StoneX Strengthens Footprint in India with Expansion Initiatives
StoneX Expands Presence in India
StoneX Group Inc., a noteworthy player in the global financial services sector, is taking significant steps to broaden its operations in India. Recently, the company announced the opening of new offices in Pune and Bengaluru, significantly increasing its operational capacity. With a combined seating capacity of 800, this expansion is part of StoneX's strategic plan to capitalize on India's abundant talent pool.
Growth Journey Since 2019
Since launching its Global Capability Centre in India back in 2019, StoneX has experienced impressive growth. Today, the firm boasts over 550 employees in the region, a substantial contribution to its overall global workforce of more than 4,300 staff members. This growth reflects StoneX's commitment to utilizing local expertise and resources to enhance its service delivery worldwide.
The Significance of India's Technological Landscape
Greg Kallinikos, the APAC CEO of StoneX, emphasized the strategic importance of India in the company’s technological development. He stated, "India has consistently been at the forefront of technological innovation, making it an ideal location for enhancing our technology and support operations." This sentiment highlights how India's ever-evolving tech ecosystem plays a crucial role in StoneX’s expansion plans.
Commitment to the Local Market
Abbey Perkins, the Chief Information Officer of StoneX, reinforced the firm's dedication to the Indian market. Perkins noted, "We are committed to growth and are actively hiring. Our focus on this market is unwavering." This commitment not only signifies StoneX's investment in India but also reflects the belief in the potential of the local workforce.
A Vision for Future Expansion
Manu Dhir, the General Manager of StoneX India, articulated the firm’s journey and its ambitious future goals. He shared, "We began in India with a single technology team, and we have evolved into a comprehensive Global Capability Centre. Our workforce is growing rapidly, increasing by almost 40% year-on-year, presenting considerable opportunities for careers and leadership." This illustrates a clear timeline of growth and future aspirations that StoneX aims to achieve.
New Office in GIFT City
Not only does the company aim to consolidate its capabilities in urban centers, but it has also made strides by establishing a presence in GIFT City (Gujarat International Finance Tec-City). This office is vital for the trading of precious metals. Notably, StoneX commenced its operations in June 2024 and has earned recognition as the first international entity to participate as a trading and self-clearing member of the IIBX (India International Bullion Exchange).
About StoneX Group Inc.
StoneX Group Inc. stands out as a Fortune 100 company headquartered in New York City and is publicly listed on the Nasdaq Global Select Market under the ticker SNEX. Through its various subsidiaries, StoneX operates a global financial services network, interconnected with an impressive client base of over 54,000 commercial and institutional actors, alongside more than 400,000 retail accounts. Their workforce, exceeding 4,300 employees, spans across more than 80 offices worldwide, enhancing its ability to deliver promising trading opportunities and market risk management solutions.
Contact Information
For inquiries or more detailed information, you can reach out to:
Manu Dhir, General Manager, SNEX Technology Services Private Limited
Email: Manu.dhir@stonex.com
Website: www.stonex.com
Ticker: NASDAQ: SNEX
Frequently Asked Questions
What are the recent developments announced by StoneX?
StoneX announced the opening of new offices in Pune and Bengaluru, increasing its operational capacities to enhance productivity and service delivery.
How many employees does StoneX have in India?
StoneX currently employs over 550 individuals in India, contributing significantly to the company's global workforce.
What is StoneX's objective in India?
StoneX aims to leverage India's vast talent pool and technological resources to foster growth within its operations.
What is the significance of GIFT City for StoneX?
GIFT City serves as a new operational base for StoneX to facilitate trading in precious metals, expanding its business portfolio in India.
How can I contact StoneX for further information?
You can contact Manu Dhir via email at Manu.dhir@stonex.com or visit their official website at stonex.com for more details.
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