Sopra Banking Software (SBS), a global leader in banking and specialised finance software company with headquarters in Paris, announced its ambitious plan: to strengthen its footprint and increase the overall investment in India. At this event Mr Eric Bierry shared that the Group aims to increase the overall headcount to 12,000 over the next three years across both Sopra Banking Software India and Sopra Steria India. Mr Bierry said, “Our teams have done a tremendous job in scaling our business across different locations throughout the world. With that foundation, we are ready to make our next move as a global fintech solution provider and this decision of increasing headcounts in India is a strategic and exciting step forward.”
Reflecting on the company’s expansion plans in India, Mr Sunil Goyal, CEO of Sopra Banking Software India, and Deputy CEO of Sopra Steria India, said, “Our people are at the core of our business, and we’re committed to creating an environment in which they can thrive. The Great Place To Work™ certification is a testament to the efforts we have put in to build a high-trust, high-performance culture backed by a highly engaged workforce. We are also coming up with a huge state-of-the-art campus in Noida, which shows our commitment towards our people. Despite the COVID-19 crisis, we have maintained strong growth and our plans for India is another step in our global strategy to accelerate business opportunities locally and globally.”
Since Sopra Banking’s inception in 2012, the revenue has increased from 171 million euros to nearly half a billion. The organisation has evolved from a France-centric provider to a global one and has expanded its services to include cloud technology and an open banking platform. The organisation is focused in making finance accessible to as many people as possible and thus build a better future. Sopra Banking expanded its presence in India in 2019 with a focus on R&D and innovation centre and is now a strong family with 1000+ colleagues.
India has emerged as a popular destination for FinTech companies because of the digital push that led to high digital adoption among consumers as well as SMEs. Moreover, the continuing government efforts to formalise and digitise the economy have led to a plethora of opportunities for FinTech players. “While most industries and sectors saw major setbacks during the Covid-19 pandemic, the FinTech industry has benefited from a second push towards digitisation with all operations and transactions happening virtually,” added Mr Lalit Tyagi, Head R&D Sopra Banking Software India.
H.E. Mr Emmanuel Lenain, Ambassador of France to India, remarked, “French companies are committed to investing and innovating in India. They appreciate the huge opportunities offered by the country, its incomparable talent pool, and its promising market which receives strong support from both the governments.”
