Citizens Financial Group launches Hyderabad GCC in partnership with Cognizant

     Hyderabad, Apr 15 (PTI) Citizens Financial Group, a US-based financial institution, on Tuesday launched its Global Capability Centre (GCC) in Hyderabad through a strategic partnership with global technology services company Cognizant.
     The Hyderabad GCC is designed as a next-generation innovation hub to support Citizens’ digital transformation and technology modernisation journey, an official release said.
     It added that the centre is expected to scale up to a headcount of 1,000 IT, Data, and Analytics professionals by March 2026 and will play a key role in strengthening Citizens’ technology capabilities across enterprise platforms, customer experience, and data-driven decision-making.
     The launch event was held in the presence of Telangana IT Minister D Sridhar Babu.
     The GCC is intended to help Citizens more quickly and effectively foster innovative solutions for their customers.
     The release stated that it will also serve as an innovation hub, implementing cutting-edge technologies and fostering a culture of continuous learning and development.
     Sridhar Babu said Hyderabad is on track to add 200 million sq ft of Grade A office space by 2030.
“Our growth is clearly visible across metrics — Hyderabad’s Rajiv Gandhi International Airport recorded the highest passenger traffic growth among all Indian metro airports in 2024. Commercial space absorption soared by 56 per cent, the highest in the country, while our retail sector leased 1.8 million sq ft last year.
     This boom is backed by a clear vision: to not just build infrastructure, but to build the future. Hyderabad is on track to add 200 million sq ft of Grade A office space by 2030,” he said.
The government wants to transform Hyderabad from a GCC hub into a Global Value Centre — a place where companies lead with innovation, build IP, and drive product development, Sridhar Babu said.
     He added, "This aligns with our larger ambition — to make Telangana the first Indian state to contribute USD 1 trillion to the national GDP over the next decade. Strategic partnerships like this one between Citizens Bank and Cognizant bring us a step closer to that goal."

(This story has not been edited by THE WEEK and is auto-generated from PTI)