Mizuho Financial Group, Japan’s third largest financial services group, has established its Global Business Centre in Chennai.
The Chennai centre will play a pivotal position in conducting high-end IT/ITeS, encompassing Robotic Process Automation (RPA), Artificial Intelligence (AI), methods growth, cybersecurity, and basic banking operations. Mizuho Global Services (MGS), with a present workforce of over 250, plans to extend the quantity to 1,000 by 2025.
“The Government has been actively pursuing investments in the GCC space, and it is definitely yielding good results thanks to key enablers such as quality talent and necessary infrastructure,” stated V. Vishnu, MD & CEO of Guidance, the nodal company instrumental in bringing investments into Tamil Nadu.
Dharma Raja, Managing Director, Mizuho Global Services, India, stated: “Our current focus is on rapidly expanding our business and enhancing our capabilities to cater to the entire global network of Mizuho group. Establishing our office in a conducive business environment such as Chennai significantly bolsters our pursuit of these objectives.”
Chennai hosts main Banking, Financial Services, and Insurance (BFSI) Global Capability Centres (GCCs) for distinguished establishments like Standard Chartered, Bank of America, NatWest, Wells Fargo, Barclays, The World Bank, and Citi. Notably, Standard Chartered boasts its largest workplace campus globally in Chennai, and in 2023, Bank of America secured the largest workplace house transaction by leasing 1.1 million sq. ft in town. Over 50% of this workforce focuses on product engineering and expertise capabilities, showcasing Chennai’s thriving expertise pool for BFSI GCCs.
The metropolis has already turn out to be a strategic alternative for a lot of giant global IT firms and functionality operations of main banks. Safety, good infrastructure, and enlargement of Chennai Metro to facilitate seamless operations are amongst different elements for town to emerge because the main, and most popular vacation spot for global conglomerates.
