Goldman Sachs, in press release, stated that it will hire over 2000 employees by 2023 for its new office in India.
On Monday, the company disclosed the opening of its new office. The new office is a part of the commitment to expand its global Centre for engineering and business innovation in India, as cited in the press release from the company.
The press release further noted, “In adherence to local government guidelines, Hyderabad operations commenced remotely in March 2021 and currently have about 250 employees.”
The company looks forward to strengthen the Hyderabad office with almost 800 employees by the end of 2021. Among these 800 employees, 70 per cent are expected to be new hires.
“By 2023 the size of Hyderabad office could reach as many as 2,500 employees”, the press release added.
As per reports, the new facility was inaugurated by Telangana IT and Industries Minister KT Rama Rao.
David M Solomon, chairman and chief executive officer voiced that the new office will serve as a crucial innovation hub for a wide range of Goldman Sachs business and enhance its reputation as a global firm.
According to Mint, in 2004, the company initiated its first office in Bengaluru, which developed as the second largest technology hub in the world comprising nearly 7,000 professional.
The new Hyderabad office and Bengaluru office is likely to complement each other in execution and support offered to global business. Both the offices, will collectively establish the Goldman Sachs Services Pvt. Ltd entity in India.