hyderabad financial services provider synchrony financial announced that it is planning to expand its operations in hyderabad and will be leasing out over 2 lakh sft office space in knowledge city synchrony financial which already has a presence in the city at ilabs is expected to occupy the new office by august 2017the hyderabad site currently supports the synchrony financial business by providing contact center solutions fraud investigation support process control monitoring as well as finance analytics and it supportcommenting on the development kurt grossheim executive vicepresident and chief operating officer synchrony financial said we have a roadmap for strategic expansion for our site here in hyderabad and this expansion supports our strategy we have tremendous talent in india especially hyderabad and are thankful for the support and strong relationship with the government of telangana state as we work through the expansionin april a top official of the company had announced that the company will be investing around 12 million towards expansion of its offshore centre in hyderabad by 2017between 201417 we plan to invest 20 million we have already invested 8 million and the rest will be invested by 2017 we are building additional capacity in our hyderabad operations synchrony financial chief executive officer margaret keane had saidthe company has a global headcount of 13000 of which 2500 people are working at its hyderabads offshore centre