StoneX Group Inc (NASDAQ:SNEX), a financial services company that owns retail FX brands such as FOREX.com and City Index, has announced the opening of its new offices in Pune and Bengaluru, with a collective capacity of 800 seats.

This marks a significant expansion of its operations in India, and is part of StoneX’s strategy to leverage India’s deep talent pool.

Since establishing its Global Capability Centre in India in 2019, StoneX has experienced remarkable growth, and now employs over 550 staff in-country, contributing to its global workforce of more than 4,300 employees.

Greg Kallinikos, APAC CEO, StoneX, commented:

“India has consistently been at the forefront of technological innovation across various sectors, making it a natural choice for expanding our technology and support operations. The robust talent pool in the financial services sector has been another point of attraction in establishing our Global Capability Centres in Bangalore and Pune.”

Manu Dhir, General Manager, StoneX India, added:

“We started in India with one technology team for our Global Payments business, and have now matured into a cross-functional Global Capability Centre. We have been growing rapidly in terms of headcount numbers: almost 40% year-on-year. We offer substantial career growth opportunities, including leadership roles to our employees, and are also focused on recruiting top talent from local universities.”

In addition to strengthening its Global Capability Centre presence in India, StoneX has established an office in GIFT City (Gujarat International Finance Tec-City) to facilitate trading in precious metals. StoneX successfully commenced operations in June 2024, trading in precious metals on the IIBX (India International Bullion Exchange), becoming a trading and self-clearing member on IIBX.