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GCC Jobs Surge: Can India's Staffing Firms Profit?
29 Oct
Summary
- India's GCC industry generated $98.4 billion in FY26.
- Quess Corp's Professional Staffing saw 12% EBITDA growth.
- TeamLease Services faces risks from client insourcing.
India's burgeoning GCC sector generated US$98.4 billion in FY26, prompting an examination of how staffing firms can translate this growth into lasting value.
Quess Corp, through its Professional Staffing division, saw 12% year-on-year EBITDA growth in Q1 FY27, with GCCs forming 68% of its revenue. The company is also expanding its GCC services via Origint, aiming to support multinational enterprises in establishing and scaling their centers in India.
TeamLease Services reported over 100 GCC clients, with GCCs contributing over 65% of its Specialised Staffing revenue in Q3 FY26. However, the company faces an "insourcing warning," as evidenced by a large client bringing approximately 23,000 associates onto its own payroll in Q3 FY26.
Both companies are navigating the complexities of the GCC hiring demand, including challenges in sourcing specialist talent, client concentration, and managing payroll costs. The article emphasizes tracking repeat business, hiring quality, and cash generation to assess the true value of this expanding market.
