Vanguard Group, one of the largest financial management MNCs, has announced the establishment of its Global Capability Centre (GCC) in Hyderabad on Monday, marking the company’s first facility in India.
The centre will focus on recruiting top-tier engineering talent in areas such as Artificial Intelligence (AI), data analytics, and mobile engineering. Vanguard Group plans to scale the facility to over 2,300 employees in the coming years, significantly contributing to the region’s growing tech ecosystem.
Telangana’s chief minister Revanth Reddy shared the news on X, saying, “Delighted to share with the people of #Telangana that @Vanguard_Group, one of the world’s most respected financial management MNCs, has chosen #Hyderabad for establishing its Global Capability Centre (GCC).”
This development follows the recent inauguration of a new 1.2 million-square-foot engineering facility by Microsoft in Hyderabad, which will house 3,000 engineers. It highlights the rapid growth of Hyderabad as a major hub for global corporations in the tech and life sciences sectors.
Meanwhile, Hyderabad has been rapidly establishing itself as a life sciences powerhouse, rivalling Bengaluru, owing to a state-supported business ecosystem that is attracting an increasing number of Global Capability Centres (GCCs).
The city is seeing a surge in R&D and biotech investments, with companies like Meishi Pharma Services, ALS, and Miltenyi Biotec setting up advanced research and biopharma facilities. Additionally, Telangana’s Green Pharma City initiative has received a significant boost, with investments from 11 leading pharmaceutical companies, including Bharat Biotech, Biological E, and Sai Life Sciences, totaling ₹5,445 crore and generating 9,800 new jobs.
