Hyderabad has added another global technology company to its business ecosystem with the opening of Pico Technology’s first office in India. The US-based financial technology company inaugurated the facility in the city’s Financial District, marking its formal entry into the Indian market.
The inauguration was attended by Telangana Roads and Buildings and Cinematography Minister Komatireddy Venkat Reddy, IT and Industries Minister Duddilla Sridhar Babu, and Pico Technology Founder and CEO Jarrod Yuster.
Pico provides technology solutions for financial markets and serves clients across more than 30 countries. The Hyderabad facility will be the company’s first operational presence in India.
Commenting on the development in an Instagram post, Komatireddy Venkat Reddy said, “With a 17-year global track record serving top firms across 30+ nations, Pico choosing Hyderabad for its maiden Indian presence is a strong testament to Telangana’s emergence as a premier global tech hub,”
He added that the new facility would create high-quality employment opportunities for local youth and contribute to the growth of Telangana’s IT ecosystem.
Pico’s entry adds to Hyderabad’s expanding presence as a destination for multinational technology companies, including businesses specialising in financial markets technology.
The city currently hosts more than 350 Global Capability Centres (GCCs), employing over 300,000 professionals. The Telangana government aims to increase this number to 500 centres by 2030.
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