Thursday, December 5, 2024

Signify Officially Inaugurates Global Finance Hub in Noida

Signify, the world’s leading lighting company, has taken a significant step towards global expansion and innovation by officially inaugurating its Global Finance Service Centre (GFSC) Hub in Noida, Uttar Pradesh, India. 

This strategic move underscores Signify’s commitment to strengthening its business operations both globally and within India.

Signify GFSC Hub in Noida: Key Highlights

The GFSC Hub in Noida is a state-of-the-art facility designed to centralize critical financial processes. It will play a pivotal role in supporting Signify’s global business services model.

The hub will engage over 250 employees, emphasizing its significance in driving growth and transformation for the company. The GFSC will handle various accounting functions, ensuring accuracy and efficiency in financial reporting.

It will be managing receivables and collections efficiently to optimize cash flow. GFSC will also be ensuring compliance with financial standards and internal controls.

Streamlining procurement processes for cost-effective operations is also among GFSC’s responsibility.

The new finance hub is expected to create employment opportunities, contributing to the overall economy. Signify aims to nurture and develop the skills of its workforce, leveraging India’s rich talent pool.

The launch underscores India’s conducive business environment, making it an attractive destination for global companies.

Leadership Perspectives

Sumit Joshi, CEO & MD, Signify Greater India expressed his vision behind the launch. 

He said, “The launch of our Global Finance Service Centre in Noida underlines our commitment to growth across the world with a dominant focus on the Indian market.”

Sumit added, It’s an affirmation of the rich talent pool and the conducive business environment that India offers.”

He concluded by mentioning “We believe this move will help nurture and develop the skills of our workforce, thereby contributing to the flourishing talent ecosystem in the country.”

Dibyendu Raychaudhury, Head of Finance, Signify Greater India: “We are excited to inaugurate our GFSC in Noida, which will play a key role in supporting our global business services model.”

Dibyendu added, This hub represents our commitment to driving strategic objectives and contributing to our growth trajectory globally.”

Signify’s new office space in Noida is thoughtfully designed to foster creativity, collaboration, and innovation.

Dedicated spaces for collaboration, co-creation, and relaxation ensure that employees work at their best, driving the company’s mission of creating a better world through innovation and sustainability.


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Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor- Content at SightsIn Plus. She has rich experience in content writing, having previously worked with GKMIT, Zimyo, Crystaltech eSolutions, Integrated Resources, Inc, and Dynamics Square.