Hyderabad Rising: Challenging Bengaluru’s GCC Dominance?

Hyderabad is rising as India’s next GCC hub, with new centres from LPL Financial, GI Outsourcing, and Western Union, driven by talent, policy, and lower costs

For years, Bengaluru has been India’s undisputed hub for Global Capability Centres (GCCs). But Hyderabad is rapidly reshaping that narrative, positioning itself as the country’s next big GCC powerhouse. Within just the first two months of 2026, the city welcomed three major GCCs—from LPL Financial, GI Outsourcing, and Western Union in partnership with HCLTech—cementing its growing appeal to global corporations.

Why Hyderabad is Winning

The city’s success rests on a combination of factors: a deep talent pool, strong policy support from the Telangana government, lower cost of living, and superior quality of life compared to many metros. Hyderabad already hosts 355+ GCCs, accounting for nearly 13% of India’s tech workforce, and recorded its highest-ever office leasing in 2024 at 5.3 million sq ft.

High-Value Functions

Unlike traditional IT services, Hyderabad’s new GCCs are focused on AI engineering, fintech innovation, analytics, and digital platforms. LPL Financial’s 300,000 sq ft facility at Prestige Skyetech will strengthen BFSI operations, while GI Outsourcing’s AI-first centre at International Tech Park is scaling from 50 to 200 employees by 2028. Western Union’s AI-led GCC, employing 400 professionals, is modernising global payments and digital platforms.

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Jobs and Skills Boom

This surge is creating thousands of knowledge-intensive jobs in AI/ML, cloud computing, cybersecurity, and fintech. Giants like Vanguard, Eli Lilly, and MetLife have already added thousands of roles, driving skill upgradation across the state. Hyderabad’s median GCC salary of ₹10.7 lakh per annum may trail Bengaluru, but the city’s lower living costs make it highly attractive for professionals.

Real Estate Impact

The GCC wave is also transforming Hyderabad’s real estate market. Demand for Grade-A office spaces in Madhapur, Gachibowli, and Kokapet is soaring, while residential capital values in Banjara Hills and Jubilee Hills have touched ₹15,100 per sq ft. Rents in tech corridors are climbing, reflecting the influx of high-income professionals.

The Bigger Picture

Hyderabad’s rapid GCC expansion signals a shift in India’s tech geography. With global firms betting big on its talent and infrastructure, the city is steadily challenging Bengaluru’s long-held dominance, emerging as India’s next job and innovation hub.

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