Pune’s GCC ecosystem gets another significant boost as Citi expands its presence in Kharadi.
Pune continues to attract large-scale global operations, with Citi taking approximately 1 million sq. ft. of office space at Panchshil Business Hub in Kharadi.
The expansion marks Citi India’s largest office space to date and is another important milestone in the company’s long-standing presence in Pune. Citi’s association with the city goes back to 2012, when it began its presence at EON Free Zone.
A growing global operation
Citi’s presence in India has grown considerably over the years. Its Citi Solutions Centers in India are now home to more than 35,000 colleagues, supporting businesses across more than 80 markets globally.
Teams in India work across a wide range of functions, including technology, operations, analytics, risk, compliance and financial processes, as well as digital banking and emerging technologies.
The latest expansion adds further scale to Citi’s operations in Pune.
What it means for Pune
For Pune’s GCC ecosystem, the development is another example of how global companies are continuing to expand their operations in the city.
Kharadi has become an important location for BFSI and GCC operations, with companies increasingly using Pune to manage technology, analytics, operations and other global business functions.
Citi’s expansion also reflects the changing scale of Pune’s GCC landscape. What was once largely associated with technology and IT services has developed into a much broader ecosystem spanning financial services, technology, analytics, risk management, operations and specialised global functions.
As more global organizations deepen their presence in Pune, the city continues to strengthen its role as an important hub for global capability and business operations.