Fidelity International, an investment and financial services firm, has announced its expansion in India with a new office in Bengaluru. The new location is set to begin operations in July, accommodating nearly 800 team members in a hybrid work arrangement, which is the current policy across the organisation.
With existing offices in Delhi-NCR (Gurugram) and Mumbai, the financial services firm strengthens their strategic presence in the country through a new office in South India. This move allows them to tap into a diverse pool of skilled talent, catering to the evolving needs of their businesses and clients.
Currently, the company is actively recruiting and onboarding new talent. By establishing a stronger India presence by the end of 2024, they aim to gain recognition for their skills and capabilities across various business functions. Additionally, the company is in the process of internal hiring to lead the Bengaluru office, ensuring the integration of their work culture and continuity in the new location
Rohit Jetly, Head of Shared Services, Country Head - India of Fidelity International, said: “We have had a presence in India for over 20 years, and from small beginnings, we now employ more than 4,500 people here. The new office in Bengaluru reinforces the company’s belief in its strategic presence in the country and the talent we have here. We will thoughtfully build our presence in Bengaluru over the months and expect to find some amazing talent here, that together with our Gurugram and Mumbai offices, will be crucial for our future skills roadmap. India continues to play a valuable role for us to be able to build a sustainable, efficient and customer-centric business, and the business that we want to build for the future, keeping trust and integrity as our bedrock for everything we do.”
The organisation believes that India holds a pivotal role in their global operations. It is vital to all business functions and hosts a diverse range of capabilities, including technology that directly or indirectly impacts clients, operations, research support, client servicing, cyber security, and shared services across general counsel, finance, and human resources. Moreover, the country offers cutting-edge tech capabilities, encompassing digital, data, and artificial intelligence, which enable the company to stay ahead and maintain continuous relevance to clients.
Upasna Nischal, HR Head - India, Fidelity International, acknowledged the announcement stating, “The new Bengaluru office will provide talent with the same opportunities, culture, and workplace ethos anywhere across Fidelity International and globally. We have a unique cultural core that isn’t like any other; one that people love and revere, and rate highly on external platforms; we call it ‘Feel Fidelity’. Almost every one of our employees will have their own inspiring ‘Feel Fidelity’ story and I’m excited that through our extended presence in India, we will not only be able to engage with a wider talent pool but will also be able to bring this unique culture to Bengaluru.”