India Has Second-Largest Workforce For Citi, Says Ashu Khullar As per reports, Citi is hiring around 5000 people every year for its service centre in India, including sophisticated artificial intelligence and machine learning jobs

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Citi Twitter handle

Citi India CEO Ashu Khullar said that India has the second largest workforce for Citi after it exits consumer business in Mexico, according to a report by TOI.

"It may seem counterintuitive when we are selling our consumer business, but the reality is that despite the sale, which is strategic global decision, India is the front and centre of Citi's strategy. After the sale of consumer business in Mexico, it will be the second-largest employee force, and in terms of revenues, globally, it is a very meaningful franchise for us," said Khullar in a statement.

Citi is hiring around 5000 people every year for its service centre in India, including sophisticated artificial intelligence and machine learning jobs. As per Kullar's words, "Among foreign banks, we have the widest breadth and depth of products in institutional banking. We have a 30 per cent share of MNCs in India and a similar 30 per cent in custody flows. We have an 8 per cent share of India's trade volumes, 40 per cent of India's unicorn banks with us, and we do around 4.5 per cent electronic payments."

"We will significantly investing in the India business to further support clients. It will go into building our transaction services business, working capital and on our technology platform to be able to process large volumes of transactions," added Khullar.

While mentioning that Citi's focus is on institutional business, Khullar said that, "If you look around the world, I don't think you will find any global bank in the consumer or retail banking segment with a material market share in a non-home market. The return on capital is far better if we focus on institutional clients rather than take on local banks in retail banking on their hometurf."

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Over 1,300 Google Employees Have Signed a New Petition Asking For Job Security

Google laid off thousands of employees in the past two years, which has left some employees feeling insecure about keeping their jobs.

Marketing

5 Steps to Make Winning Marketing Bets

The best laid marketing plans still involve a ton of risk. Here's how to make sure that risk is worth it.

News and Trends

CHK, Shoppin, and Gallabox Secure Early-Stage Funding to Fuel Growth

Below are the Indian startups that have disclosed their recent investment rounds.

News and Trends

One Point One Solutions to Acquire Business Process Consulting and Management Firm for INR 261 Cr

This acquisition aims to bolster One Point One's service offerings, particularly in the growing healthcare and financial services sectors.