 "Cognizant reveals plans for a major tech hub in GIFT City, promising 2,000 jobs and boosting India’s financial technology landscape.")
Cognizant, a leading global technology firm, is set to open a new techfin centre in Gujarat International Finance Tec-City (GIFT City) in February 2025. This strategic hub will initially support 500 associates, with plans to increase its workforce to 2,000 within three years. The centre will focus on delivering advanced technology solutions for clients in the banking, financial services, and insurance (BFSI) sectors. With GIFT City’s cutting-edge infrastructure and business-friendly policies, Cognizant aims to enhance its delivery capabilities, create local job opportunities, and drive innovation in the region. This move highlights Gujarat’s potential as a global hub for finance and technology, marking a significant step in India’s economic growth.
Global technology firm Cognizant has announced the establishment of a new ‘techfin centre’ at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. The facility is set to open in February 2025 and will play a vital role in providing advanced technology solutions specifically tailored for 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 Chief Minister Bhupendra Patel highlighted that this initiative showcases the state’s ability to attract top-tier companies and foster an environment ripe for innovation and growth.
Cognizant’s new location is designed to help BFSI clients streamline their digital transformation processes, improve customer experiences, ensure compliance with regulations, and adapt to industry changes. The company is already a trusted partner for many leading institutions, serving 17 of the top 20 North American financial firms and 9 of the top 10 European banks.
Jatin Dalal, Cognizant’s Global CFO, emphasized the company’s commitment to collaborating with the Government of Gujarat to promote sustainable growth and create valuable opportunities for local talent. With a workforce of over 336,000 globally, approximately 70% of Cognizant’s employees are based in India, delivering services to clients across various industries.
Cognizant’s footprint spans regions from North America to Europe and the Middle East, with a strong presence in several major Indian cities, including Bengaluru, Chennai, and Mumbai.
This initiative marks another step in Cognizant’s ongoing strategy to bolster its delivery capabilities in India while positively impacting the local economy.
Tags: Cognizant, Techfin Centre, GIFT City, Gujarat, BFSI, Technology Solutions, Global Technology Firm, Digital Transformation, Local Talent, Economic Growth.
What is Cognizant’s plan for GIFT City?
Cognizant plans to open a technology and finance center at GIFT City in 2025.
Why is Cognizant choosing GIFT City?
GIFT City is a growing financial and technological hub in India, making it an ideal location for their new center.
What will happen at the techfin center?
The center will focus on combining technology and finance to create innovative solutions for clients.
How many jobs will this center create?
Cognizant expects to create several job opportunities, although the exact number has not been announced yet.
When will the techfin center be operational?
The center is expected to start operations in 2025, but further details will be shared closer to that date.
