US-based Synechron to put in $35 million in India
New York-based IT services firm Synechron has set up two centres each in Bangalore and Hyderabad. The company from its barrio said that – it also plans to invest $30-35 million on India expansion, in excess of the next three years.
The two fresh centres in southern India will focus on delivering domain intensive and differentiated technology capabilities en route for clients in the banking and financial services, as stated by the company.
Synechron, which from its quarter already has a centre in Pune, plans to ramp up expansion to 225 employees in Bangalore and to 150 in Hyderabad over the current fiscal year. This will in turn contribute to the company’s total workforce of 5,000+ professionals out of which 3,800 are based in Pune.
“Our expansion drive is in line with our strategy to increase our delivery capabilities in India giving Synechron access to a larger and highly capable talent pool. The infusion of skills from these centres will enable us to develop solutions for our global and India customers and lend further cadence to our delivery credentials,” alleged Faisal Husain, co-Founder and CEO, Synechron.
The company has been growing at a CAGR rate of over 35 percent for the past six years to become a $200 million annualised revenue entity.
It makes available technology, consulting services braced with a micro verticalised focus in capital markets, followed by insurance, mortgage banking, energy and commodities, and digital media.
