Indian talent key to Global capability centres product roadmap

Mar25,2024


Bengaluru: Global Capability Centers (GCCs) in India are building a product mindset that emphasizes collective ownership of solutions and greater accountability. As gcc speed them up product management Playbook, they are growing their product teams by offering competitive salaries for entry, mid, and senior level roles. Historically, product manager positions were closer to the customer base and global headquarters. However, they are now gaining a strong foothold in India. This transformation is driven by technology, access to skilled experts and value creation.
A report from a global management and strategy consulting firm zinnov It was revealed that entry-level product managers in India start with an average salary of Rs 8 lakh per year, while senior product development engineers get an annual compensation of Rs 13 lakh to Rs 16 lakh. At the mid-level, a senior product management lead earns between Rs 28 lakh to Rs 34 lakh. At the senior level, a Director of Product Management gets a salary between Rs 66 lakh to Rs 85 lakh, and as a Senior Director of Product Management, they earn between Rs 91 lakh to Rs 1.2 crore.

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Pari Natarajan, CEO and Co-Founder, Zinnov, said, “Product management has evolved significantly over time in line with the changing demands of the industry. Companies in India have adopted different product management structures – a technology leader versus a “Hiring an operational leader who will co-work.” Create and operate a product portfolio roadmap.” Natarajan said the maturity of companies adopting a product management roadmap ranges from long development cycles in the waterfall model to lean principles emphasizing minimum viable product (MVP), rapid prototyping, and continuous feedback loops. This has led to a transition to a dynamic approach to product management focusing on iterative development of the build-measure-learn feedback loop. Currently, data-driven products of continuous improvement based on data insights and user feedback The focus is on management approach.
“It used to take companies about 5-6 years to own a portfolio of products, but now, it takes less than two years to drive product ownership, roadmap, engineering and support and still create value for their customers. Zinov noted that India has a talent base of more than 160,000 product management professionals, with Bengaluru, NCR and Mumbai contributing two-thirds of the product management talent.
Take RapidAI for example. The company has more than a dozen FDA-approved models in vascular and neurovascular disease treatment, serving more than 2,200 hospitals in 100 countries. RapidAI has analyzed over 11 million scans, with volume increasing by 30% year-on-year. RapidAI established its GCC in India in 2022, leading to product design and development for its hybrid technology platform, Rapid Edge Cloud. Edge Cloud's hybrid architecture, combining on-premises and cloud capabilities, addresses the issue of cloud outages by allowing essential AI services to continue, thus ensuring continuous patient care.
Natarajan said some GCCs are creating a new product innovation playbook from India. “The team at Japanese e-commerce platform Mercury India has been integral in building an intuitive platform that connects buyers and sellers across the country and includes platform engineers, backend engineers and mobile developers.” Recent innovations include Merpay, a mobile payments service seamlessly integrated within the Mercari Marketplace app; Mercoin, dedicated to exploring cryptocurrency assets and services revolving around blockchain technologies; and Shops, an e-commerce platform that empowers individuals to launch their own online stores using their smartphones.
The scale and diversity of skill sets also attracts companies to India for tech talent. “Many companies looked at Eastern Europe. And Ukraine's costs were comparable to India. Over time, Poland and Romania have become very expensive. We did a study for one of our clients, and we found that in the technical sector more The negative is unemployment because everyone who can be deployed has been deployed. Customers are wary of the war situation in Eastern Europe. Many companies also have GCCs in manufacturing, industrial engineering, and automotive companies have a large presence in China. They want to de-risk China. It's almost like China plus one in manufacturing and India plus one in the GCC,” Natarajan said. India plus one is Latin America. But India is gaining prominence for product talent.”



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