Hyderabad to Host German Deutsche Börse GCC

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Germany’s Deutsche Börse will open a Global Capability Centre (GCC) in Hyderabad, Telangana state Chief Minister A. Revanth Reddy said on Tuesday, a day after US asset manager Vanguard inaugurated its first India technology hub in the city.

The German market-infrastructure group plans at least 1,000 IT jobs by 2027, the state government said, following a meeting between Reddy and a delegation led by German consul general Michael Hasper and Deutsche Börse executive board member and CIO/COO Christoph Böhm.

Deutsche Börse has positioned Hyderabad as a strategic site for engineering and shared services, saying the office will tap India’s technology talent and support work across capital-markets platforms, AI and cybersecurity.

“Our Hyderabad office allows us to access one of the most important technology talent pools in the world… We are looking forward to accelerating our long-term digital agenda,” Böhm said earlier this year, outlining the company’s India build-out.

Vanguard’s Global Value Center opened this week with an initial focus on engineering, cloud modernization, data, AI/ML and cybersecurity. Officials said the site could reach about 300 employees by end-2025 and scale toward more than 2,000 by 2029.

Telangana industries and IT minister D. Sridhar Babu, who attended the Vanguard launch, pointed out the state’s target to attract 120 new GCCs over the coming year, creating roughly 120,000 jobs.

On LinkedIn, he said Hyderabad is “moving beyond being a hub for Global Capability Centers to become a home of Global Value Centers.”