India, March 6 -- Charles Schwab Services India Pvt Ltd has leased around 3.45 lakh sq ft of office space in Hyderabad at a monthly rent of Rs.3.73 crore, according to documents accessed by Propstack.

In December, Charles Schwab announced the establishment of a new legal entity, Charles Schwab Services India Private Limited (Schwab India), which will launch with a capability centre in Hyderabad.1

The office space is located in Phoenix Equinox Tower 2 in the IT hub of Gachibowli. The documents showed the property is owned by Phoenix IT City Private Limited.

According to the document, the company is engaged in the business of establishing, operating and maintaining global capability centres in India to provide IT support services, busine...