Mid-Market GCCs: Fueling Property Prices in India's Top Cities

Explore how mid-market Global Capability Centers (GCCs) are driving property prices in Bengaluru, Hyderabad, Delhi-NCR, Chennai, Pune, and Mumbai. Discover the impact on local economies and the future of India's digital innovation hub.

Midmarket GccsProperty PricesIndiaDigital InnovationEconomic GrowthReal Estate MumbaiNov 13, 2025

Mid-Market GCCs: Fueling Property Prices in India's Top Cities

Real Estate Mumbai:India has emerged as a global leader in the establishment of mid-market Global Capability Centers (GCCs), with over 480 such centers currently operational. These centers, primarily established by multinational corporations with revenues between $100 million and $1 billion, are playing a crucial role in driving property prices and economic growth in major cities across the country.

What is a Mid-Market GCC?

Mid-market GCCs are typically set up by multinational corporations with revenues ranging from $100 million to $1 billion. These centers are tasked with performing high-value, specialized functions using lean operational models. They serve as transformation hubs, with 47% of product management talent and 40% of architect talent globally located in India’s mid-market GCCs.

Total Installed Mid-Market GCCs in India: 2025 Snapshot

As of FY2025, there are over 480 mid-market GCCs in India, representing about 27% of all GCCs in the country. These centers employ approximately 210,000 skilled professionals. The installed base also includes around 680 mid-market GCC units, which account for 22% of total GCC units in India. Bengaluru has the highest concentration of mid-market GCCs, hosting about 35% of the installed base.

In the last two years (2023-2025), 45 new mid-market GCCs have been established, accounting for 35% of all newly opened GCCs. Mid-market GCCs are growing 1.2 times faster than large enterprise GCCs, highlighting their importance in India’s digital and innovation economy. These centers are 1.3 times more likely to be global transformation hubs and have a significant presence in deep-tech, product management, and architecture roles.

1. Bengaluru – The Innovation Capital

- Industry Focus & Impact: Technology, software, internet, SaaS, cloud, AI, and product innovation.
- Recent Growth: 45 new mid-market GCCs in the last two years, hosting 34% of mid-market units.
- Employment: Largest mid-market GCC talent pool in India.
- Key Companies: Planview, Bazaarvoice, Flexera.
- Attraction Factors: Mature digital talent, robust startup ecosystem, and strong infrastructure.
- Ecosystem Strength: Premier institutes, investor presence, and a focus on product development.

2. Hyderabad

- Industry Focus & Impact: Digital engineering, life sciences, and pharma R&D.
- Recent Growth: Rapid expansion with a 25% share in mid-market GCC talent growth. GCC units for mid-market in Hyderabad account for 15%.
- Employment: 11% of mid-market GCC talent.
- Key Companies: Castlight, Vervent.
- Attraction Factors: Government incentives, affordable infrastructure, and a strong global pharma presence.
- Ecosystem Strength: Strong IT services industry and research clusters.

3. NCR (Delhi-NCR)

- Industry Focus & Impact: Professional services, global customer operations, and analytics.
- Recent Growth: Increasing mid-market GCC presence focusing on customer experience (CX) and finance. GCC units for mid-market in NCR account for 13%.
- Employment: Significant mid-tier GCC employment.
- Key Companies: HERE Technologies.
- Attraction Factors: Proximity to headquarters and a talent leadership pool.
- Ecosystem Strength: Mature business services ecosystem.

4. Chennai

- Focus & Impact on Industry: Cost-effective engineering and software, automotive.
- Recent Growth: Emergence of mid-market GCC units driven by incentives and cost advantages. GCC units for mid-market in Chennai account for 12%.
- Employment: Rapid growth due to cluster expansion.
- Key Companies: EXFO India.
- Attraction Factors: Low operational costs and an increased talent supply.
- Ecosystem Strength: Manufacturing ecosystem and IT clusters.

5. Pune

- Focus & Impact on Industry: Automotive engineering and software services, advanced manufacturing technologies.
- Recent Growth: Modest but steady traction with mid-market GCCs in automotive and non-financial software. GCC units for mid-market in Pune account for 11%.
- Employment: Moderate growth but ongoing.
- Key Companies: EXFO, HERE.
- Attraction Factors: Educational infrastructure and a concentration of IT/engineering talent.
- Ecosystem Strength: A hybrid manufacturing and IT ecosystem.

6. Mumbai

- Focus & Impact on Industry: Financial services, digital operations, and software.
- Recent Growth: Smaller mid-market presence but growing for fintech and product firms. GCC units for mid-market in Mumbai account for 8%.
- Employment: Emerging mid-market GCC cluster.
- Key Companies: HERE Technologies.
- Attraction Factors: Proximity to the financial district and a range of talent.
- Ecosystem Strength: The largest responsibility of commercial hubs.

India’s Global Standing and Trends Ahead

The Indian GCC opportunity is substantial, with 30,000-40,000 mid-size enterprises globally addressable and underpenetrated, particularly in specialty verticals in Europe, the Middle East, and Africa (EMEA) and Asia-Pacific (APAC) headquarters. Global companies are increasingly opting for more flexible, conditional, or lower-cost GCC delivery models, emphasizing local technology upskilling and domestic aspirations to become a global product development and engineering hub.

Challenges and Outlook

Mid-market GCCs face several challenges, such as attracting talent (due to lower brand recall and capitalization), 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, not just 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 integrated into the global digital innovation and transformation landscape, they are poised to play an increasingly important role in India’s economic growth and property market dynamics.

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 perform high-value, specialized functions using lean operational models and serve as transformation hubs.

Which city has the highest concentration of mid-market GCCs in India?

Bengaluru has the highest concentration of mid-market GCCs, hosting about 35% of the installed base.

What are the key industries supported by mid-market GCCs in Hyderabad?

The key industries supported by mid-market GCCs in Hyderabad include digital engineering, life sciences, and pharma R&D.

How are mid-market GCCs impacting property prices in India's major cities?

Mid-market GCCs are driving property prices in major cities by creating high-skilled job opportunities, attracting talent, and fostering economic growth, which increases demand for residential and commercial properties.

What are the future trends for mid-market GCCs in India?

Future trends for mid-market GCCs in India include continued expansion into models requiring innovation, shifting to upstream global charter leadership, and building digital businesses. These centers are expected to play a crucial role in India's digital and innovation economy.