Synchrony Financials to expand operations in Hyderabad

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Synchrony Financial, a US-based consumer finance company, is planning to expand its operations in Hyderabad. The company has signed an agreement to lease more than 200,000 square feet office space in Knowledge City here.

The India operations offer a compelling value proposition by providing talent, expertise and technological capabilities to help Synchrony Financial's business grow, the company said.

The Hyderabad site supports the company business by providing contact center solutions, fraud investigation support, process control monitoring, as well as finance, analytics and IT support.

Synchrony Financial, which already has a presence in the city at iLabs, is expected to occupy the new office between July and August 2017.

Speaking on the occasion, Kurt Grossheim, executive vice president and chief operating officer at Synchrony Financial, said, "We have a roadmap for strategic expansion for our site here in Hyderabad and this expansion supports our strategy. We have tremendous talent in India, especially Hyderabad, and are thankful for the support and strong relationship with the government of Telangana State as we work through the expansion."