Creditsafe Announces Strategic Expansion of its Hyderabad Facility to Accelerate the Future of Business Credit Intelligence

By India Education Diary Bureau Admin On Sep 11, 2024

Creditsafe says, “Indian Business Information Market Surges from €25M to €100M in Five Years”
Committed to grow in Telangana, Creditsafe to Boost Hyderabad Workforce to 500 by 2027

Hyderabad – Creditsafe Technology Private Limited – an ancillary of Creditsafe Group a €375-million global company and world’s most used provider of business credit intelligence, today announced the strategic expansion of its Hyderabad facility. Creditsafe Technology Pvt Ltd is known for technological disruptions in the business credit intelligence industry, including real-time business credit reporting, seamless API integrations, and advanced credit scoring models.

The expansion of Creditsafe’s footprint in India is a tactical move to support the company’s continued growth, improved technological capabilities, and to create value for its global customer base. The 30,000 sq. ft. facility in Hitech city, Hyderabad, will double the seating capacity and add state-of-the-art training facilities. Currently, Creditsafe Technology’s Hyderabad office employs 240 people as part of a broader global team of 1,600 employees. With a hybrid work model currently in place, the new setup with 360 seating capacity will support an increased headcount. The company anticipates significant growth with plans to increase the Hyderabad workforce to 500 in the next 3 years and will increase its revenue by 10% every year.

With Hyderabad facility as the largest product development base for Creditsafe group, this expansion addresses the increasing demand for the company’s services as the investment will also focus on innovations in data analytics and AI integration. Creditsafe’s in-house technologies, such as its real-time data platform, Creditsafe API, and advanced credit scoring models, are crucial to delivering comprehensive and timely business information. With the integration of AI, the company is set to enhance credit risk assessment, data management, and customer insights, setting new standards for accessibility, accuracy, and speed in credit reporting on over 430 million businesses worldwide.

Elaborating on the company’s focus in the region, Mr. John Seery, Chief Technology Officer, Creditsafe Group said, “Creditsafe is committed to grow in Hyderabad, Telangana region. Telangana’s tech talent pool, innovative incubators, and supportive ecosystem offer multiple avenues for Creditsafe’s growth, from talent acquisition to R&D, and from expanding into local and regional markets to fostering collaborations with startups and financial institutions. The company’s expansion is a testament to its commitment to leveraging the incredible talent in India to drive global innovation and reflects the success of the center over the past 4+ years.”

Mr. Kishore Reddy Kancherla, Managing Director, Creditsafe Technology Pvt Ltd said, “We are proud to reach this landmark in our expansion journey. The new facilities will enable us to improve our product offerings and continue to innovate, while maintaining a competitive edge. By utilizing the talent and expertise in India, we will be well positioned to accelerate our global operations and deliver exceptional value to our customers. Creditsafe plans to recruit extensively in the Hyderabad region across various domains, including software development, data science, product management, and project management.”

There is a growing awareness and emphasis on creditworthiness, risk management, and financial transparency among businesses, particularly in sectors like small and medium enterprises (SMEs), startups, and financial institutions. The company’s focus on international credit reports and real time data can help differentiate itself in the global credit reporting landscape.