India houses more than half of the world's GCCs: Report
From initial focus on IT support and back-office services, GCCs have now become hubs for innovation, research, and development. This transition resulted in a significant increase in the number of GCCs around the world, reaching approximately 3,200 centers.
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'India's leading office markets continue to offer a compelling value proposition to GCCs, characterized by competitive costs, a highly skilled workforce, robust infrastructure, progressive policy incentives, and a conducive business environment. However, selecting the right location remains critical to the long-term success of any GCC,' said Shrinivas Rao, FRICS, CEO, Vestian.
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The top six cities, such as Bengaluru, Hyderabad, Chennai, NCR, Mumbai, and Pune, account for 94% of the total number of
GCCs in India
. The rest are spread across Kolkata, Kochi, Ahmedabad, Chandigarh, Coimbatore, Vadodara, Nashik, Trivandrum, Jodhpur, Warangal, Baroda, Visakhapatnam, Bhogapuram, Jaipur, Surat, Mohali, Bhubaneswar, Indore, Mysuru, Madurai, and Bhopal.
'The rapid expansion of GCCs and large enterprises reflects this shift and is fundamentally reshaping workspace demand. Enterprises today are no longer looking for just real estate, they're looking for scale, speed, compliance, and flexibility without upfront capital. The rise in demand for large, fully managed workspaces is a direct response to this,' said Kunal Mehra, President & Co-CEO, Table Space.
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Table Space is offering a model built to support enterprise-grade growth from day one.
While Tier-1 cities continue to lead in terms of GCC presence, the momentum is gradually shifting towards Tier-2 cities. This shift is further bolstered by the Union Budget 2025, that proposes a national framework to facilitate the expansion of GCCs into emerging Tier-2 locations.
This geographical diversification is expected to drive a substantial increase in the number of GCCs nationwide. According to
Vestian Research
, the total number of GCCs in India is projected to exceed 2,100 by FY 2028, growing at a CAGR of 8%. On average, approximately 150 new centers are expected to be established annually.
The IT-ITeS sector leads the GCC landscape in India, accounting for approximately 49% of the total number of GCCs nationwide. It is followed by the BFSI sector which holds a 17% share.
Collectively, the Healthcare & Lifesciences, Engineering & Manufacturing, Consulting Services, and Telecom & Media sectors contribute around 19% to the overall number of GCCs in India.
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