Revolut to Base 40% of Global Workforce in India by Year-End
Hiring push and local product launch deepen India’s role in the European fintech firm’s global operating model.
News
- Revolut to Base 40% of Global Workforce in India by Year-End
- Bain, Palantir Double Down on AI Tie-Up
- Deccan AI Raises $25 Million in Round Led by A91 Partners
- Adani in Talks With Meta, Google, Flipkart on Data Centers: Report
- India Ties $70 Billion Data Center Push to Local Build-out, Jobs
- Novo Moves Delhi High Court Against Dr Reddy’s Over Olymviq Brand
European fintech firm Revolut is sharply scaling its India presence, aiming to base nearly 40% of its global workforce in the country by the end of the year as it expands its global capability center (GCC) in India.
The company said it will hire 1,600 employees over the next two years, taking its total headcount in the country to around 5,500.
Globally, Revolut employs about 12,000 people.
The new roles will span product development, payment processing, fraud investigations, and support functions, reflecting a shift in how multinationals are using India not just for cost efficiency but for critical, high-value work.
Jonathan Beaney, Revolut’s head of talent acquisition, described India as one of the “deepest and most dynamic talent pools in the world.”
“Our India tech hub is central to our global scale, the technical caliber, ambition and excellence we see here make India a natural long-term home for Revolut,” Beaney said.
The expansion comes amid a broader transformation of India’s GCC ecosystem.
Revolut India Chief Executive Officer Paroma Chatterjee said about a third of the company’s global processes are now run from India.
These include transaction monitoring and AI-driven fraud detection systems, areas that are becoming critical as fintech firms scale globally.
Chatterjee said tools developed in India, including video KYC capabilities, are now being adapted for other markets to improve customer onboarding and compliance.
Revolut has committed £500 million (about $670 million) to India through 2030, covering both its local business and GCC expansion.
The company is also preparing to launch its consumer-facing product in India as early as next quarter. It currently holds authorization to issue prepaid payment instruments, positioning it to enter the market in a phased manner.
Founded in 2015, Revolut has grown into one of Europe’s most valuable fintech firms, with a reported valuation of $75 billion and operations across 40 markets.
Revolut recently reported a record annual pre-tax profit, signalling that its business model is scaling profitably.
CEO Nik Storonsky said the company has built a “diversified, resilient business” that is now ready for its next growth phase.
A key milestone came earlier this month when Revolut secured a long-awaited full UK banking license after prolonged regulatory engagement.
The company has also launched full banking operations in Mexico and is actively preparing for entry into the US, marking an increasingly aggressive international strategy.
