Ahmedabad: Gujarat chief minister Bhupendra Patel on Saturday inaugurated the new delivery centre of IT solutions and services provider, Hexaware Technologies, at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. The centre will cater to Hexaware’s global banking, financial services and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering and next-generation software services.
The company said it plans to create around 1,000 high-skilled jobs over the next three years at the new centre. The roles will span software engineering, AI, cloud, data analytics, digital transformation, business operations and customer experience services.
Hexaware said its existing operations in Ahmedabad and Gujarat laid the foundation for the investment in GIFT City, which is being positioned as a technology and innovation hub for global financial institutions.
“GIFT City represents a unique convergence of financial services, technology and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s talent ecosystem,” said R Srikrishna, CEO and executive director, Hexaware.
Vikash Kumar Jain, chief financial officer of Hexaware, said GIFT City’s financial services ecosystem, talent pool and policy framework were key factors behind the company’s decision to expand in Gujarat. “We are starting with a modest number of close to 250 employees. But our ambition is to scale up to 1,000 employees in the next three years. Then we will continue to add. So we are not scaling down on our ambitions,” he added.
Jain said India has only recently emerged as a strategic focus area for the company, which has traditionally derived the bulk of its business from overseas markets. “Nearly 70% of our business comes from the US, around 20% from Europe and the UK, and about 6% from Asia-Pacific and the Middle East,” he said, adding that India currently contributes nearly 2% to Hexaware’s global revenue.
He said the company chose GIFT City to expand its financial operations due to its strong cross-border business ecosystem. “This is our first such set-up from an IFSC perspective in India, and we see GIFT City as the right platform to scale these operations,” Jain added.
