By leveraging the increasing demand from customers in North America and Western Europe, the firm hopes to increase its footprint in tier II and tier III locations.
India would soon become 15 to 20 per cent of GlobalLogic’s business, said Nitesh Banga, president and CEO of Hitachi Group company.
“APAC is 50% of the engineering strength, and India is a key part of that. North America, meanwhile, accounts for nearly 60 per cent from a market perspective. Europe is significant to us; Asia, however, has pretty much improved to our expansion. India is going to be very fast to become almost 15-20% of the business for us, and the rest of important markets such as Japan, Australia, and Southeast Asia will be served from India,” he said.
The company, which was set up two years ago in Japan, is rapidly expanding in Japan as it engages in the business of digital engineering and next-generation product engineering.
“India will not stop being a lion’s share of our engineering powerhouse,” states Banga.
Having quite a presence in Eastern Europe, the company coached other clients, asking them to very now seriously explore India for core IT services, innovation-based engineering, and next-generation products, platforms, and services.
It is believed that Japanese companies want to nurture India as an important part of their expansion plans not only for talent but also as a market. Companies like Suzuki, Honda, Mitsubishi, and Hitachi are now large players in India. So, India becomes quite a pertinent aspect of our own business, explained the CEO.
India is taking a great journey from a business angle, and from providing an engineering powerhouse, GlobalLogic is already sitting above 50 per cent of its benchmarks. Jha mentions that innovation-wise a lot of new-age AI tools we are adopting are coming from India. The third dimension that we are adding as late is India from a Market perspective. Our GCCs business is a 2x growth in the last two years, and we plan to do a 2x again in the next two years, and we are well on our own course toward it said Jha, who had earlier mentioned that GlobalLogic is looking at $1 billion revenues by 2027 in India and APAC.
Last November, GlobalLogic launched its latest delivery centre in Hyderabad and is eyeing to hire roughly 2,000 people within the next three years.
The company has a presence across 10 Indian cities in Noida, Nagpur, Pune, Ahmedabad, Bangalore, Chennai, Hyderabad, Gurugram, Mahabubnagar, and Kochi through the acquisition of Katzion.
