France-based Sopra Banking Software (SBS) has unveiled its plans to further bolster its footprint in India as well as increase its overall investment.
Over the next three years, the banking tech company intends to increase its overall headcount to 12,000 across both Sopra Banking Software India and Sopra Steria India.
During the Coffee Connect, organized by Business France at the Embassy of France in India, the CEO of Sopra Banking Software, Mr. Eric Bierry, made key announcements about ramping up their workforce.
A Coffee Connect meet was organized at the Embassy of France in India in association with Business France India.
It marked the presence of the Ambassador of France to India, H.E. Mr. Emmanuel Lenain, the CEO of Sopra Banking Software, Mr. Eric Bierry, and other prominent CEOs of the Industry.
H.E. Mr. Emmanuel Lenain, Ambassador of France to India, said, “French companies are committed to investing and innovating in India. They appreciate the huge opportunities offered by the country, its incomparable talent pool, and its promising market which receives strong support from both the governments.”
Mr. Bierry said, “Our teams have done a tremendous job in scaling our business across different locations throughout the world. With that foundation, we are ready to make our next move as a global fintech solution provider and this decision of increasing headcounts in India is a strategic and exciting step forward.”
Reflecting on the company’s expansion plans in India, Mr. Sunil Goyal, CEO of Sopra Banking Software India, and Deputy CEO of Sopra Steria India, said, “Our people are at the core of our business, and we’re committed to creating an environment in which they can thrive. The Great Place To WorkTM certification is a testament to the efforts we have put in to build a high-trust, high-performance culture backed by a highly engaged workforce.”
He added, “We are also coming up with a huge state-of-the-art campus in Noida, which shows our commitment towards our people. Despite the COVID-19 crisis, we have maintained strong growth, and our plans for India are another step in our global strategy to accelerate business opportunities locally and globally.”
Mr. Lalit Tyagi, Head R&D Sopra Banking Software India added, “While most industries and sectors saw major setbacks during the Covid-19 pandemic, the FinTech industry has benefited from a second push towards digitization with all operations and transactions happening virtually.”
India has emerged as a popular destination for FinTech companies because of the digital push that led to high digital adoption among consumers as well as SMEs.
The organization expanded its presence in India in 2019 with a focus on R&D and innovation centre and is now a strong family with 1000+ colleagues.
Since Sopra Banking’s inception in 2012, the revenue has increased from 171 million euros to nearly half a billion.
