Goldman Sachs to set up shop in Hyderabad

The key criteria for the new location includes availability of commercial real estate and housing for staff.  

Published: 02nd October 2020 08:48 AM  |   Last Updated: 02nd October 2020 08:48 AM   |  A+A-

Goldman Sachs

Goldman Sachs (Photo | PTI)

By Express News Service

HYDERABAD: Investment banking company Goldman Sachs has decided to venture into Hyderabad. Representatives of the firm interacted with IT and Industries Minister KT Rama Rao over video-conference on Thursday, elaborating upon their plans to set up shop in the city. Responding positively, KTR said the State government will support the firm in its future ventures. “The new Hyderabad office will be the second location of Goldman Sachs Services in India. It will complement the Bengaluru office in terms of both execution and support,” the company stated in a release. 

The new office is expected to commence operations in the second half of 2021, with about 500 employees. It would leverage the expertise of the existing leadership from the Bengaluru office, while investing in a strong pool of competitive, world-class local talent. The key criteria for the new location includes availability of commercial real estate and housing for staff.  

Diverse talent pool, quality infrastructure in the city, and support and commitment from the local government are the other factors behind choosing Hyderabad for its new office. The press release stated that Goldman Sachs identified Hyderabad as a new location for its global shared services footprint in India. “This was a part of the firm’s strategy to diversify its geographic presence and enhance talent reach, to support the growing global businesses and enhance long-term competitiveness,” the release said.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp