StoneX Group has announced the opening of its new offices in Pune and Bengaluru (India), featuring a collective capacity of 800 seats. This expansion marks a significant milestone in StoneX’s strategy to leverage India’s rich talent pool as it enhances its operational capabilities in the country.

Since establishing its Global Capability Centre in India in 2019, StoneX has witnessed impressive growth. The firm now employs over 550 staff locally, contributing to a global workforce of more than 4,300 employees. This growth trajectory underscores the company’s commitment to India as a strategic hub for its technology and support operations.

StoneX New Offices in India, Enhancing Global Capability Centre

Greg Kallinikos, APAC CEO of StoneX, highlighted the importance of India in the company’s expansion plans, stating, “India has consistently been at the forefront of technological innovation across various sectors, making it a natural choice for expanding our technology and support operations. The robust talent pool in the financial services sector has been another point of attraction in establishing our Global Capability Centres in Bangalore and Pune.”

Manu Dhir, General Manager of StoneX India, emphasized the evolution of the company’s presence in the region: “We started in India with one technology team for our Global Payments business and have now matured into a cross-functional Global Capability Centre. We have been growing rapidly in terms of headcount numbers: almost 40% year-on-year. We offer substantial career growth opportunities, including leadership roles to our employees, and are also focused on recruiting top talent from local universities.”

In addition to bolstering its Global Capability Centre in India, StoneX has recently established an office in GIFT City (Gujarat International Finance Tec-City) to facilitate trading in precious metals. The firm successfully commenced operations in June 2024, becoming a trading and self-clearing member of the India International Bullion Exchange (IIBX).

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