A Global In-House Centre, or GIC, is a captive unit that provides support services to its own group companies in the financial services sector from inside GIFT City.
What it is, in simple words
It is not a client-facing financial business. A GIC exists to serve the group that owns it — operations, technology, risk, analytics, finance and middle-office work delivered to overseas group entities.
Who typically sets one up
- Global banks, insurers and asset managers building or relocating captive capability
- Groups consolidating scattered offshore support teams into one hub
- Financial technology groups centralising engineering and data work
What a GIC can do
Support services to group entities that are regulated in their home jurisdictions — typically technology development, operations and settlements support, risk and compliance analytics, actuarial work, reporting and finance processes.
Why groups choose GIFT City
- Deep Indian talent pool in finance, technology and analytics
- A concessional tax framework and SEZ operating benefits
- A single regulator with a defined framework for captives
- Time-zone overlap with both Asian and European markets
Broad requirements at a glance
- A company, LLP or branch registered as a unit in the GIFT SEZ
- Registration with IFSCA under the IFSCA (Global In-House Centres) Regulations, 2020
- Services provided only to permitted group entities in the financial services sector
- Real office space, staffing and ongoing reporting
Questions people usually ask
Can a GIC serve third-party clients? No. It is a captive model for group entities.
Does the parent need to be regulated? The group entities served are expected to be in the financial services sector, generally regulated in their own jurisdictions.
Is this the same as a normal GCC in Bengaluru? The work can look similar, but the IFSC framework, currency and tax position are different.
Where to go next
Use our eligibility and fit check, read the detailed GIC entity guide, or see registered centres in the entity directory.
