Charles Schwab to scale India centre workforce to 2,000 by 2027
U.S. financial services firm Charles Schwab plans to expand the workforce at its newly opened India-based global capability centre to about 2,000 employees by the end of 2027, according to a state government statement. The centre in the southern city of Hyderabad, inaugurated on Wednesday, will provide technology development, engineering and operational support for the firm’s U.S. businesses.…
Charles Schwab, a U.S. financial services firm, intends to triple the size of its workforce at the newly established global capability centre in Hyderabad, India, by the end of 2027, according to a state government announcement. This Hyderabad-based centre will be responsible for technology development, engineering, and operational support for Charles Schwab's U.S. operations, as reported by the government statement.
The company plans to transfer some technology tasks from their current contractor-based setup in India to this centre, as indicated by the government statement. India has become the world's largest global capability centre hub, with over 2,100 centers employing around 2.36 million people and generating nearly $100 billion in revenue, as reported in a 2026 Nasscom-Zinnov study.
Financial giants like JPMorgan Chase, Wells Fargo, Barclays, and American Express make up a quarter of the country's overall global capability centre workforce. Telangana currently houses more than 475 global capability centers and anticipates adding another 100 within the next year, stated Telangana's Information Technology Minister Sridhar Babu to Reuters on Wednesday.
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