Hyderabad is a capital city of Telangana and Andhra Pradesh. It covers the area of 650 square kilometer along the banks of Musi River. The city also known with the name “City of Pearls” as it plays a big role in pearl trading. Until the 18th century, the city was the only global trading centre for Diamonds known as Golconda Diamonds.
The companies like Bharat Heavy Electricals Limited (BHEL), Nuclear Fuel Complex (NFC), National Mineral Development Corporation (NMDC), Bharat Electronics (BEL), Electronics Corporation of India Limited (ECIL), Defence Research and Development Organization (DRDO), Hindustan Aeronautics Limited (HAL), Centre for Cellular and Molecular Biology (CCMB), Centre for DNA Fingerprinting and Diagnostics (CDFD), State Bank of Hyderabad (SBH) and Andhra Bank (AB) were established in the city. Other sectors like information technology (IT), IT-enabled services (ITES), insurance and financial institutions has expanded the service sector in the city.
The city is ranked in 2018’s world fastest growing cities and as per the details the annual growth rate of city is 8.47 percent.