NatWest Group Expanding in Bengaluru, Plans to Hire 4,000 Engineers
UK retail banking institution, NatWest Group, has announced its intention to hire approximately 4,000 engineers at its Bengaluru office in the next two years. This comes after the company’s recent expansion in the city and its lease of a new office space in the Bagmane Constellation Business Park. The new office, spanning 370,000 square feet across 11 floors, aims to enhance the group’s engineering and innovation hub.
Investing in India’s Talent and Technology Ecosystem
In a statement released on Wednesday, NatWest Group confirmed that this new site is in line with its plans to recruit 3,000 new software engineers in India by 2026. With a seating capacity three times larger than the current office, the expanded Bengaluru office will accommodate not just the new hires but also potential future growth. With this move, the company aims to build deep engineering and data capabilities, hire niche domain specialists, and create a hub for pioneering technology solutions and cutting-edge developments. The goal is to enable the bank to work more efficiently and effectively to serve its customers.
Strategic Investment in the Future
According to Punit Sood, the head of India at NatWest Group, the expansion in Bengaluru represents a strategic investment in the future. The new office space not only provides more physical room but also a modern design aimed at enhancing productivity and creating an inspiring environment for employees. NatWest Group recognizes the immense potential of India’s talent and technology ecosystem, and with this move, it is demonstrating its commitment to tap into that potential and contribute to the growth of the Indian economy.
Bengaluru’s Vibrant Technology Sector and Skilled Talent Pool
Scott Marcar, the group’s chief information officer, highlighted the vibrant technology sector and skilled talent pool that Bengaluru offers. He sees this new office as a significant milestone in NatWest Group’s growth journey in India. By further expanding its operations and leveraging the local expertise, the bank positions itself at the forefront of innovation. Moreover, the group prioritizes enhancing both customer and colleague experiences, ensuring that its services and internal environment are of the highest standard.
Support for the Indian Workforce
Aside from the opportunity to bring about technological advancements and streamline processes, NatWest Group’s expansion also signals its commitment to job creation and supporting the Indian workforce. Currently, the group employs around 17,000 people across its three centers in India, with approximately 2,000 in Bengaluru. By 2026, those numbers are expected to rise with the company’s plan to increase the workforce in the Bengaluru office to a total of 6,000 employees. India holds the distinction of being NatWest’s second-largest employee base outside of the UK.
In conclusion, NatWest Group’s decision to expand its operations in Bengaluru and hire 4,000 engineers is a testament to the city’s standing in the technology sector and the availability of skilled talent. With its new office space and strategic investment in India’s future, the group aims to strengthen its technological capabilities, provide innovative solutions, and improve its overall customer and colleague experiences. This move not only solidifies NatWest Group’s position in the Indian market but also demonstrates its commitment to supporting the local workforce and tapping into the vast potential of India’s talent and technology ecosystem.
