Goldman Sachs said its new office in Hyderabad will hire over 2,000 employees by 2023, a press release from the investment banker said on Monday. The company on Monday announced the opening of its new office as part of its commitment to expand its global center for engineering and business innovation and in India, a press release from Goldman Sachs said.

“In adherence to local government guidelines, Hyderabad operations commenced remotely in March 2021 and currently have about 250 employees…By the end of 2021, it is expected that the Hyderabad office will grow to 800 employees of which about 70 percent of employees will be new hires. By 2023 the size of Hyderabad office could reach as many as 2,500 employees,” it said.