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 * Published on January 15, 2025
 * In GCC


INDIA SET TO HOST 620+ NEW GCCS BY 2030: ANSR REPORT

Bengaluru leads as the top GCC hub, hosting over 285 companies and employing
560,000 professionals.
Views : 128

 * by Mohit Pandey



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ANSR, one of India’s leading Global Capability Centres (GCCs) enablers, released
its Q3 GCC Report, which highlights India’s ascension as a global hub for GCCs. 

Over 450 Forbes Global 2000 companies operate 825+ GCCs across the country,
employing more than 1.3 million professionals. The report predicts that by 2030,
India could host 620+ additional GCCs, representing over 32% of Forbes Global
2000 enterprises.

The robust GCC ecosystem in India thrives on its skilled workforce, supportive
government policies, innovative startups, and a strong network of service
providers. This combination positions India as a premier destination for global
business innovation.

Source: ANSR GCC Report



Bengaluru leads as the top GCC hub, hosting over 285 companies and employing
560,000 professionals. Hyderabad follows with 110+ GCCs and 190,000 employees,
attracting interest due to its infrastructure, talent availability, and
business-friendly policies. 

Non-metro cities like Ahmedabad, Vizag, Trivandrum, and Coimbatore are also
emerging as preferred destinations for cost-effective operations and access to
untapped talent pools.

The BFSI sector dominates, representing 18% of GCCs in India, followed by
Manufacturing and Retail/CPG. Newly established GCCs are prioritising advanced
digital capabilities, with 90% focusing on AI/ML and data analytics. 

Other priorities include cybersecurity (40%) and cloud capabilities (50%),
signaling a shift towards innovation-driven operations.

GCC leasing activity surged in Q3 2024, accounting for 44% of total office
leasing in India. Bengaluru captured 62% of this demand, followed by Hyderabad
at 15%. Companies like Walmart, Sanofi, NatWest Group, and Flutter Entertainment
have been key players in this expansion, leveraging India’s talent pool and
infrastructure.

According to a report by CBRE, the year saw a gross absorption of 79.0 million
sq ft, a 16% YoY growth. GCCs accounted for 37% of the total office leasing
activity in 2024, solidifying their importance in India’s commercial real estate
market. BFSI firms and technology companies contributed 44% of GCC leasing,
showcasing their integral role in the office sector’s growth.

Source: ANSR GCC Report



GCCs are evolving from operational support roles to becoming integral in global
decision-making, fostering innovation through collaboration and partnerships.
They are also exploring non-metro cities in Karnataka, Tamil Nadu, and Uttar
Pradesh to benefit from lower operational costs and a favourable business
environment.

Vikram Ahuja, co-founder of ANSR and CEO of Talent500, remarked, “Global
Capability Centres are driving India’s growth story by leading the tech
revolution across sectors through cutting-edge innovation. With a skilled
workforce and emerging technologies like AI and cybersecurity, India is set to
accommodate 620+ new GCCs by 2030, creating opportunities for over 1.9 million
professionals.”

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MOHIT PANDEY

Mohit writes about AI in simple, explainable, and sometimes funny words. He
holds keen interest in discussing AI with people building it for India, and for
Bharat, while also talking a little bit about AGI.
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