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  3. Hexaware Technologies to Establish Tech-Fin Centre at Gujarat’s GIFT Ci…

Hexaware Technologies to Establish Tech-Fin Centre at Gujarat’s GIFT City with 500 Employees

2 Jan 2025

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Key Takeaways

Hexaware Technologies is setting up a Tech-fin centre in GIFT City with 500 employees and 2500 square meters of office space.

Hexaware Technologies is setting up a Tech-fin centre in GIFT City with 500 employees and 2500 square meters of office space.

Hexaware Technologies

Hexaware Technologies

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Expert Analysis

Hexaware Technologies to Establish Tech-Fin Centre at Gujarat’s GIFT City with 500 Employees.

Expert Analysis:

  • IFSCA Approval: The company which has 54 offices worldwide, applied for the International Financial Services Centres Authority (IFSCA) approval to set up a branch.

  • Office Space Allocation: Hexaware plans to occupy 2500 square meters of office space in GIFT City.

  • Global Workforce and Space: Hexaware, with 31,000+ employees, will offer IT consulting, design, and development services from GIFT City, seeking 4925 square meters of office space, with 94% of revenue from America and Europe.

  • TechFin Centre Developments: Several companies, including Cognizant Technology Solutions, are setting up TechFin centres in GIFT City, with Cognizant's centre expected to employ 2000 people.

  • TechFin Framework and Approvals: A framework for FinTech and TechFin entities at GIFT City was established through an April 27, 2022 circular, aiming to create a globally leading FinTech hub, with IFSCA approving similar centres for Infosys in September 2024.

Publisher:Communications Today