ANSR buys majority stake in Bengaluru-based consulting services firm

GCC Consulting firm ANSR has acquired a majority stake in Bengaluru-based Summit Consulting Services. Summit specialises in building global centers for growth stage, mid-sized and Private Equity backed organisations with a focus on leveraging global talent, cost optimisation, and transforming technology and process functions. The financial details of the deal have not been disclosed.

ANSR said in a statement that it will benefit from Summit’s technology-driven delivery methodology, speed-to-market, and innovative business models including Basecamp, one of India’s first GCC incubators at T-Hub, Hyderabad.

“Mid-market companies are driving a post-Covid GCC boom. With over 240 centers from these firms launched in the last four years, they comprise 60% of all new GCCs today. This rapid expansion underscores the strong confidence business leaders and investors have in the strategic value these centers offer. By bringing Summit Consulting Services on board, we are further expanding our solutions to better serve the unique needs of mid-sized GCCs as they scale their operations,” said Vikram Ahuja, Co-Founder, ANSR and CEO, Talent500.

Notably, India has emerged as a key player in global technology innovation. ANSR’s quarterly report on GCCs, which was released in September, corroborates this. Over 78% of new GCCs established during the study period prioritise building capabilities in AI, machine learning, and data analytics. This trend is also seen in existing centers expanding their operations. GCCs are also leading the way in adopting advanced digital capabilities like cloud, cybersecurity, and robotics process automation (RPA), the report found.

Further, the southern city of Bengaluru emerged as the most prominent hub for GCCs in India for the first two-quarters of FY25. As per a report by Teamlease Digital, the GCCs in the city have spread across domains such as high-tech, professional services like banking, financial services and insurance (BFSI) and consulting, and manufacturing, among others.