Cognizant is set to establish a tech-fin centre in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, by February 2025. This strategic hub will cater to clients in the banking, financial services, and insurance sectors, starting with 500 associates and growing to 2,000. The initiative highlights Gujarat's appeal for global companies and aims to drive sustainable growth while creating local job opportunities. Cognizant's presence in India, with over 70% of its workforce based there, reinforces its commitment to innovation and community enhancement through its various initiatives.
Cognizant, a global leader in technology and professional services, has announced its plans to establish a cutting-edge tech-fin centre in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This initiative reinforces the company's commitment to delivering innovative solutions from India to the world while creating new opportunities for local talent.
The new facility, set to open by February 2025, will function as a strategic hub for providing advanced technology solutions to clients in the banking, financial services, and insurance (BFSI) sectors. Initially, the centre will accommodate 500 associates, with plans to expand to 2,000 employees over the next three years.
Gujarat's Chief Minister, Shri Bhupendra Patel, remarked, GIFT City has become a preferred destination for global companies looking to establish and strengthen their presence in India. Cognizant's new centre in GIFT City reflects Gujarat's ability to attract world-class enterprises and provide a robust environment for innovation and growth. GIFT City's state-of-the-art infrastructure, business-friendly policies, and strategic location are key drivers in shaping it into a global financial and technology hub. We remain committed to further strengthening this ecosystem, ensuring that GIFT City continues to play a pivotal role in India's economic growth and technological advancement'.
Cognizant assists BFSI clients in accelerating digital transformation, improving customer experiences, ensuring regulatory compliance, and adapting to change. The company is a trusted partner to many of the world's leading BFSI institutions, including 17 of the top 20 North American financial institutions, 9 of the top 10 European banks, 3 of the top 4 banks in Australia, 7 of the top 10 global insurers, 9 of the top 10 US life carriers, 8 of the top 10 US property and casualty carriers, and 7 of the top 10 UK insurers.
"We are thrilled to bring our extensive industry expertise, entrepreneurial spirit, and innovative culture to GIFT City," stated Jatin Dalal, Global Chief Financial Officer of Cognizant "This new centre underscores our unwavering commitment to partnering with the Government of Gujarat and help drive sustainable growth. It will not only enhance our delivery capabilities across India but also create significant opportunities for local talent, making a lasting and positive impact on the region."
With a global workforce of 336,300, India serves as the heart of Cognizant, with over 70% of associates based in the country. Cognizant is dedicated to consistently upskilling talent in advanced technologies such as AI, machine learning, IoT, analytics, and automation, preparing the workforce for today's roles while pioneering the innovations of tomorrow. Through its Foundation and employee-volunteering initiative, Cognizant Outreach, the company aims to serve the communities in which it operates, enhancing everyday lives.
Cognizant's talent in India currently serves global clients across various sectors, including banking, financial services and insurance, communication media, life sciences, manufacturing, logistics, energy and utilities, retail and consumer goods, and travel and hospitality.
Headquartered in the U.S., Cognizant has a substantial presence in India, with offices located in major cities such as Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune.
In conclusion, Cognizant's new centre signifies a strong investment in India's technological landscape and local talent development.
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