Skip to content Skip to left sidebar Skip to right sidebar Skip to footer

Tag: #ITIndustry

Acumatica Opens New Global Capability Center in Hyderabad, Gearing Up for Major Hiring Push

Hyderabad’s reputation as a premier global technology hub continues to grow, with cloud-based ERP solutions provider Acumatica officially announcing the launch of its new Global Capability Center (GCC) in the city. The strategic move is designed to accelerate product innovation and serve as the core of the company’s growth engine in India.

Fueling Innovation and Regional Growth

Acumatica, a leading provider of cloud-based Enterprise Resource Planning (ERP) solutions for small and mid-sized businesses, has established the Hyderabad center to tap into the region’s world-class engineering talent.

The new GCC has kicked off operations with an initial team of 30 employees, but this is just the beginning. The company has announced aggressive plans to ramp up hiring in the coming months. While the initial focus is squarely on engineering and product development, Acumatica intends to expand the center’s scope into additional disciplines over time, supporting its continued regional and global growth.

A Strategic Global Footprint

The Hyderabad GCC is a significant addition to Acumatica’s expanding international footprint. It joins the company’s existing, well-established operations across the United States, Canada, Serbia, and Sri Lanka. By decentralizing its innovation hubs, Acumatica is positioning itself to deliver faster, more robust, and globally informed software solutions to its SMB clientele.

To ensure a seamless and scalable setup, Acumatica established the Hyderabad center in strategic partnership with ANSR and Summit Consulting Services, leveraging their deep expertise in building and managing high-performance global capability centers in India.

Leadership Perspective

Highlighting the strategic importance of this new facility, Miten Mehta, Chief Engineering Officer at Acumatica, noted that the Hyderabad GCC will act as the “core of the company’s growth engine in India.” This underscores the company’s long-term commitment to the region, viewing it not just as an outsourcing destination, but as a vital center for core product innovation and engineering excellence.

Why Hyderabad?

Hyderabad has consistently proven to be a magnet for global tech giants establishing GCCs. With its rich talent pool of software engineers, robust IT infrastructure, and a highly supportive state government ecosystem, the city offers the perfect environment for companies like Acumatica to scale their R&D and engineering operations efficiently.

Looking Ahead

As Acumatica ramps up its hiring and broadens the functional scope of its Hyderabad team, the new GCC is poised to play a pivotal role in shaping the next generation of cloud ERP technologies. For tech professionals in Hyderabad, this expansion represents an exciting wave of new, high-value career opportunities in a company that is actively redefining business management software for the modern era.

TCS Secures Premium Office Space in Hyderabad with Rs 4.37 Crore Monthly Lease

In a major move marking its continued expansion in Hyderabad, Tata Consultancy Services (TCS), one of the largest IT service companies globally, has secured a significant commercial lease agreement. The company has leased a state-of-the-art building in Hyderabad’s Nanakramguda area for a monthly rent of ₹4.37 crore. This strategic move comes as part of TCS’s ongoing efforts to strengthen its office presence in one of India’s leading technology hubs.

Prime Location, Long-Term Commitment

The property, Paradigm Rajapushpa, is a Grade-A commercial building developed by the Rajapushpa Group, spanning an impressive 10.2 lakh square feet (sq ft). This expansive office space is situated in the city’s vibrant Business District, home to a thriving ecosystem of top-tier companies such as Wipro, ICICI, Infosys, and Broadridge.

The deal is a 15-year lease agreement, set to commence on October 1, 2024, and TCS has agreed to a rent of ₹43 per sq ft for the leased space. As part of the agreement, the rent will undergo a 12% escalation every three years, ensuring that the space remains a high-value asset for both TCS and the property developers over time.

Additionally, TCS has paid a hefty upfront deposit of ₹26.2 crore, which covers approximately six months’ worth of rent. This substantial deposit underscores TCS’s commitment to long-term growth in the city and the broader region, reinforcing Hyderabad’s position as a critical hub for the IT industry.

Robust Office Space Market in Hyderabad

The office real estate market in Hyderabad continues to thrive despite the potential challenges posed by a significant supply pipeline. According to industry data, the city currently holds a substantial 28 million square feet (msf) of vacant office stock, the highest among the top seven cities in India. Despite this high vacancy rate, the demand for office space in Hyderabad remains robust.

In fact, the city recorded an impressive 2.7 million square feet (msf) of absorption in Q1 2025, marking a 17% year-on-year increase. This strong demand trend, even amid rising supply, indicates that Hyderabad continues to be a favored destination for businesses seeking scalable, state-of-the-art office spaces.

Changing Dynamics: Rent and Vacancy Rates

Interestingly, the average rent in areas like Nanakramguda has remained relatively stable, hovering around ₹70 per square foot in recent months. This figure contrasts with TCS’s lease rate of ₹43 per square foot, suggesting that TCS has secured a competitive deal in a market that’s seeing both rising rents and a significant number of available spaces.

While some may view the large amount of vacant stock in Hyderabad as a sign of oversupply, experts believe that it is a reflection of the city’s rapidly growing infrastructure and ongoing development. The upcoming supply of commercial office spaces is expected to fuel even more business activity, as companies continue to invest in top-tier locations.

Looking Ahead: The Future of Hyderabad’s Office Space Market

The Hyderabad office market is poised for a dynamic future. While the city holds the highest amount of vacant stock among the top Indian cities, it also has one of the strongest pipelines for upcoming commercial properties. The market’s robust absorption rate, coupled with increasing demand for modern workspaces, suggests that these vacant spaces will eventually be filled by companies eager to establish a presence in the city.

For TCS, the decision to lease a significant portion of Paradigm Rajapushpa for its operations aligns with its ongoing growth strategy. The company’s presence in the city reinforces Hyderabad’s position as a premier IT destination. As more companies follow suit and secure office spaces, Hyderabad will continue to evolve into a major player in the global business ecosystem.

Conclusion

TCS’s recent office lease in Hyderabad highlights both the continued growth of the city’s commercial real estate market and the strong demand for office space in one of India’s leading IT hubs. With a 15-year commitment and substantial upfront deposit, TCS has firmly established its presence in Hyderabad’s rapidly evolving office landscape. As the city continues to expand, both in terms of infrastructure and business activity, the demand for prime office spaces will only intensify, shaping the future of Hyderabad’s commercial real estate sector for years to come.