The US based Arcesium, technology and service provider for asset management companies, has successfully completed three years at its India office here. The celebration at its India facility was graced by IT and Industries Minister K.T. Rama Rao. Arcesium, spun-off from the D. E. Shaw group in July 2015, and has grown to support over $100 billion in assets for clients based in North America. Arcesium has doubled its headcount in a span of three years.
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.
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.
Minister 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 was 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 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 from 1996. He also spoke about the major role played by the city of Hyderabad in the development of Arcesium. (NSS)