Synchrony Financial plans to expand operations in Hyderabad

Hyderabad, August 8, 2016: 
Synchrony Financial (NYSE: SYF), a premier consumer financial services company with 80 years of retail heritage, is planning to expand its operations in Hyderabad. As part of the company’s strategic investment plans for Telangana State, Synchrony Financial has signed an agreement to lease more than 200,000 square feet office space in Knowledge City, Hyderabad. 

Synchrony Financial plans to expand operations in Hyderabad

The India operations offer a compelling value proposition by providing talent, expertise and technological capabilities to help Synchrony Financial’s business grow. The Hyderabad site supports the Synchrony Financial business by providing Contact Center Solutions, Fraud Investigation support, Process Control Monitoring, as well as Finance, Analytics and IT support. 

Synchrony Financial, which already has a presence in the city at iLabs, is expected to occupy the new office between July and August 2017. 

Speaking on the occasion, Mr. Kurt Grossheim, Executive Vice President and Chief Operating Officer at Synchrony Financial, said, “We have a roadmap for strategic expansion for our site here in Hyderabad and this expansion supports our strategy. We have tremendous talent in India, especially Hyderabad, and are thankful for the support and strong relationship with the government of Telangana State as we work through the expansion.“ 

Also speaking on the occasion, Mr. Faisal Uddin, Sr. Vice President and Business Leader Synchrony Financial, India, said, “Our expansion here is a clear embodiment of our commitment to Hyderabad and our talented staff. The new facility will be equipped with enhanced work spaces, along with an array of relaxation zones for our employees to unwind and refocus to perform better. We are excited about expanding our footprint in this vibrant city, as that will help us continue to recruit and retain the highest calibre of employees.”

About Synchrony Financial 
Synchrony Financial (NYSE: SYF) is one of the nation’s premier consumer financial services companies. Our roots in consumer finance trace back to 1932, and today we are the largest provider of private label credit cards in the United States based on purchase volume and receivables.* We provide a range of credit products through programs we have established with a diverse group of national and regional retailers, local merchants, manufacturers, buying 
 groups, industry associations and healthcare service providers to help generate growth for our partners and offer financial flexibility to our customers. Through our partners’ over 350,000 locations across the United States and Canada, and their websites and mobile applications, we offer our customers a variety of credit products to finance the purchase of goods and services. Synchrony Financial offers private label and co-branded Dual Card™ credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank.