Crypto exchange Gemini has appointed a head of operations for its Indian subsidiary following a $24 million investment to expand operations there.
Sachin Ranglani, who has extensive experience in the tech sector, joined as Vice President and India Head in September, according to his LinkedIn profile.
He previously worked as senior vice president of product management at Indian fintech Paytm for three years, and gained experience at Uber, Amazon and Infosys.
Gemini’s Asia Pacific CEO, Pravjit Tiwana, announced in September that the company’s engineering center in Gurgaon, situated near India’s capital Delhi, will have a major impact on fueling the company’s growth in the coming years.
The Gurgaon branch, currently employing over 70 individuals, anticipates increasing its staff to exceed 100 by the close of 2023, Tiwana told Financial News in an article published on Tuesday.
He added that this figure is projected to reach 200 by the end of 2024.
The Gurgaon team is responsible for tasks related to compliance, data pipelines, warehousing, security, and payments.
They are actively looking to add software engineers, technical product managers, people operations and talent acquisition staff, finance, support and compliance positions.
On its website, Gemini says: “we have deep respect and admiration for India’s tradition of engineering excellence and view India as a hotbed for bar-raising technology talent.”
“Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complements our existing offices in the United States, the United Kingdom, Ireland, and Singapore,” it added.
The company also said that its spot and derivatives crypto trading products are ready to serve both retail and institutional customers in India.
Gemini’s entry into the Indian market aligns with its expansion strategy in Singapore, where it aims to grow its workforce to over 100 employees by next year.
“We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini,” Gemini has said.
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Source: https://blockworks.co/news/gemini-exchange-india-expansion