Gemini, which is a crypto exchange, has hired an operational head with regards to its Indian affiliate after having carried out a $24 million investment to carry out its business in the Indian subcontinent. In the position of Vice President and India Head, the company has taken on Sachin Ranglani, who comes with a lot of exposure to the technology space.
In his previous position, he served as Vice President of Product Management for the India-based fintech company Paytm for three years. Additionally, he worked for Uber, Infosys, and Amazon.
Pravjit Tiwana serves as the CEO of Gemini’s Asia Pacific division. He stated in September that Gemini’s Gurgaon engineering hub will significantly impact the company’s overall growth in the coming years.
The Gurgaon office currently has more than 70 employees, and it’s anticipated that number will rise to 100 in the near future. Tiwana provided this information to the Financial News. Another forecast is that by the end of 2024, the number will surpass 200. Experts in compliance, data pipelines, warehousing, security, and payments are available in the Gurgaon location.
The company will be onboarding more software engineers, technical product managers, people operations executives, and talent scouting executives. Professional handling departments such as finance, support, and compliance will also be included.
Gemini’s website states that they hold India’s engineering expertise in the highest regard and consider the country to be awash in technical skill sets. As per the company’s plans, after the US, it will be the Gurgaon hub, which will be the second largest setup, along with its operations in the UK, Ireland, and Singapore.
To add to that, there is a mention that Gemini is prepared with its spot and imitative crypto trading products to benefit retail as well as institutional customers in India. Gemini’s venture into Indian space is in line with its progressive plans for Singapore. Here, the expectation is to create an employee list surpassing the figure of 100 by 2024. The company is of the understanding that APAC will help boost the next level of growth with regards to crypto and Gemini.