What is the driving force behind the growth of Captive Centers in India?

In 1985, Texas Instrument established its first global in-house center in India. Their early vision showed the benefits of using captive centers to tap into India’s high-caliber local talent, and it didn’t take long for most large MNCs to start following this trend.

Currently, over 2000 captive centers in India help their parent companies deliver significant value both from an innovation and cost perspective.?This trend continues to grow with another 500 centers in the development process. Over?1.5 million?high caliber Indians are already working in these centers which is expected to grow by another 300 – 350k people by 2024.

?What is the driving force behind the growth of Captive Centers?

?Initially, the investment into in-house centers was driven by the opportunity for companies to hire high quality English speaking employees at?significant cost savings?when compared with their local markets. However, over time as they understood the talent better, they realized the huge potential of young Indian graduates and the strategy moved from?cost arbitration to value addition.?

?For a long time, captive centers were focused on technology, research & development, operations and analytics only.?However, given the high caliber of the talent pool, these centers have expanded their teams across finance & accounts, HR, legal, risk management, digital marketing, project management, & more.

Why is Optimar Consulting so good in this space?

?Optimar Consulting is?committed?to deliver clear and tangible results. We have worked with over 40 global SMEs to set up their own virtual captive centers in India, helping them set up high-quality teams in India while driving significant cost savings. Our infrastructure and HR processes are focused on supporting, retaining, and?empowering talent?for the growth of both employees and the company.