Hyderabad is quickly turning out to be a top destination for global capability centers, and more and more international businesses are choosing the city as the base for their operations. Vanguard, a leading investment management firm, is the latest company to join the bandwagon with the news that it intends to open its first office in India. The company intends to establish a capability center in Hyderabad and is likely to create around 2,500 fresh jobs. A delegation of Vanguard recently met with Telangana Chief Minister Revanth Reddy, and the company’s CEO appreciated the state’s business-friendly policies, which helped them make Hyderabad their first choice.
Vanguard, established by John Bogle in 1975, is an investment management pioneer with a special fame for its pioneering efforts with index funds that changed the nature of investments. Vanguard specializes in offering low-cost, long-term investment approaches to its customers.
Hyderabad is not new to multinational companies, with quite a number of international giants already having their capability centers in the city. McDonald’s has opened a center that will create 2,000 jobs, among other companies such as HCA Healthcare and Amgen having their operations in the region.
With yet more international firms opting for Hyderabad as the base for their growth, the city is fast developing into a large business and innovation hub. Professionals forecast that it will only happen faster, thus cementing the position of Hyderabad as a serious player in international trade.