The Standard Opens India GCC; Mohua Sengupta Leads
The Standard, a leading provider of financial protection products in the United States, has formally announced the launch of its new Global Capability Center (GCC) in India.
StanCorp Global Services India Pvt. Ltd. operates this strategic hub, which will bolster the company’s technological, operational, and innovative capabilities globally.
The Standard also confirmed the appointment of industry veteran Mohua Sengupta as the Senior Vice President and Country Head for India.
Mohua will spearhead operations for the new GCC, which will be strategically based across two major Indian tech hubs: Bengaluru and Pune.
Strategic Leadership and Expertise
Mohua Sengupta brings nearly three decades of extensive experience in the Banking, Financial Services, and Insurance (BFSI) and technology services sectors.
She is highly recognized for her expertise in transforming GCCs into strategic business centers, having previously headed such centers for major multinational corporations, including Novartis India and Mashreq Bank.
Greg Chandler, Executive Vice President of Information Technology at The Standard, expressed confidence in the new leadership: “We are excited to welcome Mohua to The Standard to lead our operations in India. Her skills and leadership characteristics fit well with The Standard’s culture, and she will be an incredible asset to our company as we scale and grow our U.S. business.”
Mohua will be responsible for ensuring the seamless delivery of critical functions, including financial, regulatory, and compliance services.
Focus on Specialised Talent and Sustainable Growth
The establishment of StanCorp Global Services India marks a pivotal moment for The Standard’s long-term strategy.
Mohua Sengupta emphasized the center’s crucial role in gaining a competitive advantage: “I am delighted to join The Standard during this exciting time of rapid growth.
She added, “The Standard India will provide access to specialized global talent here in India who will deliver more efficient solutions for current and future customers, and scale more sustainably.”
The GCC model allows the US insurer to integrate India’s highly skilled talent pool directly into its core organizational strategy.
The Standard India: Immediate Scale-Up and Hiring Plans
The Standard is initiating its Indian operations with a significant workforce of approximately 175 employees, who are transitioning from Allstate India following The Standard’s acquisition of Allstate’s Employer Voluntary Benefits business earlier this year.
Beyond this initial transfer, The Standard has aggressive hiring plans to rapidly scale up operations.
The company will focus on building deep capabilities in crucial areas such as technology, operations, and innovation.
By centralizing and enhancing these functions, the GCC aims to drive operational excellence, improve efficiency, and accelerate digital transformation for its parent organization’s US business lines.
The new Indian GCC will serve as the strategic engine to support the future growth and digital maturity of The Standard, a company that has offered a comprehensive range of financial protection products in the US since 1906.
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