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Vanguard, the world’s largest asset manager, has launched its Global Value Centre (GVC) in Hyderabad, further solidifying the city’s position as a major hub for financial innovation and digital transformation. The centre, spread over 500,000 square feet, is expected to have a headcount of over 2,000 employees in four years.

The GVC reflects Vanguard’s recognition of India, particularly Telangana, as a strategic location for innovation, talent development and digital transformation. According to Nitin Tandon, Global Chief Information Officer at Vanguard, the centre will play a vital role in advancing innovation in support of the company’s mission to provide investors with a world-class digital experience.

The centre was inaugurated by Duddila Sridhar Babu, Minister for Information Technology, Electronics, Communications, Industries, and Legislative Affairs, Government of Telangana. The minister highlighted the state’s efforts to promote Hyderabad as a global technology and innovation hub, with a goal to anchor 120 new Global Capability Centres (GCCs) next year, creating over 1.2 lakh jobs.

“Today, we’re not here to make noise but to quietly advance Hyderabad as a global technology and innovation hub. Despite challenging global market conditions and a complex geopolitical landscape, we successfully anchored over 70 Global Capability Centres (GCCs) last year. We’re not stopping here. We aim to anchor 120 new GCCs next year, creating over 1.2 lakh jobs,” said the minister. 

Vanguard’s decision to set up its GVC in Hyderabad is part of the company’s technology transformation strategy. The centre will focus on advancing AI and digital transformation goals, fostering innovation in financial services and information technology, and contributing to India’s rapidly expanding digital economy.

“Hyderabad represents a thriving technology ecosystem with talent and ambition that underpins Vanguard’s commitment to provide our investors a world-class digital experience. We’re excited to open our new technology centre in Hyderabad and to welcome our new Vanguard India crew members. This technology hub builds on our decade-long collaboration in the region and will play a vital role in advancing innovation in support of our mission,” said Nitin Tandon, global chief information officer at Vanguard. 

Hyderabad has emerged as a leading destination for GCCs, with major companies like State Street Global Advisors, JPMorgan Asset Management, Goldman Sachs, Invesco, UBS, and Franklin Templeton already having a presence in the city. Vanguard’s GVC is expected to further strengthen the city’s position as a hub for financial innovation and digital transformation.

Venkatesh Natarajan, head of Vanguard India, said, “Our crew members are at the heart of everything we do. This office will combine Vanguard’s mission-driven culture centered on fairness and unwavering integrity with India’s world-class technology talent. Together, we will create technology capabilities that are innovative, scalable, and meaningful for investors everywhere.” Vanguard’s Hyderabad GVC will play a central role in advancing the company’s AI and digital transformation goals, fostering innovation in financial services and information technology, and contributing to India’s rapidly expanding digital economy.