Tide Investment to Create 800 Jobs in India with £500 Million Investment

Tide Investment's Major Commitment to India

Tide Investment, a British business management firm, has announced a significant investment of £500 million (around ₹6,000 crore) in India over the next five years. This announcement was made on Friday, highlighting the company's commitment to enhancing its long-term strategies in the Indian market. The investment is expected to generate 800 new job opportunities within the next year, raising Tide's workforce in India to 2,300 employees.

Job Opportunities Across Various Sectors

The new positions will span multiple sectors, including software development, manufacturing, service, and support. This initiative aims to provide fresh employment avenues for skilled professionals in India. Currently, Tide employs 1,500 individuals, primarily based in Delhi, Hyderabad, and Gurugram. The firm had previously set a goal to invest £100 million in India by 2026, a target it has surpassed ahead of schedule.

Recently, Tide secured a $120 million investment from TPG, a prominent alternative asset management firm, which has boosted its valuation to $1.5 billion. This increased investment in India signifies the company's recognition of the country as a vital market.

Insights from Tide's CEO

Oliver Prill, Tide's Chief Executive Officer, emphasized that India represents one of the largest markets for small and medium enterprises (SMEs) globally. He believes that the synergy between India's talent and Tide's initiatives will further enhance the India-UK business relationship. Prill also noted that India plays a crucial role in Tide's overall global operations.