Hyderabad now hosts 515 Global Capability Centres, according to a new FICCI-Anarock report. This makes Hyderabad home to 20% of India's total GCCs, marking a significant shift from its "Cyber City" past. Foreign enterprises are rapidly expanding operations there, driven by talent and cost benefits.
How We Got Here
The city has aggressively courted global firms for years, culminating in 4.5 million sq ft of office space leased by GCCs in 2025, up from 1.9 million sq ft in 2021. Hyderabad's prime office rents, at Rs 95-115 per square foot, offer a distinct advantage over Bengaluru.
The Numbers
- As of March 2026, the 515 GCCs in Hyderabad employ over 3 lakh people.
- The city expects to add 50-70 more GCCs within the next year, expanding beyond traditional IT-ITeS.
- New GCCs are projected across BFSI, life sciences, semiconductors, engineering, and healthcare sectors.
- Office space leasing by foreign firms for GCCs has already crossed 3 million sq ft in the first half of this year.
What Happens Next
🇮🇳 Why This Matters for India
For founders and VCs eyeing the deep tech talent pool, Hyderabad’s burgeoning BFSI, semiconductor, and life sciences GCCs will intensify the hiring war for specialized engineers and product managers.
The Take
Hyderabad is emerging as the dark horse in the Indian tech landscape, directly challenging Bengaluru's talent supremacy in specialized areas. Expect this concentrated growth to spin off a wave of deep tech startups, especially in hardware and biotech, within the next 18-24 months.
Source:
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