US data firm SplashBI opens Hyderabad centre, plans $100 million and 275 jobs

SplashBI, a US company that makes data and artificial intelligence software for businesses, opened a global capability centre in Hyderabad’s Financial District at Gachibowli on 9 November, Sakshi reported.

The company plans to invest $100 million (about ₹880 crore) in Hyderabad over five to seven years and create 275 jobs, the report said. The new office covers 20,000 sq ft.

What a capability centre is

A global capability centre, or GCC, is an office that a foreign company sets up to do its own technology, research or back-office work, instead of hiring an outside firm. Hyderabad and Bengaluru have attracted many of them in recent years.

What the minister said

Telangana’s IT and Industries Minister, Duddilla Sridhar Babu, opened the centre. He said Hyderabad has more than 515 GCCs employing over 3 lakh professionals. More than 70 new ones opened in the past year, and the State hopes to add 100 next year, he said.

SplashBI is based in Duluth, Georgia. Its chief executive, Naveen Miglani, and its president and chief technology officer, Kiran Reddy Pasham, attended the opening, along with MLA Yennam Srinivas Reddy.

What’s next

The company did not give a timetable for hiring the 275 staff.