Al Ansari Financial Services opens tech-focused base in India
2 June 2025 13:50
ABU DHABI (ALETIHAD)Al Ansari Financial Services is opening a technology-focused base in India to accelerate the digital transformation of the company.The company operates the country's largest currency exchange—Al Ansari Exchange—and has recently been expanding its operations across other Gulf countries.Al Ansari Financial Services is a Dubai Financial Market-listed company with a market cap of Dh7.25 billion. In a stock market filing on Monday, the company announced the launch of its new business solutions centre in Hyderabad, India.'The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey,' the stock market filing said.Named Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), the new facility will serve as a strategic hub designed to enhance efficiency, productivity, and cost-effectiveness across the Group's operations. The Hyderabad centre is expected to streamline business processes, optimise performance, and support the organisation's technological advancement initiatives.'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.'
The Hyderabad office is also expected to serve as a platform for future growth. In the initial phase, an IT Excellence Centre has been established to improve the Group's technological capabilities and foster innovation. Future plans include extending the scope of the centre to provide business process outsourcing (BPO) services.
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