• Home
  • Real Estate
  • Candescent Opens 30,000 Sq Ft Hyderabad Tech Centre with 300 Seats, Expands India Workforce
Real Estate

Candescent Opens 30,000 Sq Ft Hyderabad Tech Centre with 300 Seats, Expands India Workforce

  • by- Zaid
  • Apr 20, 2026
US-based banking technology firm Candescent has expanded its presence in India with the launch of a new technology centre in Hyderabad, adding approximately 30,000 sq ft of office space with a seating capacity of around 300 employees.
Candescent Opens 30,000 Sq Ft Hyderabad Tech Centre with 300 Seats, Expands India Workforce

Hyderabad, April 20: This marks the company's second facility in Hyderabad and forms part of a broader expansion strategy.

India Expansion Highlights

  • New tech centre: 30,000 sq ft (300 seats)

  • Total Hyderabad seating capacity: ~530 (including previous facility)

  • Employees hired in past year: ~400

  • Current open positions: ~130 (directors, managers, individual contributors)

  • India's share of global workforce: Nearly half (of ~2,000 total employees)

Key Focus Areas

  • Artificial Intelligence engineering

  • Money movement platforms

  • Core product development

  • Engineering and product management

Leadership Statements

John Garvey, Chief Operating Officer of Candescent, indicated that a significant portion of the company's engineering and product-related work is now led from India, including AI engineering, money movement platforms, and core product development functions.

Raghav Pavaman, General Manager and Senior Vice President for India Operations, stated that the company is currently hiring for approximately 130 positions across roles ranging from directors and managers to individual contributors, with a focus on product managers and product owners with experience in financial services.

Strategic Context

India accounts for nearly half of Candescent's global workforce of approximately 2,000 employees. While the firm's client base remains largely concentrated in the United States, India serves as a critical source of talent and technical capability rather than a direct market for its products.