Hyderabad: Goldman Sachs, a global investment banking, securities, and investment management firm, recently inaugurated its expansive 3.51 lakh square feet office in Hyderabad. This nine-story facility is designed to accommodate approximately 2,500 employees and will serve as a hub for the firm’s client onboarding efforts. Additionally, it will house platform engineering and global enterprise partnerships. The inauguration was officiated by Industries and IT Minister K.T. Rama Rao in the presence of senior leadership members.
The firm’s operations in Hyderabad commenced in March 2021, encompassing functions in engineering, finance, human capital management, consumer business services, and opportunities in emerging technologies like cloud computing, artificial intelligence, and machine learning. Currently, there are over 1,500 professionals in Hyderabad, with over 75% being new hires, some of whom transferred from the Bengaluru office.
When combined with the Bengaluru office, India now hosts the largest presence of Goldman Sachs professionals globally, totaling 9,000 individuals outside of its New York headquarters.
Richard Gnodde, CEO of Goldman Sachs International, emphasized the firm’s compelling growth story in India, crediting the country’s exceptional talent. He highlighted how Bengaluru and Hyderabad have become integral to the firm’s global operations. The new Hyderabad office underscores the firm’s enduring commitment to India’s world-class talent.
Minister K.T. Rama Rao emphasized that the new long-term office aligns with Telangana’s comprehensive efforts to engage and collaborate with multinational companies, encouraging them to establish a presence in Hyderabad. He anticipates that this will further enrich the already vibrant ecosystem of global companies and startups in the region, creating global opportunities for local talent.
Gunjan Samtani, Country Head of Goldman Sachs Services India and Global COO-Engineering at Goldman Sachs, emphasized the substantial progress made by their teams in Hyderabad over just two years. They have developed extensive competencies that have led to an enhanced client experience and revenue enablement for the firm. This includes significant advancements in engineering platforms and talent engagement processes.
