TransUnion elevates Debasis Panda as SVP for global ops

US-based credit bureau TransUnion on Monday appointed Debasis Panda as the senior vice president, global operations. He will be responsible for leading the company’s global capability centers (GCC) in In Costa Rica and South Africa, adding to his existing portfolio as the head of four GCCs in India (Bengaluru, Chennai, Hyderabad and Pune).

In the new role, he will be responsible for the distributed network of GCCs in six centers across three continents with over 4,000 employees. Panda has over three decades of experience in IT services in global leadership roles. He has set up GCCs, development centers, and managed global delivery. He is an alum of National Institute of Technology (NIT), Rourkela and Xavier Institute of Management, Bhubaneswar.

“The success of our first GCC, launched in Chennai, India with just 20 employees in 2018, under Debasis’s leadership, paved the way for TransUnion to expand its GCC strategy. He has a wealth of knowledge and experience in this sector and is well positioned to lead TransUnion’s award-winning distributed network of GCCs, positioning them to further support our enterprise priorities,” said Eric Hess, Executive Vice President, Global Operations at TransUnion.

The company said in a statement that Panda’s appointment aligns with its ongoing transformation program to optimize its global operating model, while centralising, standardising, and automating work in locations with talent pool. TransUnion’s GCC network is spread across 30 markets. 

A February report by Nasscom showed 50% slide in tech spending and 6% decline in tech contracts in 2023 globally, sub-sectors such as GCC and ER&D (Engineering, Research and Development) emerged as growth hotspots. GCCs continue to invest in India, and the industry saw an addition of 53 new GCCs in 2023.