Hyderabad is set to welcome a major global player as US-based investment management firm Vanguard has announced plans to establish a Global Capability Centre (GCC) in the city. This move aligns with the company’s global expansion strategy and marks a significant milestone in its operations.
Vanguard, which manages assets worth approximately $10 trillion and serves over 50 million investors worldwide, will officially inaugurate its Hyderabad office later this year. Over the next four years, the company aims to recruit 2,300 employees to strengthen its operations in India.
Focus on Hiring Tech Talent
The firm has outlined its immediate hiring priorities, emphasizing the recruitment of engineers with expertise in artificial intelligence (AI), data analytics, and mobile engineering. The Hyderabad office is expected to serve as a hub for innovation, supporting Vanguard’s IT objectives and advancing its AI and data analytics strategies.
A high-level delegation from Vanguard, led by CEO Salim Ramji, recently met with Telangana Chief Minister A Revanth Reddy and other senior officials to finalize the decision. This investment further cements Hyderabad’s position as a preferred destination for multinational corporations seeking a skilled talent pool and a business-friendly ecosystem.
Strengthening Technological Capabilities
Vanguard’s decision to establish a direct presence in India follows a decade-long partnership with third-party service providers in the country. By setting up its own facility, the company aims to enhance its technological workforce and accelerate innovation in areas such as AI-driven investment solutions and mobile-first initiatives.
According to a statement from the Telangana government, Vanguard’s Hyderabad office will play a pivotal role in the company’s global IT strategy. The centre will focus on unlocking the potential of data and analytics while driving next-generation technological advancements to support its financial services operations.
Hyderabad’s Growing Reputation as a Tech Hub
The announcement underscores Hyderabad’s increasing appeal to global financial and technology firms. The city’s robust infrastructure, availability of skilled professionals, and supportive government policies continue to attract large-scale investments from international corporations.
Vanguard’s entry into the Indian market is expected to create substantial employment opportunities and contribute to the state’s growing reputation as a global technology and innovation hub.
Stay tuned for more updates on Vanguard’s expansion and its impact on Hyderabad’s job market and technological landscape.