S&P Global opens new facility in Hyderabad, adds 700 employees

Our Bureau Hyderabad | Updated on July 11, 2019 Published on July 11, 2019

The US-based S&P Global, a provider of ratings, analytics and data to financial markets, added 700 employees to its rolls on Thursday with the opening of a new office. This takes the total number of employees in India to about 8,000.

The firm already has a facility in the city that houses 4,500 employees. The other two facilities in the country are in Gurgaon (1,000) and Ahmedabad (2,000).

The new employees come from its tie-up with Ness Technologies that built, operated and transferred a facility for the New York Stock Exchange listed firm.

“Data coupled with technology and analytics can empower businesses,” said Nick Cafferillo, S&P Global’s Chief Data and Technology Officer.

Abhishek Tomar, Managing Director (India Operations) of S&P Global, said the new Orion facility can seat 850 employees.

“We partnered with Ness Technologies in 2017 to help build the Orion Technology Centre, opening the co-branded facility designed to accommodate more than 850 associates in May 2018. Now, as of July 1, 2019, Orion is wholly owned by us,” he said.

The firm has invested $10 million in developing the facility in the last two years.

India houses more than one-third of S&P Global’s workforce of 21,000 employees in 33 countries. It registered revenues of $6.26 billion last year.

Published on July 11, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.