Around 55 pc of total GCCs in India in Bengaluru, Hyderabad, Chennai: Vestian
In a statement on Monday, US-based real estate consultant Vestian stated that India houses nearly 1,700 GCCs spread across Tier-1 and Tier-2 cities, accounting for around 53 per cent of the about 3,200 GCCs worldwide.
"India's leading office markets continue to offer a compelling value proposition to GCCs, characterised by competitive costs, a highly skilled workforce, robust infrastructure, progressive policy incentives, and a conducive business environment," Vestian CEO Shrinivas Rao said.
However, he noted that selecting the right location remains critical to the long-term success of any GCC.
According to Vestian, India's top six cities -- Bengaluru, Hyderabad, Chennai, Delhi-NCR, Mumbai, and Pune -- account for 94 per cent of the total number of GCCs in the country.
The rest are spread across various states.
The consultant projected that the total number of GCCs in India could exceed 2,100 by the end of the 2027-28 fiscal year. On an average, it said around 150 new GCCs are expected to be established annually.
In India, nearly 50 per cent of the total GCCS are of IT-ITeS sector, followed by the BFSI (banking, financial services and insurance) sector that holds 17 per cent share.
On city-wise analysis, Vestian said there are 487 GCCs in Bengaluru, accounting for 29 per cent of the total number of GCCs in the country.
Hyderabad has 273 GCCs, Delhi-NCR houses 272 GCCs, Mumbai 207 GCCs, Pune 178 GCCs, and Chennai 162 GCCs.
There are 922 GCCs in the three southern cities -- Bengaluru, Hyderabad and Chennai -- the data showed.
Commenting on the report, Gurugram-based property consulting firm InfraMantra Founder Shiwang Suraj said the Delhi-NCR accounts for 16 per cent of the total GCCs in the country.
"The accelerated infrastructure development, ease of doing business and skilled manpower have attracted these companies to Delhi-NCR," he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a few seconds ago
- Mint
Titan share price gains on proposed acquisition in the Gulf countries
Stock Market Today: Titan share price gained in the morning trades on Tuesday on the proposed acquisition in the Gulf countries. While the announcement will enhance global presence, the analysts await a significant turnaround and acceleration in store expansion to help rerate the stock. Titan on Monday after the market hours announced that it proposes an acquisition in the Gulf countries. Titan has proposed the acquisition of a 67% shareholding in the Damas jewellery business by the company through its Wholly Owned Subsidiary. Titan Holdings International FZCO., ("Titan Holdings"), a wholly owned subsidiary of the Company, has signed a Definitive Agreement with Damas International Limited, UAE, a wholly owned subsidiary of Mannai Corporation QPSC, Qatar ("Mannai"), to purchase a 67% stake in Damas LLC (UAE), the current holding company for Damas jewelry business in GCC countries. The proposed transaction involves acquiring 67% of the target firm at an enterprise value of AED 1,038 million. The net consideration is subject to typical debt, cash, and other adjustments.
