Templeton plans largest campus in Gachibowli

HYDERABAD: The world's fifth largest asset management company Franklin Templeton is planning to set up its world's largest single location campus — Franklin Templeton Park —in Hyderabad. The company currently has a centre employing about 1,100 professionals handling various in-house projects including operational and technological processes. For setting up of the largest campus, the company is implementing a project in phases in 15 acres at Gachibowli. The $40-million first phase would have a built up space of about 3.8 lakh sft to seat about 1,800 employes. The second phase, which is expected to be up and running by March 2008, will have an additional space of about 2.29 lakh ft to house 1,000 employees. "With this, the Hyderabad campus will be our largest single location globally in the next few months. The Hyderabad operations already accounts for 14% of the company's headcount," said Jennifer Bolt, Franklin Templeton's executive V-P. The company has around 8,000 employees globally, and with the new campus, more than 20% of the global headcount will be based out of India. The other two centres — Chennai and Mumbai — employ around 100 and 30 respectively.
The Hyderabad campus \n will act primarily as a support center for Franklin Templeton's \n services company, Franklin Templeton International Services (India) \n Private Ltd (FTISPL), which is based in Hyderabad and its operations \n and technology groups in Franklin templeton's offices worldwide. \n Gradually, the company \n plans to move some of its asset management operations, under the \n Franklin Templeton Asset Management (India) Private Ltd, headquarted \n in Mumbai, to Hyderabad facility. "The Hyderabad campus will \n primarily focus on the off-shoring efforts, gradually the asset \n management operations will be shifted to Hyderabad," said Greg \n Johnson, president and CEO, Franklin Resources. Templeton with over $55.2 billion assets \n under management and over 17 million investor accounts worlwide, has \n 7.2% of the market in the country and ranks 3rd in equity assets \n worlwide. It has presence in over 29 countries with over 50 offices. \n In India, the company has over 2 million shareholders and has 33 \n sales and services offices. India ranks fourth in the global \n distribution of assets. \n \n \n \n \n \n \n ",1]
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The Hyderabad campus will act primarily as a support center for Franklin Templeton's services company, Franklin Templeton International Services (India) Private Ltd (FTISPL), which is based in Hyderabad and its operations and technology groups in Franklin templeton's offices worldwide. Gradually, the company plans to move some of its asset management operations, under the Franklin Templeton Asset Management (India) Private Ltd, headquarted in Mumbai, to Hyderabad facility. "The Hyderabad campus will primarily focus on the off-shoring efforts, gradually the asset management operations will be shifted to Hyderabad," said Greg Johnson, president and CEO, Franklin Resources. Templeton with over $55.2 billion assets under management and over 17 million investor accounts worlwide, has 7.2% of the market in the country and ranks 3rd in equity assets worlwide. It has presence in over 29 countries with over 50 offices. In India, the company has over 2 million shareholders and has 33 sales and services offices. India ranks fourth in the global distribution of assets.