KFin Technologies, a financial services platform, announced the opening of its Mumbai office and its plans to hire around 300 people for the new location. Additionally, KFintech is seeking out new opportunities for growth with a planned site at GIFT City in Gujarat, which would allow it to improve global interactions as it strives to become a financial hub for asset classes across regions, the company said in a statement.
The Hyderabad-based company offers services to corporate issuers and asset managers in India across all asset classes. Hong Kong, the Philippines, and Malaysia are also served by it.
“KFin is looking at increasing capacity with plans to onboard over 300 employees at its new facility (Mumbai),” the company said.
With more than 5,000 employees serving diverse organisations across the global capital market spectrum, KFintech’s new building will host its Mumbai-based employees.
The presence of the Mumbai office will facilitate smooth communications with regional clients and investors.
“At KFintech, we’re always on the lookout for the right talent, people who align with our values, and share our commitment towards providing exceptional value to our clients and investors,” Sreekanth Nadella, CEO of KFin Technologies, said.
“As one of the biggest Registrar and Transfer Agents in the country, Mumbai is a strategic location for us. Having a physical presence in Mumbai makes it easier for us to coordinate and cooperate with all our stakeholders,” he added.
In April, KFin filed preliminary papers with market regulator Sebi to raise Rs 2,400 crore through an Initial Public Offering (IPO).
The IPO is entirely an offer-for-sale by promoter General Atlantic Singapore Fund Pte. Ltd.
KFin is majority-owned by funds managed by General Atlantic, a leading global private equity investor, which holds a 74.94 per cent stake in the company. Last year, Kotak Mahindra Bank acquired a 9.98 per cent stake in the company.