Hyderabad has 515 global capability centres, 50-70 more expected: Report

Hyderabad has around 515 Global Capability Centres (GCCs), with 50-70 more expected to be set up within a year, according to a joint report by industry body FICCI and property consultant Anarock.

The report, titled ‘Hyderabad: The Rise of a Global Capability Powerhouse’, said the city had around 515 GCCs as of March 2026, employing more than 3 lakh people.

Hyderabad accounts for around 20 per cent of the total GCCs in India, the report said, transforming the city from a cyber city into a GCC hub.

GCCs have also emerged as a key demand driver for Hyderabad’s office market. Office leasing by foreign firms for setting up GCCs rose to 4.5 million sq ft in 2025 from 1.9 million sq ft in 2021. In the first six months of this year, the figure crossed 3 million sq ft.

“The sustained leasing momentum reflects the deepening of Hyderabad’s GCC ecosystem and the increasing preference of global enterprises to establish larger and more sophisticated operations in the city,” Anarock Chairman Anuj Puri said.

VV Rama Raju, Chairman, FICCI Telangana State Council, said Hyderabad’s GCC proposition is broadening well beyond conventional IT-ITeS functions.

The city’s ecosystem is expanding beyond traditional IT-ITeS into sectors including BFSI, life sciences, semiconductors, engineering and healthcare.

Apart from its large talent pool, Hyderabad also offers a cost advantage. Prime office rents in the city are at Rs 95-115 per square ft, lower than Bengaluru and competitive to Pune.

The report said 50-70 additional GCCs across technology, engineering, BFSI, life sciences, analytics, consulting and digital operations are expected to come within a year.

Sattva Group and Blackstone-sponsored Knowledge Realty Trust CEO Shirish Godbole said, “The GCC boom reinforces Hyderabad’s position as one of India’s most important office markets for the next decade.”

The joint report said Hyderabad currently has 125 million sq ft of Grade A office stock, accounting for nearly 15 per cent of India’s inventory.

Around 36 million sq ft of new office space supply is expected to come up over the next few years, it added.