ANSR, a consultancy that supports multinational companies in setting up global capability centers (GCCs) in India, has acquired a majority stake in Bengaluru-based Summit Consulting Services.
The deal, valued between Rs 45-65 crore ($5-8 million), involves cash and stock. According to co-founder Vikram Ahuja, this acquisition allows ANSR to extend its solutions to mid-sized GCCs as they expand.
Summit Consulting will continue to operate independently with its 45-50 employees team while founder and CEO Sandeep Sharma joins ANSR’s leadership team. Summit Consulting, established in 2020, focuses on building global centers for mid-sized, growth-stage, and private equity-backed firms. It offers various operating models, including Basecamp, India’s first GCC incubator at T-Hub, Hyderabad.
Mid-sized firms are significantly contributing to India’s post-Covid GCC boom, with over 240 new centers accounting for 60% of recent GCC launches, according to ANSR data. “This rapid expansion underscores the strong confidence business leaders and investors have in the strategic value these centers offer,” Ahuja said.
India now hosts more than 1,700 GCCs, employing 1.9 million professionals. Nasscom estimates these centers contributed $64.6 billion to India’s IT services industry revenue, which surpassed $250 billion in fiscal 2024.
India is the global leader in GCCs, holding 17% of the market. According to a Nasscom-Zinnov report, by 2030, the country is expected to have 2,100-2,200 GCCs, employing 2.5-2.8 million people and generating $99-105 billion in revenue.
ANSR is backed by global IT giant Accenture and venture capital firm Accel Partners.
The company has facilitated the creation of 135 GCCs, bringing in around $2 billion in investments. In July, Accenture invested an estimated $170 million in ANSR to further expand its offerings.
