Prøve GULL - Gratis

Culture most vital aspect of how you run a GCC: Tesco's Mitra

Mint Ahmedabad

|

April 03, 2025

Tesco Plc, one of the UK's largest retailers, was rocked by an accounting scandal and reported its worst annual loss in 2015.

- Jas Bardia

Culture most vital aspect of how you run a GCC: Tesco's Mitra

Its cash coffers were nearly empty, and there was a need to transform the business to get more cash.

Sumit Mitra, former BT Group managing director, was brought in by the British retailer in 2017 to head Tesco Business Solutions, the global capability centres (GCC). His sole mandate was to drive change. Today, the company has one of its oldest running GCCs in India and employs about 5,500 people at its Whitefield office in Bengaluru.

CEO Mitra spoke to Mint about Tesco's in-house centre and the work his company looks after for the parent firm (Tesco Plc). Tesco runs three other GCCs worldwide-in Budapest, Scotland, and Ireland-apart from the one in Bengaluru, employing up to 8,000 people, about 2.3% of its 338,000-strong workforce.

What have been some of the defining trends of Tesco's GCC in India?

FLERE HISTORIER FRA Mint Ahmedabad

Mint Ahmedabad

Trump's bets on China and Argentina are souring fast

When it comes to US foreign economic polic policy, President Donald Trump’s administration has two problems on its hands.

time to read

3 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

Centre mulls cut in PLI auto sops to ₹2,000 cr for FY26

Scheme has faced challenges including localization requirements and delays in disbursal

time to read

2 mins

November 18, 2025

Mint Ahmedabad

SGX to list Bitcoin, Ether perpetual futures on 24 Nov

Traders in SGX's perpetual futures won't automatically get liquidated if a sudden market shift upsets their positions.

time to read

2 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

Do pre-IPO gains get long-term tax status?

I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains? —Name withheld on request

time to read

1 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

OTTs chase regional content with higher spends but viewership trails

Platforms need carefully considers content strategies to ensure they are meeting the needs but viewership trails

time to read

1 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

India's music stardom has moved from film sets to feeds

A few verses, a guitar, and an Instagram Reel were enough to catapult Anumita Nadesan into the national spotlight.

time to read

2 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

A. Vellayan, known for visionary bets, passes away at 72

His friends and peers called Arunachalam Vellayan (72), former chairman of Murugappa group who passed away in Chennaion Monday, a man with a high level of business acumen and an ability to see the future.

time to read

1 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

Sebi has started review of listing, disclosure norms

The Securities and Exchange Board of India (Sebi) has begun work on a review of the Listing Obligations and Disclosure Requirements (LODR), its chairperson Tuhin Kanta Pandey said, setting the stage for what could be one of the regulator's most significant cleanups of corporate disclosure rules in recent years.

time to read

1 mins

November 18, 2025

Mint Ahmedabad

Mint Ahmedabad

INSIDE AP'S NEW MANTRA: 'SPEED OF DOING BUSINESS'

Nara Lokesh is facing off against rival states and historical financial strain. Can he repeat his father's legacy?

time to read

9 mins

November 18, 2025

Mint Ahmedabad

Marico’s margin on slippery slope despite healthy demand

The Marico Ltd stock hit a new 52-week high of ₹764.65 on the NSE on Monday after its consolidated revenue surged 31% year-on-year to ₹3,482 crore in the September quarter (Q2FY26), led by broad-based growth across product categories.

time to read

1 mins

November 18, 2025

Listen

Translate

Share

-
+

Change font size