Gandhinagar: Cognizant, a technology services and consulting company, today announced plans to establish a techfin centre in Gujarat International Finance Tec-City (GIFT City), Gandhinagar.

The new facility, set to launch by February 2025, will serve as a strategic hub for delivering advanced technology solutions for clients in the banking, financial services, and insurance (BFSI) industries. The center will initially house 500 associates, with plans to scale to 2,000 employees over the next three years, the company said.

Chief Minister of Gujarat, Bhupendra Patel, said, “GIFT City has become a preferred destination for global companies looking to establish and strengthen their presence in India. Cognizant’s new centre in GIFT City reflects Gujarat’s ability to attract world-class enterprises and provide a robust environment for innovation and growth. GIFT City’s state-of-the-art infrastructure, business-friendly policies, and strategic location are key drivers in shaping it into a global financial and technology hub. We remain committed to further strengthening this ecosystem, ensuring that GIFT City continues to play a pivotal role in India’s economic growth and technological advancement.”

The official statement also states, “Cognizant enables BFSI clients to accelerate digital transformation, enhance customer experiences, ensure regulatory compliance and adapt to change. The company maintains its position as a trusted partner to the world’s leading BFSI institutions, including, 17 of the top 20 North American financial institutions, 9 of the top 10 European banks, 3 of the top 4 banks in Australia, 7 of the top 10 global insurers, 9 of the top 10 US life carriers, 8 of the top 10 US property and casualty carriers, and 7 of the top 10 UK insurers.”

“We are excited to bring our deep industry expertise, entrepreneurial spirit, and innovative culture to GIFT City,” said Jatin Dalal, Global Chief Financial Officer, Cognizant. “This new center underscores our unwavering commitment to partnering with the Government of Gujarat and help drive sustainable growth. It will not only enhance our delivery capabilities across India but also create significant opportunities for local talent, making a lasting and positive impact on the region.”

With headquarters in the US, Cognizant footprint extends from India to Europe, North America, South America and the Middle East. In India, the company has a strong presence in Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune. DeshGujarat