Hyderabad, Oct 5: Goldman Sachs on Thursday announced the opening of its new state-of-the-art office in Hyderabad, Opel.
The office will be a center of excellence for the firm’s client onboarding efforts and will house platform engineering and global Enterprise Partnerships, the company said in a release here..
Addressing after inaugurating the new office, Telangana Minister for IT and Industries
K. T. Rama Rao (KTR) said: “the inauguration of Goldman Sachs’ new long-term office in Hyderabad after they first established presence here in 2021, would reflect Telangana’s holistic initiatives to engage, collaborate and drive multinational firms to set up in Hyderabad. This will contribute to our existing vibrant ecosystem of global companies and startups here and create global opportunities for the local talent”.
“I also commend Goldman Sachs’ commitment to uplift the local community through their initiatives encompassing digital literacy, women entrepreneurship, and local vendor engagements,” he added.
Richard Gnodde, chief executive officer of Goldman Sachs International, while sharing on the occasion, said “Our 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.”
Gunjan Samtani, country head of Goldman Sachs Services India and global chief operating officer of Engineering at Goldman Sachs, said: “This new Hyderabad office exemplifies our priorities of collaboration, innovation, sustainability and cutting-edge technology, and our commitment to enable our people to innovate locally and collaborate globally”.
The firm’s Hyderabad operations commenced in March 2021 with functions across engineering, finance, human capital management and consumer business services, as well as opportunities across emerging technologies such as cloud computing, artificial intelligence, and machine learning.
The office comprises new hires and internal transfers from Bengaluru to ensure efficient knowledge transfer, culture orientation and to implement the firm’s talent seeding strategy. Currently, there are over 1,500 professionals in Hyderabad of which over 75 percent are new hires.
The 3.51 lakh square feet nine-story tower, the new office has capacity to accommodate approximately 2,500 professionals.
Collectively with the Bengaluru office, today India has the largest presence of Goldman Sachs globally outside its New York headquarters.
Telangana Principal Secretary (IT) Jayesh Ranjan, Kevin Sneader, president of Asia Pacific Ex-Japan at Goldman Sachs, Sonjoy Chatterjee, chairman and chief executive officer of Goldman Sachs in India and Ravi Krishnan, chief administrative officer of Goldman Sachs Services India, were also present on the occasion.
