ThoughtWorks opens office in Mumbai to offer fintech solutions

Software and consultancy services platform ThoughtWorks announced today that it has opened a new office in Mumbai. The Chicago-based firm said in a statement that the new office will cater to its clientele in the banking, financial services and insurance (BFSI) sector.

The new office, set up in Powai, will offer clients technology consulting and product-driven strategies. It will also serve as a centre to expedite engagements with Indian enterprises by providing them digital and data management capabilities at scale and mobilise artificial intelligence (AI) and machine learning for fintech businesses.

The office, located at Powai's Hiranandani Business Park, will employ technologists and full-stack developers, the company said in a statement.

“Banks are turning to digital natives like ThoughtWorks to build digital platform capabilities and deliver exceptional service at scale,” Sudhir Tiwari, managing director, ThoughtWorks India, said. “For us and our India growth plans, Mumbai, India’s financial capital, makes perfect sense as the next step. We are delighted to set foot into the city and leverage our more than 25 years of tech expertise here.’’

The Mumbai office will initially receive support from ThoughtWorks’ Pune branch, the company said in a statement, with plans to further expand its workforce in the city.

The Mumbai office will be ThoughtWorks’ seventh in India after offices in Bengaluru, Chennai, Coimbatore, Gurgaon, Hyderabad and Pune.

Founded in 1993 by Neville ‘Roy’ Singham, the Chicago-based firm was acquired by London-based private equity firm Apax Partners in 2017.

Other developments related to digital transformation vis-a-vis the BFSI sector:

• Zensar subsidiary Cynosure unveils its digital transformation solutions for the insurance sector.
• Microsoft ties up with Ganymede Advisory (GA) Partners to aid Indian fintech startups.
• TCS deploys its hybrid cloud platform for Lloyds Banking Partners’ insurance arm.