Hexaware Technologies Unlisted Shares
Hexaware Technologies to Establish Tech-Fin Centre at Gujarat’s GIFT City with 500 Employees
Communications Today
2 min read
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.
Hexaware Technologies is setting up a Tech-fin centre in GIFT City with 500 employees and 2500 square meters of office space.
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