No longer just a back office, Goldman Sachs' operations in Bengaluru, India has moved into a new $250-million campus, which will be its global innovation center.
U.S. investment bank and financial services company has opened the doors to one of its largest global workspaces in Bengaluru. Located on the outskirts of the city, Goldman Sachs' state-of-the-art campus has the capacity to house 9,000 back office staff in its 1.2 million square foot of office space spread across three towers.
Far from just being a low-cost support center, Goldman's Bengaluru operations has grown in size and technological sophistication to become an incubator of talent for its businesses around the world, and houses the second-largest number of engineers after New York headquarters.
«Our Bengaluru center has become one of the firm’s global centers of innovation focused on the development and application of artificial intelligence, machine learning and data analytics to help solve business problems for our worldwide network,» Gunjan Samtani, managing director and head of Goldman Sachs Services in India, said.
Growing Back Office
Goldman's back office functions in India have grown significantly in the past 15 years. The firm began its operations in Bengaluru in 2004, driven by lower manpower costs and timezone advantage. Back then, about 300 staff were employed in support roles across areas like information technology, accounting and finance.
it now employs about 5,000 people who work across 14 functions, including compliance, legal services and investment banking, making it the firm's third-largest office in the world by headcount.
