Business EconomyPosted at: Oct 7 2026 9:40PM


Hyderabad emerging as global destination for technology, financial services companies: Sridhar Babu

Hyderabad, Oct 7 (UNI) Telangana's young, highly skilled and globally competitive talent pool is driving the growth of global technology and financial services companies in the State, IT and Industries Minister Duddilla Sridhar Babu said.
Addressing the 30th anniversary celebrations of D E Shaw India here on Tuesday, Sridhar Babu said the company's three-decade journey in Hyderabad demonstrated its continued confidence in the city and its talent.
He said D E Shaw, which established its first India office in Hyderabad in 1996 with around 20 employees, had grown to more than 2,000 employees across Hyderabad, Bengaluru and Gurugram.
The Minister said the company's Indian operations were contributing globally in technology, financial research, financial operations and corporate functions.
He said Hyderabad had emerged as a major destination for technology, innovation, financial services and Global Capability Centres, adding that the State's young and skilled workforce was its biggest strength.
The Telangana government was working to create an ecosystem that would enable global companies to expand operations, undertake high-value activities, drive innovation and create employment opportunities, Sridhar Babu said.
Welcoming D E Shaw's new purpose-built office at Neopolis, he said the facility reflected the company's confidence in Hyderabad's future and would provide further scope for expansion of its operations in the city.
Sridhar Babu assured global companies of continued government support in strengthening infrastructure, talent development, ease of doing business and innovation.
He said companies such as D E Shaw had contributed to Hyderabad's transformation into a global technology and financial services hub.
The Minister congratulated D E Shaw India on completing 30 years in Hyderabad and expressed confidence that the company would continue to expand its presence in Telangana.
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Tags: #Hyderabad emerging as global destination for technology# financial services companies: Sridhar Babu
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