Octave Opens Global Tech Innovation Centre in Hyderabad
Hyderabad’s reputation as a premier global hub for technology and innovation continues to strengthen, with another major multinational corporation making a significant commitment to the city. Octave Intelligence plc, a Nasdaq-listed technology leader, has officially inaugurated its new Global Technology and Innovation Centre in Hyderabad, spanning an impressive 2 lakh square feet.
Inaugurated by Telangana IT and Industries Minister D. Sridhar Babu, the new facility marks a major milestone in Octave’s global expansion and reinforces Hyderabad’s position as a top destination for Global Capability Centres (GCCs).
A Hub for Advanced Technology and Innovation
The new Hyderabad centre is designed to be a key technology and innovation hub for Octave on a global scale. Teams at the facility will focus on cutting-edge domains, including:
- Software Engineering
- Artificial Intelligence (AI) and Machine Learning
- Data Analytics and Cloud Computing
- Advanced Product Development
These capabilities will directly contribute to the development of technologies and solutions delivered to Octave’s global customer base, particularly in industries where complex assets and critical infrastructure require real-time intelligence and data-driven decision-making.
State-of-the-Art Facilities and Job Creation
Beyond its massive footprint, the facility features a dedicated Experience Centre, showcasing Octave’s latest innovations and capabilities to clients and partners.
The centre has already created significant employment opportunities, launching with a workforce of 1,600 employees. Reflecting its long-term commitment to the region, Octave plans to scale this headcount to 2,000 employees in the coming years, attracting top-tier tech talent from across India.
Leadership Perspectives on Hyderabad’s Growth
The expansion underscores the mutual benefits of Hyderabad’s thriving tech ecosystem and Octave’s global growth strategy.
D. Sridhar Babu, Telangana IT and Industries Minister, highlighted the state’s ongoing success in attracting global investments:
“The city is increasingly becoming the first choice for global firms to establish their Global Capability Centres (GCCs) and foray into India because of the engineering talent depth, specialised expertise, and stable ecosystem the city offers. Octave’s decision to establish this technology and innovation centre here is another strong endorsement of Hyderabad’s diverse and dynamic innovation ecosystems.”
He further noted the state’s aggressive growth trajectory: “We welcomed 75 new GCCs last year and are now targeting 100 more by next year. More importantly, in the last two years, the capabilities being built here are becoming increasingly diverse and sophisticated, spanning multiple sectors.”
Mattias Stenberg, CEO of Octave Intelligence, emphasized the strategic value of the new location:
“Octave’s global technology and innovation centre in Hyderabad is an exceptional location to continue the company’s next phase of growth.”
Strategic Context: Octave’s Global Footprint
Octave Intelligence plc came into existence following the 2025 spin-off of Hexagon AB’s Asset Lifecycle Intelligence and Safety, Infrastructure, and Geospatial divisions. Today, the company employs approximately 7,200 professionals across 45 countries, providing mission-critical software and data solutions to industries worldwide. The Hyderabad centre will play a pivotal role in driving the next wave of product innovation for this global workforce.
Looking Ahead
As the demand for AI-driven asset management and real-time industrial intelligence accelerates, Octave’s investment in Hyderabad ensures that the company remains at the forefront of technological advancement. For Hyderabad, this launch is yet another powerful validation of its world-class infrastructure, deep talent pool, and proactive government support, cementing its status as a cornerstone of the global digital economy.