Global financial information services company Markit on Thursday said it will boost its workforce in India to 600 by the end of 2013 under the leadership of a new regional head, Sid Banerjee.
New employees will be engaged across Markit's business, including development, testing, analytics, data mining and management and will be based in Markit India's office located in Noida, Markit said in a statement.
At present, it has 418 employees in India.
"Markit India is increasingly becoming a preferred destination for talented technology and operations professionals looking for a challenging opportunity in a growing company. I look forward to expanding our presence in India and to continuing to enhance our product development and other capabilities," Markit India Managing Director and Head Sid Banerjee said.
Banerjee takes over as head of Markit India from Gautam Moorjani who has been appointed head of Global Product Services at Markit, based in New York.
Commenting on the development, Markit Chief Executive Officer Lance Uggla said, "Markit has had a presence in India since 2004 and our office in Noida is now our third largest after London and New York City. This has allowed us to take advantage of the tremendous talent pool India has to offer and to upgrade our product development and customer support functions significantly."
Uggla added that Sid is an industry specialist and is well placed to lead our expansion in the region.
Banerjee joined Markit in late December and has more than 20 years' experience in financial information and technology.
Earlier he was with Deutsche Bank where he held a number of roles over the past six years including Chief Operating Officer of the firm's India operations.