HYDERABAD: As global investment giant Vanguard gears up to open its largest global tech development centre at Hyderabad, its global CEO Salim Ramji is visiting Hyderabad. The tech development centre, which will be Vanguard’s first in India, is slated to open in the city later this year.
Ramji is heading a delegation of senior leaders from Vanguard that met Telangana chief minister A Revanth Reddy on Monday afternoon to discuss the investment firm’s plans for India and Hyderabad, in particular, sources said.
Vanguard plans to hire around 2,300 techies over the next three to four years for the tech development centre, Vanguard’s global chief information officer Nitin Tandon told TOI.
Currently, Vanguard has its presence in India through partners such as Deloitte, Cap Gemini, TCS and Infosys.
Tandon indicated that the company plans to begin hiring by mid-2025, starting with around a couple of hundred people by the end of 2025. The investment firm expects to ramp up its headcount at the facility to around 1,000 people by 2026 end, he said.
The facility will be helmed by Venkatesh Natarajan, principal and head of personal investor digital channels engineering at Vanguard.
The Hyderabad tech development centre will focus primarily on technologies such as AI/ML, Generative AI, cloud engineering, mobile engineering and cybersecurity, Natarajan said.
It was in December 2024 that Vanguard has first announced plans to open its first tech development centre in India at Hyderabad but had not divulged any further details then. One of the largest investment advisors globally, Vanguard has assets of over $10 trillion globally under management.
