IT services company Synechron has opened its delivery centers in Bangalore and Hyderabad, India. The company also plans to invest $30-35 million in India over the next three years to expand its presence.
The two new centers in southern India will focus on delivering domain intensive and differentiated technology capabilities to clients in the banking and financial services.
Synechron will have 225 employees in Bangalore and 150 employees in Hyderabad over the current fiscal year. This will contribute to the company’s total workforce of 5000+ professionals out of which 3800 are based in Pune.
Faisal Husain, co-founder and CEO, Synechron, said: “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 company has been growing at a CAGR rate of over 35 percent for the past six years to become a $200 million annualized revenue entity.