Global Capability Centres (GCCs) are accelerating their expansion across India, with southern cities like Bengaluru, Chennai, and Hyderabad emerging as the dominant hubs, according to ANAROCK's latest Q1 2025 report.
Key Highlights:
Southern Cities Lead GCC Growth
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Bengaluru, Chennai, and Hyderabad collectively accounted for 64% of all GCC office leasing in Q1 2025.
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These cities absorbed approximately 5.34 million sq. ft. of the total 8.35 million sq. ft. leased by GCCs across India's top 7 cities.
Delhi-NCR Rising
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Delhi-NCR emerged as a strong alternative, contributing 1.95 million sq. ft., reinforcing its appeal for diversified GCC presence.
Massive Year-over-Year Growth
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GCCs leased 43% of the total 19.47 million sq. ft. of office space across top cities in Q1 2025.
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This marks a 72% jump from 4.87 million sq. ft. in Q1 2024, underscoring India's escalating importance in global corporate strategies.
Peush Jain, Managing Director, ANAROCK, noted:“Driven by India’s rising economic influence, GCCs are also expanding into Tier 2 & 3 cities such as Ahmedabad, Kochi, and Coimbatore.”
Sectoral Diversification of GCCs
While IT/ITeS firms remain dominant, leasing 35% of GCC space, the ecosystem is becoming increasingly diversified:
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BFSI (Banking, Financial Services, Insurance): 22%
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Manufacturing & Industrial: 13%
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E-commerce: 6%
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Consultancy: 5%
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Others (including telecom, energy, healthcare): 19%
This shift from the pre-pandemic IT-BFSI concentration reflects the growing strategic roles of GCCs across varied global industries.
GCC Landscape – Present and Future Projections
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By end-2024:
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~1,700 GCCs
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Market value: USD 52 billion
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Employees: 1.70–1.80 million
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By end-2025 (Projected):
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Over 1,900 GCCs
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Market value: USD 60–70 billion
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Employees: ~1.9 million
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By 2030 (Projected):
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2,200–2,300 GCCs
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Market value: USD 100–110 billion
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Employees: 2.4–2.8 million
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Key Drivers of Growth
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Cost efficiency + talent availability
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Government incentives from the recent Union Budget
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Strategic shift of global corporations towards India for complex, high-value functions
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Expansion beyond metros into Tier 2 & 3 cities
In summary, India's GCC ecosystem is undergoing rapid transformation—fuelled by strategic location preferences, sectoral diversification, and robust policy support. Southern cities continue to dominate, but emerging hubs across the country signal a broader wave of economic decentralisation.
