US investment manager Vanguard picks Hyderabad for first India GCC

Vanguard, the $6 trillion US investment manager, opened its first Global Capability Centre in Hyderabad on Monday, joining a growing list of multinational firms building large tech teams in the southern Indian city.

The hub will focus on cloud modernization, data and analytics, artificial intelligence, machine learning and cybersecurity, with plans to employ more than 2,300 technology professionals by 2029 and roughly 300 by the end of 2025.

Telangana state deputy chief minister Mallu Bhatti Vikramarka and IT and industries minister Duddilla Sridhar Babu opened the center and pitched Hyderabad’s talent base and infrastructure as the draw.

Vikramarka said the decision underscored the city’s standing as a technology hub and invited Vanguard to expand at the upcoming Future City project.

He added that seven of the world’s top asset managers, together overseeing roughly $30 trillion, already run operations from Hyderabad.

Babu said the state aims to attract 120 new global capability centers over the next year, creating about 120,000 jobs.

Hiring at Vanguard is running ahead of plan, said Nitin Tandon, the firm’s global chief information officer.

“We planned to reach about 200 employees by year-end, but we now expect to close 2025 with around 300 employees here,” he said.

Venkatesh Natarajan, who leads Vanguard India, said the company is operating out of a temporary facility and has leased about 165,000 sq. ft across three offices, including two in Sattva Knowledge Park in HITEC City.

The Hyderabad site will support engineering across Vanguard’s investor-facing platforms and core enterprise systems.

The company said the center will also host collaborative labs to test and launch new digital features more quickly. Executives framed the move as a long-term buildout anchored in access to talent rather than a short-term cost play.

Hyderabad has become a favored destination for global banks, insurers, drugmakers, media companies, and consumer brands that want to run captive technology and operations centers at scale.

Recent expansions by large multinationals have reinforced the city’s pitch of a deep talent pool, a steady pipeline from local universities, modern office stock, and a predictable operating environment.

Vanguard said the Hyderabad team will grow in phases as projects ramp, with headcount and office capacity set to expand in step.

As hiring advances, the company expects the centre to take on a larger share of engineering and data work tied to its global product roadmap.