Financial Tech Leader Planful Expands R&D Hub in Hyderabad

California headquartered financial performance management and technology company, Planful, has opened a new office in Hyderabad which would serve as an expanded Research and Development (R&D) hub and will accommodate a doubling of its headcount in the region.

Over the years, Planful has invested USD 50 million in India and plans to invest an additional USD 120 million over the next five years.

Grant Halloran, Planful CEO, stated, "Planful has a long history in Hyderabad, and we are proud to continue to invest in the region. Our new office as our global R&D center reaffirms our long-term commitment to Hyderabad, with its thriving IT ecosystem, and world-class talent pool. This expansion enables us to continue to innovate on our best-in-class financial performance solutions for our global customers."

Planful has invested significantly in India in the past five years. By the end of 2025, the company plans to have more than doubled the annual investment since 2020 and will continue to add employees across multiple departments including R&D, the customer support team, marketing, and G&A. Planful is a market leader in AI-enhanced financial performance management technologies and continues to set new standards of excellence for the industry.

In addition to R&D, the new Hyderabad office will also play a pivotal role in supporting Planful's global back-office operations. A celebration was held yesterday to inaugurate the new office and Planful executives, including Grant Halloran, Chief Executive Officer, Sanjay Vyas, Chief Technology Officer, Steve Welsh, Chief Product Officer, and Melissa Dreuth, Chief People Officer, were in attendance.

"Our investment in this new office underscores our belief in India's talent,” said Melissa Dreuth, Chief People Officer. “We already have an incredible team in Hyderabad and look forward to adding more exceptional talent as we grow our teams there and other parts of India in the coming years. We are committed to the success of our employees and to creating opportunities for their professional development, as we work to deliver impactful solutions for our customers.”- TWL Bureau