Global investment banking major, Goldman Sachs has begun the process of hiring over 5,000 people at the mid-level across the firm in India. It will be for technology professionals, back-office and middle-office and will mostly be for positions in Bengaluru. Jeffrey W Schroeder, Chief Administrative Officer of Goldman Sachs, had said in 2014 that the Bengaluru facility will be the second biggest for the group after New York where it has over 12,000 people.
According to the New Indian Express, "The hiring that is on right now will be completed by 2018, sources said."
The company had also announced earlier that it would invest Rs 1,200 crore on a new campus in Bengaluru. With a capacity to house about 9,000 employees, the campus which is coming up on a 21-acre plot is expected to be ready by 2018.
According to information available, Goldman Sachs is said to have then agreed to a lease rental of around Rs 60 crore a year for one million sq ft.
The Goldman Sachs Group currently employs over 10,000 professionals across offices in Bengaluru.
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