Barclays Expands India Footprint with New Gurugram Office

Barclays has commenced operations from a new office at DLF Downtown in Gurugram, according to the news reports. This is its second facility in the National Capital Region after Noida. 

The Gurugram office covers 317,000 square feet and has seating capacity for about 4,000 employees. The space will be used by teams working across technology, operations and business functions. 

Capital Deployment 

The bank recently infused £210 million into its India operations. The capital is intended to support expansion of infrastructure and staffing. 

India is currently Barclays’ second-largest footprint globally by scale of operations. The country’s role within the group has increased over time. 

Operations Across Cities 

Barclays has offices in Mumbai, Bengaluru, Chennai, Gurugram and Noida. It also operates a large technology and operations campus in Pune. 

The India centres undertake work in analytics, finance, customer service and operational support. They also contribute to group technology initiatives, including digital programmes. 

C. S. Venkatakrishnan, Group Chief Executive, said India is part of the bank’s long-term operating structure. He referred to the scale and availability of specialist skills in the country.

Praveen Kumar, Chief Executive Officer of Barclays Global Service Centre, India, said the Gurugram facility will support roles aligned with global business lines, including analytics and finance. 

Banking Services in India 

Apart from technology and shared services, Barclays provides corporate and investment banking services in India. These include mergers and acquisitions advisory, debt capital markets, risk management, and cash and trade solutions. 

The bank also offers investment, lending and wealth advisory services to ultra-high-net-worth individuals and family offices. 

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Conclusion 

With the addition of the Gurugram facility and recent capital infusion, Barclays has expanded its operational base in India within its global network. 

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