Hyderabad: The American investment company Vanguard has announced that it will open a new office in Hyderabad. This new office will be called a Global Capability Centre (GCC) and is expected to open later this year.
Vanguard is one of the largest investment firms in the world, managing around $10 trillion in assets and serving 50 million investors. The company plans to hire about 2,300 to 2,500 people in India over the next four years.
This decision was made after a meeting between Vanguard’s CEO, Salim Ramji, and Telangana Chief Minister A Revanth Reddy, along with other government officials.
At first, Vanguard will focus on hiring engineers who specialize in artificial intelligence (AI), data analysis, and mobile technology for its Hyderabad centre.
Salim Ramji said that the company is excited to grow its team in India by bringing in skilled professionals in AI, mobile, and cloud technology. He added that Hyderabad was chosen because of its talented workforce, strong tech industry, and support from the state government.
The Telangana government said that Vanguard’s move to India is an important step in the company’s global development. The new office will help Vanguard work more closely with local talent and grow its tech team.
The Hyderabad centre will also serve as a hub for innovation. It will play a key role in driving Vanguard’s technology goals, such as using AI and improving its mobile services.
