Synechron to hire 400 people this year in India

Company has also invested over $20 million to set up a new facility, with a seating capacity of over 6,000 people, in Pune

New York-based IT firm Synechron plans to hire about 400 people this year at its development centre in Pune.

Of Syncheron's global headcount of over 5,000 people, close to 4,000 work at its centre in Pune.

"Over the last 12 years, we have emerged as a high-growth fast-paced company, working towards transforming the conventional outsourcing business model. This new facility will lend further cadence to our growth objectives," Synechron CEO Faisal Husain told PTI.

The injection of local expertise and upgraded infrastructure will accelerate focus on delivering high-end domain intensive technology solutions to Synechron customers, he added.

"We plan to add 15% more employees globally and 10% in India for Pune facility," he said.

The company has also invested over $20 million (Rs 124 crore) to set up a new facility, with a seating capacity of over 6,000 people, in Pune.

Synechron has been growing at a CAGR rate of over 30% for the past six years to become a $200 million annualised revenue entity. It has 100 active clients globally.

It focusses on verticals like capital markets, insurance, banking and digital media.

Founded in 2001, Synechron has presence across the US, Canada, UK, The Netherlands, UAE, Japan, Hong Kong, India and Singapore.