StoneX Group is expanding its services in India with
International Bullion Exchange (IIBX) membership and the opening of new offices
in the region. According to a report by the firm, StoneX has
experienced significant growth since its entry into the Indian market in 2019,
now reportedly employing over 550 staff in the country as part of a global
workforce exceeding 4,300 employees.

Expansion in India

Commenting about the expansion plan, Greg Kallinikos,
APAC CEO at StoneX, said: “India has consistently been at the forefront of
technological innovation across various sectors, making it a natural choice for
expanding our technology and support operations.”

“The robust talent pool in the financial services
sector has been another point of attraction in establishing our Global
Capability Centres in Bangalore and Pune.”

Besides its expansion in Pune and Bengaluru, StoneX
highlighted its contribution to the Gujarat International Finance Tec-City
(GIFT City). The firm commenced operations in June 2024 and focuses on trading
precious metals.

Expect ongoing updates as this story evolves.