Gemini Chooses Fintech Boss to Lead $24M Expansion in India

Gemini Crypto Exchange Picks Ex-Fintech Payment Firm VP to Lead India Expansion

10 October 2023 10:00 UTC

Sachin Ranglani, former Paytm executive, to lead Gemini's expansion in India, overseeing an 80-strong team.
Despite India's stringent crypto taxation policies, Gemini plans to increase its Indian team to nearly 200 by 2024.
Gemini's expansion aligns with its strategy to navigate US regulatory scrutiny, leveraging the "Startup India" initiative.

In a push to solidify its global footprint, Gemini, a leading crypto exchange, has enlisted the expertise of former Paytm Vice President Sachin Ranglani to spearhead its expansion in India.

This comes on the heels of a $24 million investment plan to bolster operations in the country’s tech hub, Gurgaon.

Gemini Presses on in India Despite Rocky Regulations

Ranglani, an experienced fintech executive, served for three years as Paytm’s senior vice president of product management. He now takes the reins of Gemini’s India operations, overseeing a team of around 80 staff.

Pravjit Tiwana, Gemini’s global chief technology officer, announced plans to increase this headcount to over 100 by the end of 2023, with an ambitious target of nearly 200 by 2024. Tiwana praised the caliber of tech talent in India, stating,

Making Footholds in the East

Gemini’s expansion into India is reflective of a broader trend among crypto firms. In March 2021, Coinbase opened its office in India and began hiring engineering staff. Meanwhile, BitGo, a California-based crypto custodian, is hiring for nearly a dozen roles for its Bengaluru office.

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In addition to its India operations, Gemini is also focusing on building its business team in Singapore. The company plans to bolster its Singapore team to around 100, further diversifying its global presence.

This move aligns with Gemini’s strategy to navigate the increasing scrutiny from US regulators and the challenges posed by the bankruptcy of Genesis.

Despite setbacks, Gemini remains optimistic about its growth prospects. The company’s leadership believes that the “Startup India” initiative, a government program aimed at fostering entrepreneurship and technological development, will aid Gemini’s expansion.

As Gemini continues to expand its global operations, its commitment to investing in talent and technology underscores its ambition to become a crypto exchange market leader.

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