India

IT Minister KT Rama Rao inaugurated a new state-of-the-art office of Goldman Sachs in Hyderabad, India on Thursday. The office will serve as a Centre of Excellence for the firm’s client onboarding efforts, platform engineering, and global enterprise partnerships.

Goldman Sachs began operations in Hyderabad in March 2021 with a focus on engineering, finance, human capital management, consumer business services, cloud computing, artificial intelligence, and machine learning. The new office, located in Salarpuria Sattva Knowledge City, has a capacity of 2,500 professionals.

Minister Rao said that the opening of the new office reflects Telangana’s commitment to attracting and supporting multinational firms. “This will contribute to our existing vibrant ecosystem of global companies and startups here and create global opportunities for the local talent,” he said.

Goldman Sachs International CEO Richard Gnodde said that the company’s growth story in India is compelling and enabled by the country’s extraordinary talent. Over the last two decades, Bengaluru and Hyderabad have become integral to the firm’s global activities. Our new Hyderabad office is a testament to the firm’s continued commitment to Indian talent, which is world-class.

Goldman Sachs Services India Country Head Gunjan Samtani said that in just two years, the company’s teams in Hyderabad have established deep competencies driving enhanced client experience and revenue enablement.

The new office is designed to be sustainable and eco-friendly. This year, an additional 40 electric vehicles will be added to the existing fleet of 190 vehicles in the Hyderabad employee commutation programme, with onsite electric charging infrastructure. Separately, about 70 percent of products procured for the office interiors were sourced from local vendors.

Collectively with the Bengaluru office, India has the largest presence of Goldman Sachs globally outside its New York headquarters.

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