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BFSI sector's share in GCC leasing rises to a record 44% in Q2 2025
The Business Guardian
|August 13, 2025
Reflecting a structural shift in India's Global Capability Centers (GCC) landscape, the Banking, Financial Services, and Insurance (BFSI) sector emerged as the leading contributor to GCC leasing activity in April-June 2025, accounting for 44 per cent—its highest-ever quarterly share—surpassing the technology sector's 17 per cent.
Data analysis of global commercial real estate consultancy firm CBRE shows that the surge was driven almost equally by financial services & investment firms (49 per cent) and global banks (48 per cent) expanding their India footprint.
This marks a sharp rise from BFSI's modest 8 per cent share in 2022, as global firms are tapping India's skilled talent pool, cost advantages, and policy support amid rapid digitization of financial services.
GCCs, also known as Global In-house Centres (GICs) or Captive Centres, are fully owned and integrated hubs established by multinational corporations in talent-rich locations to build value and intellectual property.
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