technology-driven framework. This initiative not only supports foreign companies in building efficient operations in India but also reinforces Sattva's commitment to providing innovative, large-scale real estate and infrastructure solutions for the country's evolving corporate landscape.
Source - PTI
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