Top GCCs in India by Revenue (2025): Leading the Race
Explore the top Global Capability Centers (GCCs) in India by revenue for 2025, driving significant growth in IT, BFSI, Healthcare, and Engineering sectors.
GccsRevenueIndiaSectorsInnovationReal EstateOct 31, 2025
Ranking the Industry by Sectors
1. BFSI & Fintech
JP Morgan stands as the largest GCC employer, with over 55,000 employees in India, making it a veritable digital headquarters for global financial services. Wells Fargo closely follows with approximately 37,000 professionals, while Citicorp operates around 32,000 employees. Bank of America maintains 28,000+ professionals, and Goldman Sachs commands a significant presence with 7,000+ employees across multiple Indian cities.
| Rank | Company | FY 25 Revenue |
|------|---------|---------------|
| 1 | JP Morgan, Wells Fargo, Citicorp, Bank of America, Goldman Sachs | Multi Hundred Crore |
2. Tech & ER&D
India leads as a global hub for tech and R&D GCCs, especially in cities like Bengaluru and Hyderabad. These centers focus on AI, machine learning (ML), data analytics, software development, and digital transformation. Increasingly, GCCs function as global innovation engines rather than just cost centers, with strong links to startups, academic, and innovation clusters.
| Rank | Company | FY 25 Revenue |
|------|---------|---------------|
| 2 | Microsoft | Large Multi Crore company |
| 3 | Google | Large Multi Crore company |
| 4 | Amazon | Large Multi Crore company |
| 5 | Oracle Financial Services | ₹6,373 Cr (US$750) |
| 6 | AMD India | Estimated ₹2,500-3000 Cr |
| 7 | Samsung R&D India – Bangalore | ₹5,000 Cr |
| 8 | Carl Zeiss (BLR) | ₹2,200 Cr |
| 9-13 | Silicon Labs, Celonis, Walmart, Tech, Cisco, VMware | Each ₹500-2,000 Cr range |
3. Pharma & Healthcare
India has become a major life sciences GCC hub, hosting nearly half of the top 50 global pharma and healthcare companies. These GCCs extend from back-office roles into strategic areas such as drug discovery, clinical trial management, regulatory affairs, pharmacovigilance, supply chain analytics, and digital therapeutics. Advanced AI and real-world evidence analytics are accelerating innovation pipelines.
| Rank | Company | FY 25 Revenue |
|------|---------|---------------|
| 14 | Sanofi (Hyderabad) | ₹3,500 Cr |
| 15 | Eli Lilly | Estimated ₹1,500 Cr+ |
| 16-20 | Roche, Novartis, Pfizer, AstraZenca, GE Healthcare | Each ₹800-2,000 Cr range |
4. Manufacturing & Engineering
Manufacturing and engineering-focused GCCs are clustered in cities like Pune and Chennai, serving as industrial engineering hubs. These centers support global manufacturing operations with engineering research, technology-driven process improvements, and sustainable innovation initiatives. Engineering GCCs integrate digital technologies and IoT to enhance productivity and operational excellence.
| Rank | Company | FY 25 Revenue |
|------|---------|---------------|
| 21 | Airbus Engineering India | ₹1,000-₹1,500 Cr+ |
| 22 | Collins Aerospace | ₹800-₹1,200 Cr+ |
| 23 | Pratt and Whitney India | ₹800-₹1,200 Cr+ |
| 24 | Marelli India R&D | ₹500-₹800 Cr |
| 25 | Boeing India Tech | ₹500-₹1,000 Cr |
| 26 | Ford Business Solutions | ₹400-₹800 Cr |
| 27 | Ebs-papst India (Chennai) | ₹300-₹600 Cr |
5. Retail, Consumer & Other Sectors
GCCs serving retail, consumer packaged goods (CPG), consulting, and other industries leverage India’s cost advantage and talent depth to drive functions such as supply chain analytics, customer insights, digital marketing, finance, and shared services. Major centers in Mumbai and Gurugram focus extensively on finance, legal, and consulting services supporting global enterprises.
| Rank | Company | FY 25 Revenue |
|------|---------|---------------|
| 28 | LuLu Group GCC (Kochi) | ₹400-700 Cr |
| 29 | Yum Brands Tech (BLR) | ₹300 – 500 Cr |
| 30 | Reltio Data Hub | ₹200 – 400 Cr |
| 31 | BharatPe Tech & Ops | ₹150 – 300 Cr |
| 32 | Licious Innovation Lab | ₹100 – 200 Cr |
| 33 | PepsiCo Global Services (Hyd) | ₹300 – 500 Cr |
Conclusion
India’s GCC leaders are dominated by financial services giants commanding tens of thousands of employees and billions in revenue, representing far more than operational efficiency plays. The future of GCCs in India is promising, with forecasts predicting 2,100 GCCs by 2028 and a market size touching $90 billion. Multinational enterprises are increasingly recognizing India’s potential in innovation, digital transformation, and strategic value creation.
Frequently Asked Questions
What are GCCs?
GCCs, or Global Capability Centers, are offshore locations established by multinational companies to leverage the local talent pool and cost advantages for various business functions, including IT, R&D, and finance.
Which city has the most GCCs in India?
Bengaluru has the most GCCs in India, with 487 centers, accounting for 29% of the national total.
What is the largest GCC employer in India?
JP Morgan is the largest GCC employer in India, with over 55,000 employees.
Which sectors are the top performers in the GCC landscape?
The top-performing sectors in the GCC landscape include BFSI & Fintech, Tech & ER&D, Pharma & Healthcare, Manufacturing & Engineering, and Retail & Consumer sectors.
What is the forecasted growth of GCCs in India by 2028?
The forecast predicts 2,100 GCCs by 2028, with a market size touching $90 billion.
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