US-based digital transformation and product engineering firm EPAM has expanded its presence in India with the opening of a new office in Pune, marking its third office expansion in the country this year, following Bengaluru and Chennai. India is now EPAM’s second-largest delivery center globally.
EPAM entered the Indian market in 2015 through the acquisition of Alliance Global Services. Pune, one of the initial locations opened post-acquisition, has now grown significantly, housing over 2,000 employees. Srinivas Reddy, Managing Director at EPAM India, highlighted the collaborative nature of the new 30,000-square-foot facility, which features 200+ seats and a large lab. “Our policy is still hybrid,” Reddy added.
Located in Baner, Pune, this new facility will serve as an offshore development center (ODC) for EPAM’s clients. The city has seen rapid growth in the financial services sector, particularly in banking, payments, and insurance, making it a strategic location for EPAM’s business. “Pune’s talent pool and strong presence in BFSI have been key drivers in our growth here,” Reddy noted.
The company reported $1.168 billion in revenues for the third quarter of 2024, a 1.3% year-over-year increase. The company has raised its full-year revenue projection to between $4.685 billion and $4.695 billion, with Q4 revenues expected to range between $1.205 billion and $1.215 billion.
As of September 2024, it’s global headcount stood at approximately 53,250, with nearly 47,750 delivery professionals. The company continues to position itself as a global leader in digital engineering, cloud, AI-enabled transformation services, and business consulting, serving clients worldwide across a variety of industries.
Since its founding in 1993, EPAM Systems, Inc. has leveraged its expertise in software engineering to become a leading global provider of digital engineering, cloud and AI-driven transformation services. The company also serves as a key business and experience consulting partner for both large enterprises and ambitious startups. it addresses its clients’ transformation needs by integrating strategy, experience, and technology consulting from Continuum with over 30 years of engineering execution, helping clients accelerate time to market and maximize value from their digital investments and innovations.
It brings generative AI to life with solutions such as AI LLM orchestration, testing, and engineering through EPAM DIAL, EPAM EliteA™, and EPAM AI/RUN™. The company delivers its services globally, while also engaging locally with expert teams of consultants, architects, designers, and engineers, making the future a reality for clients, partners, and employees worldwide.
EPAM‘s solutions aim to enhance people’s lives and provide a competitive advantage to clients across various industries. Recognized as a leader in the IT sector, it was added to the S&P 500 and Forbes Global 2000 in 2021, and its teams serve clients across six continents. The company has also earned accolades, including being listed in Glassdoor and Newsweek’s Top 100 Best Workplaces, and is ranked among the top 15 companies in Information Technology Services in the Fortune 1000.
