Bengaluru: Global advisory firm Duff & Phelps on Tuesday announced the launch of a technology and innovation center at HITEC City in Hyderabad.
The new 150-seater center, according to a press statement on Tuesday, will focus on software development, automation and innovation, with a team of experienced software engineers, technologists and senior leaders.
According to Varun Gupta, Managing Director and India Country Leader for Duff & Phelps, Hyderabad is an important hub for the firm's expansion strategy for India as well as for serving our global clients. "In addition to the innovation center, the Hyderabad office will also service local clients in the areas of valuation, property tax, restructuring, fraud, investigations and due diligence," he added.
Duff & Phelps claims to be the largest independent valuation firm globally and serves some of India’s largest companies in IT and IT-enabled services, retail, energy, healthcare, manufacturing, financial services and other sectors. It has more than 85 offices across 28 cities worldwide.
India is home to the third-largest Duff & Phelps team after New York and London. The firm entered India with the acquisition of American Appraisal in 2015. It expanded its presence in India in May 2018, with the acquisition of Kroll, a provider of risk mitigation and corporate investigations services.
Duff & Phelps is also a SEBI-registered Category 1 merchant bank, enabling it to provide opinions and a wider range of valuation services to listed companies in India. In addition to Hyderabad, the firm has a presence in Mumbai, New Delhi and Bengaluru.
