Equiniti Group plc (“Equiniti”), the multinational technology and payments specialist, has announced its creation of a specialist IT powerhouse in Bengaluru, India’s equivalent of Silicon Valley.
‘Electronic City’ where the digital hub will be located is home to many multinational IT companies, and will provide Equiniti with access to a large and sophisticated talent pool. The new venture will create around 350 jobs, the majority of which will be highly skilled roles in specialist business process outsourcing and IT development, testing and infrastructure.
Dominic McAllister, British deputy high commissioner of Bengaluru commented,
“This is an exciting expansion for Equiniti who have already established a strong presence in Southern India. The choice of Bengaluru for their new operation underlines the exceptional investment opportunities that exist in the tech capital of India. The UK invests more in India than any other G20 country, and this is a great example of investment in innovation and technology.”
Equiniti will harness local talent to provide key support to its growing US business, EQ by Equiniti, as well as further developing its proprietary technology platforms, which sit at the heart of the United Kingdom’s financial and capital markets. The 21,000 sq ft office (Equiniti India Pvt Ltd) boasts facilities like a rooftop cafeteria and its own gymnasium. Equiniti hopes these will prove a draw to Bengaluru’s rising technology stars.
The new location will complement Equiniti’s award-winning site in Chennai, which has grown rapidly from around 100 employees to circa 1,000 in just five years.
Kevin McCole, chief operating officer, UK India Business Council,
“The UK India Business Council would like to congratulate Equiniti on their impressive multi-year growth and we applaud our partners in the government of Karnataka for attracting this superb investment project, which has created high quality jobs in Bangalore.”
Guy Wakeley, chief executive officer of Equiniti commented,
“We’re absolutely delighted to be opening our new digital hub in Bengaluru which we see as a perfect fit for our specialist business. By tapping into Bengaluru’s enviable tech-talent, we expect to further enhance the excellent service we offer our clients, and move closer to our vision of being the leading global technology provider for complex and regulated data and payments.”
Sam Halford, managing director of Equiniti India commented,
“Since becoming the managing director of the Chennai site, it has been amazing to see our people and services grow. To now be opening another office in Bengaluru is an incredible step and will undoubtedly expose us to many more exciting opportunities.”