Hyderabad is growing rapidly and becoming more than just a technology hub. In the first half of 2024, major banking, financial services, and insurance (BFSI) organizations have been setting up shop in the city. This shift shows that Hyderabad is becoming a well-rounded business hub.
The impact of BFSI’s expansion can be seen in the office leasing activity in Hyderabad. In H1 2024, the BFSI sector became one of the top three occupiers of office space, making up 30% of the market share. This growth shows confidence in Hyderabad’s infrastructure, workforce, business environment, and political stability.
Having established BFSI players in Hyderabad shows the strong foundation the city provides. This ecosystem not only benefits large corporations but also helps startups in the BFSI sector thrive. With supportive infrastructure and access to talent, Hyderabad is becoming a hub for financial innovation.
Hyderabad’s journey as a BFSI hub is just beginning. Its strategic location and commitment to fostering a business-friendly environment are likely to attract more major players in the future. This influx will solidify Hyderabad’s position as a comprehensive business destination for various industries.
