The new Bengaluru office is expected to commence its operations in the second quarter of 2021 with 200 employees, with expected potential to grow to 500 employees over the upcoming year.
“Having recently celebrated Arcesium’s fifth-anniversary, we are thrilled to mark this milestone year with our expansion into a new city in India. The strategic investment into the Bengaluru office will strengthen our position in the region and will exponentially boost our services capacity as we strive to meet the needs of our global clients,” said Gaurav Suri, Chief Executive Officer Arcesium.
The Bangalore office is India’s second and fourth worldwide for Arcesium. The expansion comes as the company supports the rapid growth of its client base, driven by its modular product strategy launched in 2019, and its recent business expansion into Europe and Asia. To meet the accelerated need for headcount growth, Arcesium continues to recruit from the top Indian engineering and management schools.
“Investing in talent is key to elevating Arcesium further as a world-class technology and service provider. When assessing our expansion strategy, we considered various cities across India to support our growth. Bengaluru made perfect sense as our next location because of its well-known innovation and technological sophistication. With the opening of our Bengaluru office, and continued growth in Hyderabad, we expect to complete 2021 with an extraordinary team of more than 1,500 employees in India,” said Ranvijay Lamba, Managing Director and Head of India at Arcesium.
Arcesium is a global fintech and professional services firm and supports more than $380 billion in assets. As a spinoff of the D. E. Shaw group, Arcesium launched as an independent company in 2015, has equity backing from Blackstone AAM and in 2020 year JP Morgan made a strategic investment in the company.