Leading global cryptocurrency exchange Gemini has made significant strides in its Indian expansion strategy with the appointment of Sachin Ranglani as the head of operations for its Indian subsidiary. Ranglani, previously a senior vice-president of product management at fintech giant Paytm, brings a wealth of experience from his tenure at Paytm, as well as his time at tech companies like Uber, Amazon, and Infosys.
This strategic move by Gemini is in line with its plans to expand its engineering center in India’s Gurgaon city, near the national capital, Delhi. The company’s global chief technology officer, Pravjit Tiwana, has emphasized the crucial role that the Indian engineering center will play in driving Gemini’s growth in the coming years.
The Expansion Plan
Gemini’s entry into the Indian market comes after a $24 million investment aimed at strengthening its presence and operations in the country. With Ranglani leading the Indian subsidiary, Gemini is well-positioned to make significant strides in the Indian cryptocurrency space.
The Gurgaon branch of Gemini, which currently employs over 70 professionals, is set to expand further with plans to have over 100 staff members by the end of 2023 and 200 staff members by the end of 2024, according to Tiwana. To support this growth, Gemini is actively hiring for various roles, including software engineers, technical product managers, and finance, support, and compliance positions.
The Role of Sachin Ranglani
In his role as head of operations, Ranglani will oversee the execution of Gemini’s go-to-market strategy, establish crucial relationships with stakeholders, and drive user growth in India. The Gurgaon team will play a vital role in compliance, data pipelines, security, and payments.
Gemini’s commitment to the Indian cryptocurrency market is further underscored by the company’s plans to invest INR 200 crore (approximately $24 million) in the Indian market over the next two years. Although the exchange is not launching its products in India at this time, it is closely monitoring the regulatory landscape in the country. Gemini believes that India will play a pivotal role in creating an innovative ecosystem for the broader Web3 and crypto communities.
With Ranglani’s extensive experience in developing and launching new products and features for Paytm’s vast user base, Gemini is confident in his ability to lead the Gurgaon office and contribute significantly to the company’s global engineering, design, and operations.
Gemini’s investment in its India engineering center demonstrates the company’s commitment to innovation and growth, as it strives to become the world’s most trusted and reliable cryptocurrency exchange.
