In a landmark move underscoring Hyderabad’s rise as a global technology epicenter, DarkMatter India Technologies, a subsidiary of the Perseus Group under Constellation Software Inc. (CSI), launched its state-of-the-art Global Capability Centre (GCC) in Hyderabad on Friday.
Minister for IT and Industries Duddilla Sridhar Babu inaugurated the GCC. The launch, attended by industry titans and government leaders, signals Telangana’s accelerating dominance in attracting Fortune 500 innovation centers and positions India as a critical player in the global AI revolution.
The new GCC, operational with 750 employees and aiming to triple its workforce to 2,250 by 2027, will drive cutting-edge advancements in artificial intelligence (AI), machine learning, cloud computing, and cybersecurity.
Strategically designed to serve over 1,000 companies across the U.S., Canada, Africa, and Australia, the center underscores Hyderabad’s unmatched blend of talent, infrastructure, and policy support.
On the occasion, Minister Duddilla Sridhar Babu hailed the launch as a “watershed moment” for the State.
“Hyderabad is no longer just the City of Pearls or a pharma hub—it is now India’s answer to Silicon Valley in the BFSI (Banking, Financial Services, Insurance) sector. With five of the world’s top BFSI GCCs, including Wells Fargo, Goldman Sachs, and now DarkMatter, we are scripting a new narrative of tech-led growth,” he declared.
The Minister further stated that Telangana’s GCC ecosystem, already generating $10 billion in revenue from 355 centers, is poised for explosive growth and the State’s BFSI consortium and Young India Skills University are skilling 1 lakh professionals yearly, ensuring a pipeline of talent for giants like DarkMatter.
“With 5 lakh skilled BFSI professionals and counting, Hyderabad offers the perfect storm of innovation and expertise,” Sridhar Babu said.
Scott Smith, President of the Perseus Group, said, “Hyderabad’s tech ecosystem is unparalleled. This GCC isn’t just an investment—it’s a commitment to co-creating the future of AI-powered vertical software.”
The center will focus on mortgage tech innovation, leveraging AI to streamline loan origination processes for global clients, he said.