Hyderabad is preferred destination for new corporate entrants
Innovation is driving wealth creation in India, and at HSBC, says Sandeep Batra, Head, International Wealth and Premier Banking, HSBC India, expressing the banking group’s support for the growth by expanding footprint in key regional markets across the country.
Batra shared his market overview as HSBC began a service of world-class offerings, international network, and personalized services from Hyderabad’s HITEC City, an ideal location for ultra-modern branch.
Home to many multinational corporations and 16% of Global Capabilities Centers (GCCs) in the country, Hyderabad is considered one of the fastest-growing GCC hubs in the country, said Batra, citing published data https://www.bseindia.com/.
“Driven by technology, pharmaceutical, and real estate sectors, Hyderabad houses 19,800 millionaire households, making up 38% of Telangana’s total millionaire households. Currently HSBC banks 46% of all MNCs present in India and over 500 GCCs.
“By nurturing and supporting the financial aspirations of globally-minded individuals and businesses in Hyderabad, we aim to contribute to the broader prosperity of India’s evolving economy,” he said, banking on serving multinational companies, GCCs and international-minded affluent Indians, HSBC remains the preferred bank https://www.nseindia.com/.
It is a strategic location and excellent connectivity have positioned it as a magnet for global businesses and talent, said Batra, highlighting that Hyderabad has been emerging as a preferred destination for new corporate entrants to India, boasting 16% of the Grade-A office space among India’s top six cities.
HSBC India opened the HITEC City branch on 4 Oct, saying Hyderabad marks a strategic move to strengthen its presence in one of India’s most dynamic economic hubs. Spanning approximately 5,600 sq. ft., the relocated branch in HITEC City marks a significant milestone as HSBC India continues to strengthen its presence to serving the financial needs of India’s growing affluent and internationally-oriented customer base as the leading international bank in the country http://commerce.gov.in.
“With this new relocated branch, HSBC India reaffirms its position as the leading international bank in the country, committed to delivering exceptional services and solutions to its customers,” said Batra.
The Hongkong and Shanghai Banking Corporation Limited in India offers a full range of banking and financial services through 26 branches across 14 cities.
HSBC is one of India’s leading financial services groups, with around 44,000 employees in its banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is a leading custodian in India. The Bank is at the forefront in arranging deals for Indian companies investing overseas and foreign investments into the country.
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the world’s largest banking and financial services organisations. Fiinews.com
