Goldman Sachs (NYSE:GS), the international banking and investment powerhouse, has broadened its presence in India by inaugurating a new nine-storey office in Hyderabad on Thursday. The 3.51 lakh square feet facility will accommodate about 2,500 employees, focusing on client onboarding, platform engineering, and global enterprise partnerships.
The inauguration was attended by K.T.Rama Rao, Industries and IT Minister, Richard Gnodde, CEO of Goldman Sachs International, and Gunjan Samtani, country head of Goldman Sachs Services India and global COO -Engineering at Goldman Sachs. In his remarks, Samtani emphasized the team's achievements in enhancing client experience and revenue enablement through the redesign of engineering platforms.
Since the launch of its operations in Hyderabad in March 2021, the branch has grown to over 1,500 professionals. Alongside the Bengaluru office, India now hosts Goldman Sachs' largest operations outside New York. The company employs over 9,000 staff in India.
The new Hyderabad office is located in Madhapur IT district and is seen as a symbol of Telangana’s efforts to attract multinational firms and create global opportunities for local talent. Gnodde and Samtani underscored the significant role of Indian talent in the firm's growth trajectory and its advancements in technologies like cloud computing, AI, and machine learning. They also highlighted their strategy to innovate locally while collaborating globally.
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