Hyderabad houses 515 GCCs, to add 50-70 in next 1 year: report
Executive Take
Hyderabad is no longer a backup to Bengaluru for GCC setups, it's becoming a first choice. Leaders planning India expansion should price in rising competition for talent and office space there now, before costs catch up.
Executive Summary
A FICCI-Anarock report says Hyderabad has 515 Global Capability Centres as of March 2026, employing over 3 lakh people and making up 20% of India's GCC base. The city expects 50-70 new GCCs within a year. Office leasing by GCCs grew from 1.9 million sq ft in 2021 to 4.5 million sq ft in 2025, with over 3 million sq ft already leased in H1 2026. Prime office rent is Rs 95-115 per sq ft, cheaper than Bengaluru.
Why It Matters
GCC leaders deciding where to locate or expand operations need current data on talent supply, rent and sector mix before committing capital. HR leaders should expect tighter competition for talent as 50-70 new centers hire locally within a year.
Bizquad Perspective
The real story isn't the headline count, it's the sector shift: Hyderabad is pulling life sciences, semiconductors and BFSI GCCs away from pure IT-ITeS, which changes the talent and skills competition entirely.