Tredence: AI company Tredence expands operations in India

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Global data science and artificial intelligence (AI) solutions company Tredence plans to significantly expand its operations in India, increasing its employee base by 60% from 2,500 to 4,000 by mid-2025. San Jose, California-headquartered Tredence said in a statement on Wednesday that the expansion supports the company's rapid growth and diversification strategy as it expands its presence in sectors such as banking and financial services (BFSI) and healthcare and life sciences (HLS), and aims to enter the Middle East market.

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“While North America has played a pivotal role in our growth journey, we are excited about the tremendous opportunities in India, Europe and the Middle East,” said Shubh Bhowmik, CEO of Tredens.

He added that these markets are strategic pillars for Tredens and that its continued investments in R&D, sales and talent development underscore the company's drive to innovate and serve the world.

The additional 1,500 employees will be hired for roles in data science, data engineering, data analytics, MLOps, LLMOps, generative AI and marketing analytics.

The company said it is also recruiting for innovative roles to meet clients' growing needs in GenAI, and has also launched a GenAI upskilling program to train experts for upcoming client projects.

The company recently opened two new AI delivery centers in Pune and Kolkata and upgraded its facilities in Bangalore and Chennai.

ET had reported in March that Tredence was investing 10% of its annual revenue in developing GenAI and advanced AI capabilities across engineering, customer experience, machine learning operations, supply chain and other functions in the data analytics space.

By improving productivity and enabling new business streams, the company aims to grow revenue by 40-50 per cent in 2024, Bhowmik told ET.

According to the company, in India, it has partnered with manufacturing, healthcare, retail and CPG companies to address their last mile AI challenges. Additionally, the company recently partnered with one of India's largest business conglomerates to drive strategic decision-making and improve operational efficiencies through its AI/ML solutions.

More than 80% of the company's employees are based domestically.

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