As GCC thrives, Broadridge floats plan for India unit
Mumbai: Starting an India business is one of the company's top priorities, and it is carefully studying the market to devise a smart entry strategy for offering its capital markets and wealth management solutions to Indian players, said Tim Gokey, chief executive officer of Broadridge, a global fintech leader processing about $10 trillion in daily fixed income and equity trade volumes.
Currently, a third of the company's total global workforce of 15,000 is based in capability centres in Bengaluru and Hyderabad. Broadridge doesn't have an India business yet but only operates the two capability centres.
Gokey said while the India capability centres may have initially functioned as cost units, they have since evolved into a major hub of intellectual capital for the company.
«We conduct a substantial amount of our AI and blockchain work within its confines, with over half of our technology team based in India. We have great engineers who are making a significant difference in all of our products worldwide. Additionally, our operations teams here serve as the backbone for many of our businesses,» he said.
«From an India perspective, we are shifting our focus from just being a Global Capability Centre (GCC) to becoming a Transformation Centre,» said Sheenam Ohrie, CEO of Broadridge India.
Commenting on the India Stack, a set of APIs that have broadened access to financial services in India, Gokey said, «What India has accomplished is truly incredible. It serves as a real model for much of the world, offering
