- Published on March 10, 2025
- In GCC
Are Indian GCCs on Thin Ice? Lessons from Technicolor India’s Fall
Technicolor’s exit from India was not a reflection of local performance but rather part of a broader global restructuring triggered by external market forces.
Image by Nalini Nirad
- By Shalini Mondal
The recent closure of Technicolor India, which affected over 3,000 employees, was more than just a setback—it was a wake-up call for global capability centres (GCCs) and the VFX industry in India.
While the shutdown was primarily driven by financial struggles at the company's Paris-based headquarters, it offers critical lessons in resilience, adaptability, and the future of India’s AVGC-XR (animation, visual effects, gaming, comics, and extended reality) sector.
The Role of GCCs in a Changing Landscape
However, industry leaders caution against seeing this as a reflection of the entire sector’s health.
Arindam Sen, a senior technology leader at EY, pointed out in a LinkedIn post that GCCs exist to support parent companies, making them vulnerable to corporate struggles. Whi
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Shalini Mondal
Shalini is a senior tech journalist, exploring the latest advancements in AI. When she's not reporting on the latest innovations, you can find her immersed in her next literary adventure.
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