France-based Sopra Banking Software (SBS) has unveiled its plans to further bolster its footprint in India as well as increase its overall investment.

Over the next three years, the banking tech company intends to increase its overall headcount to 12,000 across both Sopra Banking Software India and Sopra Steria India.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The company’s CEO Eric Bierry divulged the plans during an event organised by Business France at the Embassy of France in India.

“Our teams have done a tremendous job in scaling our business across different locations throughout the world. With that foundation, we are ready to make our next move as a global fintech solution provider and this decision of increasing headcounts in India is a strategic and exciting step forward,” Bierry said.

The company, which now offers loud technology and an open banking platform, has increased its revenue from €171m in 2012 to nearly €500m.

Sopra Banking, which expanded its presence in India in 2019, currently employs more than 1000 people involved in R&D and innovation.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the expansion plans, Sopra Banking Software India CEO and deputy CEO of Sopra Steria India Sunil Goyal said: “Our people are at the core of our business, and we’re committed to creating an environment in which they can thrive.

“We are also coming up with a huge state-of-the-art campus in Noida, which shows our commitment towards our people.

“Despite the COVID-19 crisis, we have maintained strong growth and our plans for India is another step in our global strategy to accelerate business opportunities locally and globally.”

Over 1,500 financial firms across the globe leverage services offered by Sopra Banking Software, a subsidiary of the Sopra Steria Group. It employs 5,000 people worldwide.