Dublin headquartered consumer credit reporting company Experian has set up an IDC (India Development Centre) in Hyderabad -- its first in the country.
The IDC currently houses 200 engineers and is expected to have about 2,500 employees by 2024, a statement from the company said on Tuesday.
The centre will build on the London Stock Exchange-listed company’s “innovation agenda by tapping top talent available in India”, the statement said, without giving any specifics on the operations. It will work closely with Experian’s products teams globally, the statement added.
“We are excited to see Experian’s continued investment in India and view this move as a clear testament to Experian’s commitment to grow the India operations through both organic and inorganic opportunities…,” Sathya Kalyanasundaram, India country head and managing director at Experian, said.
Experian India’s data analytics service offerings revolve around consumer credit data. Experian Hunter, one of its largest service offerings in the country, is a fraud and identity solution that aims to help financial institutions.
“Superior infrastructure, good quality of education and a rich talent pool, combined with the ease of doing business, makes it the ideal location for our India Development Centre. Experian has always believed in fostering a culture of continuous innovation and driving financial inclusion across the world to help consumers get easier access to credit,” Alex Lintner, group president of consumer information services at Experian, said.