US-based ‘Fortune 500’ life insurer Massachusetts Mutual Life Insurance Company announces launch of its MassMutual Global Capability Center (GCC) in Hyderabad .
MassMutual India’s new office has been opened in the city’s Financial District, boasting a superior infrastructure and amenities. Interacting with IT and Industries Minister KT Rama Rao over a video conference on Monday, the company representatives made an announcement in this regard.
The company plans to invest over Rs 1,000 crore in its Hyderabad-based Global Capability Center.Minister KT Rama Rao said Hyderabad has witnessed several marquee investments in recent times.
“MassMutual choosing Hyderabad to establish its first Global Capability Center outside USA, is a testimony to the investor-friendly policies and the value proposition offered by Hyderabad city and Telangana State,” KTR said.
He appreciated the efforts of MassMutual India head Ravi Tangirala in establishing a world-class organisation in Hyderabad, India in a record time.MassMutual has leased about 1.5 lakh sft in the Vamsiram’s BSR IT SEZ in the Financial District in Nanakramguda.
The company has already started hiring and hired about 300 employees till date and is looking forward to hire more engineers for its digital transformation.
“We are confident in the quality of talent here – a mature workforce with a strong understanding of technology and business will help achieve MassMutual’s innovation goals,” said Arthur Riel, head of Core Technology at MassMutual.
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