2 weeks ago
Charles Schwab Expands Hyderabad Centre to 2,000 Employees
Charles Schwab is a financial services company from the United States.
It has opened a new technology centre called Schwab India in Hyderabad.
The centre will help Charles Schwab’s US businesses with technology, engineering and operations.
The company wants about 2,000 people to work there by the end of 2027.
Some work currently done by contractors in India will be handled by Schwab’s own employees.
Hyderabad is already a major location for financial technology and global capability centres.
Telangana officials said the city has capabilities across many parts of financial markets.
The expansion shows that Charles Schwab is increasing its technology and operations work in India.
Charles Schwab opened a 3.45 lakh square foot technology capability centre in Hyderabad on Wednesday.
The company plans to increase the centre’s workforce to about 2,000 employees by the end of 2027.
Schwab India will provide technology development, engineering and operational support for Charles Schwab’s US businesses.
Some technology capabilities currently supported by contractors in India will be brought into Schwab’s Hyderabad operations.
India has more than 2,100 global capability centres, while Telangana hosts more than 475, according to the reports.
- Who
- Charles Schwab, its Schwab India workforce and Telangana government officials.
- What
- Charles Schwab opened a Hyderabad technology capability centre and plans to expand its workforce there to about 2,000 employees by the end of 2027.
- Where
- Hyderabad, Telangana, India.
- When
- The centre opened on Wednesday; the workforce target is for the end of 2027.
- Why
- To support Charles Schwab’s US businesses with technology, engineering and operations, while bringing some contractor-supported technology work in India in-house.
Key facts
- Company
- Charles Schwab
- Centre name
- Schwab India
- Facility size
- 3.45 lakh square feet
- Location
- Hyderabad, Telangana, India
- Workforce target
- About 2,000 employees by the end of 2027
- Primary functions
- Technology development, engineering and operational support
- Global capability centre landscape
- India has more than 2,100 centres employing about 2.36 million people and generating nearly $100 billion in revenue, according to a 2026 Nasscom-Zinnov report.
Quotes
D Sridhar Babu
Telangana IT Minister
“"Our ambition is to build Hyderabad as a Global Capital Markets and WealthTech Hub, where global financial institutions, technology companies, fintechs, academia and subject matter experts come together to build the next generation of global finance."”
thehansindia.com
“"Hyderabad is home to nine of the world’s top 10 brokerage and trading institutions."”
thehansindia.com
Sources
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