In a span of three years, Broadridge Financial has strategized to increase its India tech workforce by 26 percent to 6800 employees, with software engineers making up the majority of the new hiring.

Broadridge offers the infrastructure needed to support wealth and investment management, capital markets, and corporate governance.

The company's technology supports the daily trading of over $10 trillion worth of securities worldwide and powers over seven billion investor communications annually.

Multinational corporations are establishing global competence centers (GCCs) in India to support their everyday operations, cybersecurity, and research and development, according to Broadridge.

Currently, the company only has tech centers in India, but its customers include JPMorgan Chase & Co., Bank of America, and Wells Fargo.

Banks, broker-dealers, and asset managers can use Broadridge's financial technology tools and investor communications services for trading.

For example, to make decisions more quickly, Broadridge has begun working directly with the GCC counterparts of some premium banking clients in recent months.

A research by the IT industry association Nasscom and consulting firm Zinnov projects that the size of the Indian GCC market will increase from $64.6 billion in 2024 to $99 billion to $105.

Broadridge's India team has developed on BondGPT, an LLM-based solution that answers queries on bonds, and Distributed Ledger Repo, which helps clients optimize their cash management.

Broadridge's strategic move aligns with the GCC market's rapid expansion in India, which is expected to grow from $64.6 billion in 2024 to between $99 billion and $105 billion by the fiscal year 2030, according to a report by consulting firm Zinnov and IT association Nasscom.