Business financial platform Tide has announced a hiring spree of more than 600 tech professionals by the end of 2026. This drive, which constitutes nearly 60% of the company’s total hiring, stems from Tide’s expansion strategy to boost the UK company’s local presence in India, its first international market.
This move comes after Tide announced its plans in early 2021 to create more than 1,000 jobs in India over the next five years. Due to the prevalent talent crunch across the globe, Tide is planning to create new hiring streams through an ‘Internship to Hire’ programme to attract and nurture top-quality talent. With this programme, Tide will leverage the programme to recruit entry-level candidates and then gradually increase the count of hirings with the successful completion of the programme.
Gurjodhpal Singh, CEO, Tide (India) said “We have seen a tremendous response from the India market within a short span of starting operations in the country. The additional technological capabilities will help us build our product for India as we expand our roots deeper into the country and invest in the technology leaders of tomorrow.”
Tide’s aggressive hiring spree can be attributed to its ambition of serving the 64-million and growing Indian SME sector. Earlier this year, when the second wave of the COVID-19 pandemic hit SMEs hard, digital banking platforms emerged as critical solutions to increase efficiency, saving time and money for people running businesses.
Commenting on this Neeraj Agrawal, VP Engineering-Hyderabad Technology Centre, Tide (India) stated, “Tide’s global development centre in Hyderabad has a global mandate, although it currently serves the UK and India markets, we plan to expand to multiple countries in future. Moreover, the GDC is integral to scaling our business in India.
He also added that the country has a huge pool of technological expertise available locally and he is confident that the team that they are building will help the company tune their offering better for Indian SMEs and deliver superior support to them once established in India.