Synopsis: Hyderabad is rapidly securing its position as India’s premier Global Capability Center (GCC) hub and a top-tier job destination, outpacing traditional hubs like Bengaluru in new greenfield GCC setups. These GCCs will create jobs, demand for skills, developing the talent ecosystem and changes in real estate of the city.
Hyderabad is emerging as a tough competitor to Bengaluru in the race of Global Capability Centres (GCCs). It is now known as India’s next big GCC hub. From financial giants to pharma, everyone seems to be betting big on Hyderabad. It has nearly 355+ GCCs contributing to nearly 13% of India’s total tech workforce. Hyderabad noted 5.3mn sq ft of GCC office leasing in 2024, the highest in its history.
Within just two months of stepping into 2026, three new GCCs have been launched in Hyderabad. Reason? Deep talent pool, strong policy support from Telangana government, low cost of living and better quality of life compare to a lot of other metropolitan cities. These are the reasons why major players are setting up GCCs in Hyderabad. These new GCCs are majorly focused on high-value functions such as AI engineering, digital platforms, fintech innovation, analytics and finance operations.
Recently Launched GCCs in 2026
LPL Financial: LPL Financial, one of the largest independent wealth management firms in the US, has launched a GCC in Hyderabad in early 2026. It is designed to support core technology, operations, digital platforms, cybersecurity, data analytics and risk management functions. Hyderabad has a deep BFSI talent pool, mature IT ecosystem and cost-efficient scalability which make it a best fit. LPL aims to strengthen its operational activities, faster product cycles, greater control over critical financial functions. The company has leased approximately 300,000 sq ft of premium Grade-A office space at Prestige Skyetech. LPL finance is expected to create hundreds of roles over the next 3-5 years.
GI Outsourcing- AI First GCC: GI Outsourcing is a UK based accounting and finance outsourcing firm started its AI-first GCC at International Tech Park, Hyderabad in 2026. The firm mainly focuses on finance, accounting, compliance, and automated processes through the use of advanced AI technology to support its global clients. There is an existing strong base of commerce, accounting, and finance knowledgeable professionals, along with a rapidly expanding AI developing ecosystem in Hyderabad leading to an ideal environment to support these operations.
The center will provide support to UK and international markets by using global accountancy standards and compliance framework. Because of its location in the International Tech Park, the development of the centre has been quicker and operationally more flexible. The centre is expected to grow from 50 employees to 200 employees by 2028.
Western Union-GCC with HCLTech: Western Union in partnership with HCLTech, has launched an AI-led GCC in Hyderabad to modernise its global payments and digital platforms. It is a core innovation hub majorly focusing on platform engineering, AI driven operations, digital payments infrastructure, and customer experience transformation. Hyderabad’s fintech talent density, scalable IT infrastructure, and strong GCC maturity has attracted global companies.
The GCC is expected to employ around 400 professionals. The GCC is designed to support infrastructure, digital consumer experience and engineering excellence working alongside its existing Pune tech center.
Also read: South Indian Cities Dominate 64% of GCCs in India: Here’s the List
Job creation and skill opportunities
The rapid expansion of GCCs has reshaped the employment landscape of Hyderabad. They emerged as major generators of high-quality, knowledge intensive jobs, which are beyond just the traditional IT services into advanced roles across technology, finance, analytics and digital operations. Previously launched GCCs like Vanguard, hiring 23000 engineers for AI, data, mobile. Another global giant Eli Lilly, launched in August, 2025 could facilitate 1500 jobs in next few years increasing demand for skills such as AI/ML, cloud computing, cyber security, data analytics, fintech development leading to skill upgradation within the state. Metlife, creating 2000+ jobs in financial services.
According to AIM Research GCC salary report, Hyderabad’s medium GCC salary is at ₹10.7 lakhs per annum, although it is lower than Bengaluru, but then again, cost of living in Hyderabad is less than Bengaluru. Hyderabad is also attracting companies focussed on deep tech and platform engineering. It is becoming a GCC choice because of huge talent pool, lower saturation and strong collaborations between academia, startups and industries.
Real Estate and Office Space Demand
- The GCCs projects have a visible impact on the real estate market of Hyderabad, particularly in areas close to major tech corridors. Growing demand for Grade A office spaces in areas like Madhapur, Gachibowli, kokapet for faster absorption.
- The residential capital values have increased, Banjara Hills- Jubilee Hills are now in the range of ₹13,500 -₹15,100 sq ft, while Narsingi-Kokapet have approximately moved to ₹9250 to ₹13,000 per sq ft which reflect a strong demand from high income GCC and IT professionals.
- Residential rents in areas such as Madhapur-Gachibowli have risen to around ₹9000 to ₹12, 000 per sq ft.
- There is a visible shift from other IT hubs to western Hyderabad corridors based on the availability of large and modern campuses.
- The number of vacant premium- Grade A office buildings continues to decrease, especially as more and more new office buildings are being completed. This is primarily due to long term leases signed between GCCs and landlords, which decreases the amount of high quality office space available for lease.
- Additionally, as the demand for office and housing space increases, the development of retail, co-living, serviced apartments and hospitality infrastructure in the GCCs technology corridors continues to grow.
Conclusion
The rapid establishment of the three Global Capability Centres in less than two months in 2026 shows Hyderabad’s movement toward becoming a global competency centre that provides high value. The creation of skilled jobs, the growth of technologically-focused employment, and the opportunity for continued growth in the demand for office space from these global capability centres are changing the employment landscape of Hyderabad and supporting the city’s long-term economic development.
Written by Boyapati Sai Jasmitha
