Global investment bank Goldman Sachs has opened a new $250m office in the city of Bengalura as a significant part of its expansion plans for India.
Chairman and chief executive David M. Solomon said: “The Bengaluru office has grown in size and technological sophistication to become an incubator of talent for our businesses around the world.
“The significant investment we have made to build this state-of-the-art workplace reflects the importance placed on the high-quality work done in India and our focus on hiring the best people.”
Its Bengaluru operations started in 2004 growing to over 5,000 employees this year, making it Goldman Sachs’ third largest office in the world by headcount.
Gunjan Samtani, head of Goldman Sachs in Bengaluru, said: “Our Bengaluru office 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.”
Designed by Pei Cobb Freed & Partners, who also designed Goldman Sachs’ global headquarters at 200 West in New York, the new Bengaluru office has 1.2m square feet of building area housed within three 10 story towers connected at the ground level and a capacity for approximately 7,300 employees.
