US MNC bank Goldman Sachs to open office in Hyderabad, 2,000 hiring by 2023

New Delhi: Goldman Sachs Group, the American multinational investment bank is set to roll out its office in Hyderabad, bringing a loud cheer from the youth amid the pandemic. The MNC is set to hire over 2,000 employees by 2023, it said in a press release.

The company said that it expects to hire 800 employees at the Hyderabad office by year-end, of which about 70% will be fresh hiring.

“In adherence to local government guidelines, Hyderabad operations commenced remotely in March 2021 and currently have about 250 employees…By the end of 2021, it is expected that the Hyderabad office will grow to 800 employees of which about 70 per cent of employees will be new hires. By 2023 the size of Hyderabad office could reach as many as 2,500 employees,” a press release from Goldman Sachs said.

The new facility was inaugurated by Telangana IT and Industries Minister KT Rama Rao.

Chairman and chief executive officer David M Solomon said the new office will serve as a crucial innovation hub for a wide range of Goldman Sachs’ businesses and enhance its reputation as a global firm.