Goldman Sachs is planning to increase India engineering headcount in Bengaluru, as the multinational investment bank looks to make the country a major hub for clients globally.
Goldman, which set up offices here in 2004 with about 290 employees, now has more than 5,000 people.
“We have grown by 24% year-on-year, and increased our campus hiring by 20% in the last five years. Lateral hiring has increased by 30%…,” said Gunjan Samtani, head of Goldman Sachs Services India. “Our hiring trajectory is more aligned with the (business) growth.”
The company has invested $250 million to develop a new 10.5-acre hub, its third largest in the world. The company’s headcount includes 2,500 engineers and it is expected to add more at the 7,300-seater Bengaluru innovation hub. Goldman Sachs is also consolidating all employees from various locations in the city to its sprawling 1.2 million-square-foot hub.
Source: The Economic Times
