Chief Minister A.Revanth Reddy and officials during a meeting with a senior leadership team of global investment firm Vanguard in Hyderabad on Monday.
| Photo Credit: Special Arrangement
Investment management firm Vanguard has chosen Hyderabad to establish its first global capability centre (GCC) in India.
The firm will open its Hyderabad office later this year and over the next four years employ 2,300 people, Chief Minister A.Revanth Reddy’s office said after a senior leadership team of Vanguard met him here on Monday. The company’s decision to set up its GCC in Hyderabad came in the backdrop of the fruitful discussion with the Chief Minister, the CMO said.
Immediately hire
During the discussions, Vanguard said it would immediately look to hire engineers with a special focus on Artificial Intelligence, Data and Analytics and Mobile Engineering at its Hyderabad facility.
Welcoming Vanguard to join the “irresistible and unstoppable Hyderabad”, Mr.Revanth Reddy said his government, as part of the Telangana Rising vision, is shaping Hyderabad into a GCC hub across domains. Vanguard’s endorsement will further strengthen our global positioning.”
The Hyderabad office will be an integral part of the global firm and is set to emerge as an innovation hub supporting its IT mission and goals. It will drive Vanguard’s AI strategy, unlock potential of the firm’s data and analytics besides supporting its mobile-first initiatives.
Obvious choice
CEO Salim Ramji, who led the delegation, said, “Hyderabad was a great, obvious choice for us because of its diverse talent pool, quality of living, an ecosystem of tech expertise and innovation mindset and the friendly policies of Telangana government.”
CIO and MD of IT division Nitin Tandon, CHRO John Couture and Principal, Head of GCC—Vanguard India Venkatesh Natarajan were part of the delegation that met the Chief Minister. Chief Secretary A.Santhi Kumari and senior officials were present.
Vanguard manages global assets worth around $10 trillion and serves more than 50 million investors.
Published – April 01, 2025 11:19 am is
