Companies

Duff & Phelps opens technology, innovation center in Hyderabad

V Rishi Kumar Hyderabad | Updated on September 03, 2019 Published on September 03, 2019

Varun Gupta, Managing Director and India Country Leader for Duff & Phelps

Center of Excellence to drive commercial, digital Efforts

Duff & Phelps, a global advisory firm, has launched its technology and innovation center at Hyderabad’s Hitec City.

The centre will focus on software development, automation and innovation with a team of experienced software engineers, technologists and senior leaders.

The 150-seater facility, spread over 9,000 square feet, joins the firm’s footprint of more than 85 offices serving clients across 28 cities worldwide.

Duff & Phelps is the largest independent valuation firm globally and serves some of India’s largest companies across information technology (IT) and IT-enabled services, retail, energy, healthcare, manufacturing and financial services, among others.

“Duff & Phelps is moving to the forefront of innovation in the professional services sector to deliver maximum value to our clients,” said Brett Marschke, Chief Operating Officer (COO), Duff & Phelps.

“We continue to make significant investments in tech-enabled growth to transform processes, improve efficiency and maximize turnaround times,” Marschke added.

Duff & Phelps entered the Indian market with the acquisition of American Appraisal in 2015. In May 2018, the firm further expanded its Indian presence with the acquisition of Kroll, a leading provider of risk mitigation and corporate investigations services.

Duff & Phelps is also a SEBI registered Category 1 merchant bank, enabling the firm to provide fairness opinions and a wider range of valuation services to listed companies in India. In addition to Hyderabad, the firm has a presence in Mumbai, New Delhi and Bengaluru.

Varun Gupta, Managing Director and India Country Leader for Duff & Phelps said, “Hyderabad is an important hub for our expansion strategy for India as well as for serving our global clients. In addition to the innovation center, the Hyderabad office will also service local clients in the areas of valuation, property tax, restructuring, fraud, investigations and due diligence."

"India is home to the third-largest Duff & Phelps team after New York and London. The expansion demonstrates the firm’s commitment to making India a vital component in our global growth strategy,” he added.

Published on September 03, 2019
This article is closed for comments.
Please Email the Editor