Broadridge Plans Major Hiring Expansion in India to Leverage Growth Potential

Broadridge Financial Solutions, an American fintech giant, is set to significantly expand its workforce in India, targeting a 26% increase over the next three years. With plans to add over 1,400 new employees to its existing tech staff of 5,400, the firm aims to bolster its presence in one of the fastest-growing economic hubs globally. Most new recruits will be software engineers, according to Sheenam Ohrie, Broadridge’s Managing Director for India, who shared the plans in an interview with Reuters.

Recognizing India’s trajectory to becoming the third-largest economy by 2030, Ohrie emphasized the country’s strategic importance: “By 2030, India will be the third-largest economic power. So if that is the case, then you should be selling there.” This vision aligns with Broadridge’s broader strategy to capitalize on the burgeoning demand for financial technology and infrastructure in emerging markets.

Zero-Distance Approach to Global Capability Centers

Broadridge’s services underpin critical components of financial operations, including corporate governance, capital markets, and wealth management. With its technology facilitating over seven billion investor communications annually and supporting daily trades of $10 trillion in securities worldwide, the company’s impact is profound.

A major draw for Broadridge is the rising presence of multinational Global Capability Centers (GCCs) in India. These centers handle key activities like research and development, daily operations, and cybersecurity. “We have a lot of customers who have GCCs in India. Over 20 of our premium customers have global leaders driving decisions around our products sitting in India,” said Ohrie. This proximity to decision-makers is central to Broadridge’s “zero-distance approach,” which aims to deliver tailored solutions with local responsiveness while maintaining global standards.

With this strategic hiring spree, Broadridge seeks to harness India’s economic momentum, reinforcing its reputation as a global leader in financial technology while supporting innovation and growth in a rapidly evolving market.

Search for Blogs/Event/News