Hyderabad– US-based wealth management giant LPL Financial has formally chosen Hyderabad for its first Global Capability Centre (GCC) in India, in a major endorsement of the city’s growing appeal as a global financial services and technology hub. The company has leased approximately 300,000 sq ft of Grade-A office space at Prestige Skytech in the city’s Financial District for the new centre.
The Hyderabad GCC, branded as LPL Global Business Services, will support LPL Financial’s global operations with a focus on technology, data analytics, operations, enterprise support and digital solutions. Industry observers say the move underscores Hyderabad’s strength in attracting multinational firms looking to build high-value operational and technological capabilities.
Strategic Expansion into India’s GCC Landscape
LPL Financial, which manages trillions in assets and supports tens of thousands of financial advisors globally, is expected to ramp up hiring at the Hyderabad centre over the coming years, with industry sources indicating plans to recruit close to 2,500 professionals in technology, analytics and support functions. This hiring surge will provide a significant boost to the local knowledge economy and employment landscape.
Hyderabad’s GCC ecosystem has been expanding rapidly, with multinational and Fortune 500 companies increasingly choosing the city for their capability centres due to its deep talent pool, robust infrastructure, and business-friendly policies. The addition of LPL Financial follows similar expansions by other global players and reinforces the city’s position as a top destination for global financial services operations.
Impact on Hyderabad’s Commercial Real Estate and Job Market
The lease of a large commercial block for LPL’s centre further strengthens demand for premium office space in Hyderabad and is expected to underpin continued growth in the city’s commercial real estate sector. Analysts say such large leases help stabilize rental markets and encourage further investment in Grade-A office developments.
Government officials and business leaders have welcomed the announcement, noting that new global centres contribute to Hyderabad’s ambition to become a leading financial and technological hub in Asia. With the GCC expected to create thousands of skilled jobs, the announcement also promises positive ripple effects across supporting industries including education, housing, and services.
