Fidelity International, a leading global investment and retirement savings business, today announced that it has doubled its office space in Bengaluru to 50,000 square feet from its earlier 25,000 square feet.
In July 2023, Fidelity International had announced that it was expanding its presence in India with the opening of its first office in Bengaluru that complemented its presence in Gurugram and Mumbai. This expansion was in line with the company’s location strategy that aims to bolster its strategic presence in the country and provides access to a new pool of skilled talent to support the evolving needs of its business and clients. The company had started welcoming new hires in Bengaluru in July 2023 and over the past year and a half, has thoughtfully built its local presence.
Located in Manyata Tech Park, the office’s initial capacity was 25,000 square feet and was planned to expand to 50,000 square feet, to seat 700 to 800 people in a dynamic (hybrid) working set up, in line with the company’s dynamic working policy. Since establishing operations in Bengaluru, it has built specialised capabilities in the city including those across Cyber Security, Infrastructure Services and Asset Management Operations.
Upasna Nischal, India Site Head and Head of HR, Fidelity International said, “Our real estate expansion in Bengaluru is aligned with our long-term vision to strengthen our presence in India. The doubling of our office space in the region reflects the confidence in its potential. We are committed to nurturing capabilities here, developing local talent, and delivering value that will support our global operations and enhance the value we deliver to clients worldwide.”
Sunil Dhawan, Director – Corporate Property Services, Fidelity International added, “Our key considerations when choosing an office space were location, accessibility and the in-office and in-campus experience for our people. The workspace matches our global standards. It is welcoming, brings together design that is modern, yet integrates local cultural elements and materials, and evokes a sense of hospitality for our people. It’s a true plug-and-play office, with best-in-class phygital infrastructure, planned for a hybrid working set-up that supports the demands of our business in a sustainable way.”
About Fidelity International
Fidelity International offers investment solutions and services and retirement expertise to more than 2.8 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $925.7 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers, and wealth managers, to private individuals.
Our Global Platform Solutions business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $645.4 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Data as of 30 September 2024. Read more at fidelityinternational.com.
