Mid-Market GCCs Drive Property Prices in India’s Top Cities
Explore how mid-market Global Capability Centers (GCCs) are boosting property prices across six major cities in India, from Bengaluru to Delhi-NCR.
Midmarket GccsProperty PricesReal EstateGlobal Capability CentersIndiaReal Estate NewsNov 12, 2025
Mid-market GCCs are established by multinational corporations with revenues between $100 million and $1 billion. These centers are tasked with high-value, specialized functions and are known for their lean operational models. They serve as transformation hubs, with a significant share of global product management and architect talent located in India. This unique positioning has made India a catalyst for supporting the global digital and innovation ecosystem.
Total Installed Mid-Market GCCs in India: 2025 Snapshot
As of FY2025, there are over 480 mid-market GCCs in India, representing approximately 27% of all GCCs operating nationally. These centers employ around 210,000 skilled professionals. The installed base also includes about 680 mid-market GCC units, which account for roughly 22% of total GCC units in the country. Bengaluru leads with the highest concentration, hosting 35% of the installed base. In the last two years, 45 new mid-market GCCs have been established, growing 1.2 times faster than large enterprise GCCs.
Bengaluru – The Innovation Capital
Industry Focus & Impact: Bengaluru is a hub for technology, software, SaaS, cloud, AI, and product innovation. The city has seen the establishment of 45 new mid-market GCCs in the last two years, hosting 34% of mid-market units. It boasts the largest mid-market GCC talent pool in India, with key companies like Planview, Bazaarvoice, and Flexera. Bengaluru’s mature digital talent, startup ecosystem, and robust infrastructure make it an attractive location for GCCs.
Hyderabad
Industry Focus & Impact: Hyderabad is known for digital engineering, life sciences, and pharma R&D. The city has seen rapid expansion in mid-market GCC talent, with a 25% share in growth. It hosts 11% of mid-market GCC talent, with key companies like Castlight and Vervent. Government incentives, affordable infrastructure, and a strong global pharma presence are major attraction factors. Hyderabad’s IT services industry and research clusters further strengthen its ecosystem.
NCR (Delhi-NCR)
Industry Focus & Impact: NCR is a hub for professional services, global customer operations, and analytics. The region is experiencing increasing mid-market GCC presence, particularly in CX and finance. Key companies like HERE Technologies are driving this growth. Proximity to headquarters and a talent leadership pool make NCR an attractive location. The mature business services ecosystem further supports the growth of mid-market GCCs.
Chennai
Industry Focus & Impact: Chennai is known for cost-effective engineering and software, particularly in the automotive sector. The city has seen the emergence of mid-market GCC units driven by incentives and cost advantages. Key companies like EXFO India are contributing to this growth. Low operational costs and an increased talent supply are major attraction factors. Chennai’s manufacturing ecosystem and IT clusters provide a strong foundation for mid-market GCCs.
Pune
Industry Focus & Impact: Pune is a hub for automotive engineering and software services, with a focus on advanced manufacturing technologies. The city has seen steady traction in mid-market GCC growth, particularly in automotive and non-financial software. Key companies like EXFO and HERE are driving this growth. Educational infrastructure and a concentration of IT/engineering talent make Pune an attractive location. The hybrid manufacturing and IT ecosystem further support the growth of mid-market GCCs.
Mumbai
Industry Focus & Impact: Mumbai is a hub for financial services, digital operations, and software. The city has a smaller but growing mid-market GCC presence, particularly in fintech and product firms. Key companies like HERE Technologies are contributing to this growth. Proximity to the financial district and a range of talent make Mumbai an attractive location. The city’s role as a commercial hub further supports the growth of mid-market GCCs.
India’s Global Standing and Trends Ahead
The Indian GCC opportunity is significant, with 30,000-40,000 mid-size enterprises globally addressable, particularly in specialty verticals in Europe, the Middle East, and Africa (EMEA) and Asia-Pacific (APAC). Global companies are increasingly opting for flexible, lower-cost GCC delivery models, emphasizing local technology upskilling and domestic aspirations in becoming a global product development and engineering hub.
Challenges and Outlook
Mid-market GCCs face challenges such as attracting talent, standardizing operating models, and building a network presence. However, best practices and government support can help overcome these challenges. The future will see continued expansion into models requiring innovation, shifting to upstream global charter leadership and building digital businesses beyond back-office delivery.
Conclusion
India’s mid-market GCC ecosystem continues to scale at a record pace, benefiting the overall economy and upskilling talent. As these centers become more integral to the global digital innovation and transformation hub, they are also driving property prices in key cities across the country. From Bengaluru to Delhi-NCR, the impact of mid-market GCCs is undeniable and poised to grow further in the coming years.
Frequently Asked Questions
What are mid-market GCCs?
Mid-market Global Capability Centers (GCCs) are established by multinational corporations with revenues between $100 million and $1 billion. They focus on high-value, specialized functions and operate with lean models.
How many mid-market GCCs are there in India as of 2025?
As of FY2025, there are over 480 mid-market GCCs in India, representing approximately 27% of all GCCs operating nationally.
Which city has the highest concentration of mid-market GCCs in India?
Bengaluru has the highest concentration of mid-market GCCs in India, hosting 35% of the installed base.
What industries are primarily focused on in NCR?
NCR is a hub for professional services, global customer operations, and analytics, with a growing presence in CX and finance.
What are the key challenges faced by mid-market GCCs in India?
Mid-market GCCs face challenges such as attracting talent, standardizing operating models, and building a network presence. However, best practices and government support can help overcome these challenges.
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