Overview
- Candescent opened a 30,000 square foot technology centre in Hyderabad’s Raheja Mindspace IT Park, expanding its India engineering hub.
- The company will keep its existing Hyderabad office active through 2027, with teams working across both locations.
- Executives say the firm hired about 400 people in the past year and is now recruiting for roughly 130 Hyderabad roles, with AI engineering led from India.
- India accounts for about half of Candescent’s roughly 2,000 employees, including more than 800 engineers across Mumbai, Bengaluru and Hyderabad.
- India-based teams design and run core parts of the cloud platform that powers over 1,300 U.S. banks and credit unions serving nearly 30 million users, and the company is pursuing IIT partnerships and a graduate program to grow talent.