Telangana Chief Minister A. Revanth Reddy, along with Industries and IT minister D. Sridhar Babu, has finalized a capacity expansion deal with Arcesium. Arcesium is a major provider of technology and service solutions for asset managers.
The expansion will increase the workforce and improve facilities at Arcesium’s Hyderabad office. This move is expected to create more jobs in the area and strengthen Hyderabad’s position as a top spot for global tech companies.
The Telangana team held in-depth discussions with a high-level delegation led by Gaurav Suri, CEO of Arcesium, late on Monday.
Arcesium, backed by DE Shaw group and Blackstone Alternative Asset Management (BAAM), offers advanced data, operations, and analytics platforms used by financial institutions such as hedge funds, banks, and private equity firms.
Gaurav Suri, CEO of Arcesium, expressed excitement about the expansion. He praised Hyderabad’s rich talent pool and strong infrastructure, stating that these factors make it an ideal location for their international operations.
Chief Minister Revanth Reddy also expressed his support for the expansion. He emphasized the state government’s dedication to growing the IT sector and noted that Arcesium’s expansion will boost Hyderabad’s reputation as a technology and innovation hub.
The Chief Minister assured full support to Arcesium in achieving its strategic goals.
