He was addressing the celebration of completion of three years of US based Arcesium, technology and service provider for asset management companies, in Hyderabad.
The celebration at its India facility was graced by KTR. During the Arcesium India facility visit, K.T. Rama Rao remembered his visit to the D.E. Shaw Group HQ in New York in May 2015.
He said, “I met the leadership team of D.E. Shaw Group, the parent company in 2015 to discuss their expansion plans. Arcesium was one of the big ticket investments in the newly formed Telangana state.
The Minister stated that the state government is focused on promoting Telangana as the preferred destination for investments in the technology sector, and Arcesium is a prime example of a company that attracts distinguished talent, fosters an environment of innovative thinking and has steadily transformed Hyderabad into a global business city.
KTR said that Hyderabad fares better than other cities in India in terms of ease of business, encouragement to localized start-ups and innovative thinking. He also cited the Mercer ranking which ranks Hyderabad as ‘the best city to live in’ in India.
He assured that the state government is committed to improving infrastructure in and around Hyderabad city.
Ranvijay Lamba, Country Head for Arcesium India, thanked K. T. Rama Rao’s administration for providing a conducive environment for growth, and for facilitating the firm’s set-up over the past three years.
Gaurav Suri, CEO, spoke of the firm’s journey beginning in 1996, when the D.E.Shaw group was one the first companies to open its office in Hyderabad and how, since then, Hyderabad has been a key part in their success.
“The past few years have seen some of the country’s best technologists and business professionals come together to create cutting-edge solutions in the Financial Technology sector.
Hyderabad, which houses the majority of the firm’s personnel, has been the cornerstone for the firm,” he said. He also spoke about the major role played by the city of Hyderabad in the development of Arcesium. “I’m amazed by the tremendous pace of growth this city has seen especially in the past few years.
As Arcesium, we’ve benefitted from the great infrastructure not just in the way we’ve been able to set up our state-of-the-art office premises but also with respect to the high-calibre employees we’ve been able to attract,” Gaurav said before highlighting plans of future growth and continued technological leadership. (INN)