An Indian tech company is to create 1,000 UK jobs and a £25 million nearshore development centre outside London.

Mphasis is expanding its UK footprint and aims to provide upskilling and training in digital transformation focused on the banking and insurance industries. 

The cloud and cognitive services specialist says it has the capability to scale and cater to customers even beyond the UK, thus potentially creating a much larger opportunity in the job market. 

The firm applies next-generation technology to help enterprises transform businesses globally. It says by ‘shrinking the core’ – through the application of digital technologies across legacy environments within an enterprise – it can enable businesses to stay ahead in a changing world.  

UK Prime Minister Boris Johnson said: “Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries.  

I’m very pleased that Mphasis has decided to join the legions of Indian companies investing in the UK, boosting our tech sector, and driving economic growth.” 

 Nitin Rakesh, CEO and Executive Director at Mphasis, said it was replicating a successful model. 

“Having successfully executed at least half a dozen similar transformational partnerships in the banking and insurance industry, we are confident of building for the future and ensuring a client-first approach,” he said.  

I am excited to elevate our presence in the UK to support future growth, improve operating agility, flexibility and harness local capabilities towards bolstering our offerings over the long term.”