HCLTech CEO C Vijayakumar sees GCC opportunities despite divestment impact

India’s third-largest IT services firm HCLTech sees continued opportunities to build global capability centers (GCCs) for multinational clients, despite the revenue dent made by joint venture partner State Street Corp.’s exit.

HCLTech’s chief executive and managing director C Vijayakumar told ET that even as global firms are insourcing technology services, it is restricted to large companies. For the IT major, the third quarter will see the adverse impact witnessed in the first of the current fiscal year fade out.