UK-based Tide plans to invest ₹3,100 crore in India in next four years

UK-based business financial platform Tide plans to invest around 250 million pounds (about Rs 3,100 crore) in India by the end of 2030 to scale up operations and technology centres supporting its global business. The company plans to ramp up investment up to 500 million pounds in the longer term. India will remain an important part of its global operations, with investments focused on strengthening its operations and technology centres that support its businesses in the UK and Europe, Tide said in a statement. Tide employs around 800 people at its centre of excellence in Hyderabad across functions such as member support, product and engineering. The Hyderabad centre accounts for nearly one-third of the company's total workforce and drives its core operations, engineering and product innovation, it said, adding that the company also intends to advance its operations centre in Delhi, which supports its UK and European businesses. However, it said, following a detailed strategic revi