Indian Express
a few seconds ago
- Indian Express
‘Now a household name': Astronomer's new CEO on company being in the ‘spotlight' after Coldplay kiss cam ‘scandal'
Days after the 'kiss cam scandal' from a Coldplay concert went viral, US tech company Astronomer's new interim CEO Pete DeJoy, in his first statement on Monday, said that 'the events of the past few days have received a level of media attention that few companies—let alone startups in our small corner of the data and AI world—ever encounter'. Even though he would never wish for such an incident to happen 'like this', he added that Astronomer is 'now a household name'. 'The spotlight has been unusual and surreal for our team,' DeJoy said. The New York-based company landed in controversy after two of its employees— Andy Byron, the former CEO of tech firm Astronomer, and Kristin Cabot, the company's Chief People Officer— were found embracing each other in a video relayed on a giant screen during a Coldplay concert held in Boston. 'Over the weekend, I stepped into the role of Interim CEO at Astronomer, a company that I've proudly poured my entire professional life into helping build,' DeJoy said in a post on LinkedIn, a day after former CEO Byron resigned from his position following the controversy. In the viral video clip, two people are seen with their arms wrapped around each other. As soon as the footage of Byron and Cabot was relayed on a giant screen during the concert, they abruptly ducked and hid from the camera. Coldplay Singer Chris Martin is heard saying: 'Either they're having an affair or they're just very shy.' Further, the new interim CEO said: 'At Astronomer, we have never shied away from challenges; a near-decade of building this business has tested us time and time again, and each time we've emerged stronger. From starting a software company in Cincinnati, Ohio, to keeping the lights on through the collapse of the bank that held all our cash, to scaling from 30 to 300 people during a global pandemic that demanded we do it all without ever being in the same room.' 'I'm stepping into this role with a wholehearted commitment to taking care of our people and delivering for our customers. Astronomer's foundation remains strong, built around the thriving Apache Airflow community. Our opportunity to build a DataOps platform for the age of AI remains massive. And our story is very much still being written,' he added.
Indian Express
a few seconds ago
- Indian Express
Microsoft server hack hit about 100 organizations, researchers say
A sweeping cyber espionage operation targeting Microsoft server software compromised about 100 organizations as of the weekend, two of the organizations that helped uncover the campaign said on Monday. Microsoft on Saturday issued an alert about 'active attacks' on self-hosted SharePoint servers, which are widely used by organizations to share documents and collaborate within organizations. SharePoint instances run off of Microsoft servers were unaffected. Dubbed a 'zero-day' because it leverages a previously undisclosed digital weakness, the hacks allow spies to penetrate vulnerable servers and potentially drop a backdoor to secure continuous access to victim organizations. Vaisha Bernard, the chief hacker at Eye Security, a Netherlands-based cybersecurity firm, which discovered the hacking campaign targeting one of its clients on Friday, said that an internet scan carried out with the Shadowserver Foundation had uncovered nearly 100 victims altogether – and that was before the technique behind the hack was widely known. 'It's unambiguous,' Bernard said. 'Who knows what other adversaries have done since to place other backdoors.' He declined to identify the affected organizations, saying that the relevant national authorities had been notified. The Shadowserver Foundation confirmed the 100 figure. It said most of those affected were in the United States and Germany, and the victims included government organizations. Another researcher said that, so far, the spying appeared to be the work of a single hacker or set of hackers. 'It's possible that this will quickly change,' said Rafe Pilling, director of Threat Intelligence at Sophos, a British cybersecurity firm. Microsoft said it had 'provided security updates and encourages customers to install them,' a company spokesperson said in an emailed statement. It was not clear who was behind the ongoing hack, but Alphabet's Google, which has visibility into wide swaths of internet traffic, said it tied at least some of the hacks to a 'China-nexus threat actor.' The Chinese Embassy in Washington didn't immediately respond to a message seeking comment; Beijing routinely denies carrying out hacking operations. The FBI said on Sunday it was aware of the attacks and was working closely with its federal and private-sector partners, but offered no other details. Britain's National Cyber Security Center said in a statement that it was aware of 'a limited number' of targets in the United Kingdom. A researcher tracking the campaign said that the campaign appeared initially aimed at a narrow set of government-related organizations. The pool of potential targets remains vast. According to data from Shodan, a search engine that helps to identify internet-linked equipment, over 8,000 servers online could theoretically have already been compromised by hackers. Shadowserver put the number at a little more than 9,000, while cautioning that the figure was a minimum. Those servers include major industrial firms, banks, auditors, healthcare companies, and several U.S. state-level and international government entities. 'The SharePoint incident appears to have created a broad level of compromise across a range of servers globally,' said Daniel Card of British cybersecurity consultancy PwnDefend. 'Taking an assumed breach approach is wise, and it's also important to understand that just applying the patch isn't all that is required here.'
