SplashBI To Invest $100 Million In Hyderabad Over Next Seven Years

Telangana is strengthening its position as a preferred destination for global investments, with the state government focusing on expanding opportunities in the information technology and healthcare sectors, IT and Industries Minister Duddilla Sridhar Babu said.

The minister made these remarks while inaugurating the new office of Simplify Alpha and the SplashBI Global Capability Centre (GCC) in Hyderabad on Monday. He said the state was committed to attracting companies that bring technological innovation, create employment opportunities and contribute to the growth of emerging industries.

Highlighting Simplify Alpha's entry into Telangana, Sridhar Babu said the healthcare-focused company was working towards transforming health insurance operations by integrating its industry expertise with artificial intelligence (AI) and automation. These technologies are expected to simplify complex processes, improve operational efficiency and enhance the delivery of services in the healthcare sector.

Welcoming the company's decision to establish its presence in Hyderabad, the minister said the government would extend all necessary support to businesses introducing new ideas and generating employment. He assured the company of continued assistance in expanding its operations across Telangana.

The minister also inaugurated SplashBI's new Global Capability Centre, established by the US-based company in Hyderabad. The facility will concentrate on key technology areas, including product engineering, AI development and data analytics, positioning it as an important centre for the company's global operations.

The new GCC is expected to create employment opportunities for 275 people, adding to Hyderabad's growing pool of technology-related jobs. In a significant commitment to the state, SplashBI has outlined an investment plan of $100 million (more than Rs 850 crore) over the next five to seven years.

Sridhar Babu said attracting more multinational companies and establishing additional GCCs remained a key priority for the Telangana government. He emphasised that these centres should move beyond routine business operations and emerge as global hubs for innovation, technology development and product engineering.

He further stated that the government would extend the required institutional and business support to help GCCs develop high-value capabilities and strengthen their contribution to the global economy.

Congratulating the management and employees of both companies, the minister expressed confidence that Simplify Alpha and SplashBI would expand their operations successfully in Hyderabad and contribute to Telangana's investment growth, technological advancement and employment generation.