SMFG India Credit and Fullerton Financial Holdings Secure 194,000 Sqft Office Space in Mumbai

06 Oct, 2023

SMFG India Credit and Fullerton Financial Holdings Secure 194,000 Sqft Office Space in Mumbai

SMFG India Credit Ltd, a subsidiary of the renowned Japanese conglomerate Sumitomo Mitsui Financial Group (SMFG), has embarked on a significant venture in India. The company has joined forces with Fullerton Financial Holdings (FFH), a prominent non-banking financial company (NBFC), to secure a substantial office space in the bustling metropolis of Mumbai. This strategic move underscores their commitment to establishing the largest office space in the country, signifying a noteworthy milestone in their Indian operations.

The leased office space, encompassing approximately 1.94 lakh square feet, is located within the prestigious Embassy 247, a Grade-A office park that spans an impressive 1.18 million square feet. Situated in the vibrant eastern suburb of Vikhroli in Mumbai, this contemporary office park offers state-of-the-art facilities and a conducive environment for business operations.

The decision to secure such a substantial office space is in alignment with SMFG India Credit's ambitious growth plans within the Indian market. This development signifies the consolidation of their existing offices in Powai and Andheri into a single, expansive office space. This unified space is set to become the largest of its kind in the entire country, a testament to SMFG India Credit's commitment to establishing a centralized hub for their back and mid-office functions.

With a workforce of over 2,000 employees, this new office space is poised to play a pivotal role in streamlining their operations and fostering collaboration across various functions. It will serve as a strategic and centralized location, enabling the company to optimize its efficiency and facilitate seamless communication among its employees.

Swaminathan Subramanian, the Chief Operating Officer at SMFG India Credit, expressed the company's dedication to providing exceptional workspaces for its employees. This move reflects their commitment to nurturing a work environment that not only meets but exceeds the expectations of their workforce. Subramanian also underscored the anticipation of a long-term partnership with Embassy REIT, highlighting the importance of collaboration in achieving their shared objectives.

It is noteworthy that despite this substantial expansion, SMFG India Credit's corporate office will continue to remain at Bandra Kurla Complex (BKC) in Mumbai. This strategic decision ensures continuity and stability while simultaneously enabling the company to harness the benefits of their expanded office space.

In conclusion, this venture represents a significant step forward in SMFG India Credit's mission to enhance its presence and operational efficiency in the Indian market. It highlights their commitment to providing exceptional workplaces and investing in the growth and development of their workforce. As they consolidate their operations and establish their largest office space in the country, SMFG India Credit is well-positioned to thrive in the dynamic business landscape of India.