Dubai based Equiti Group has opened a technology hub in Bengaluru, adding an India engineering base to its Middle East brokerage business.
The site will handle work across engineering, data, artificial intelligence, cybersecurity and cloud systems.
The hub is for hiring engineers, not serving Indian traders. Contracts for difference occupy a legal grey zone in India, where currency control rules make it effectively off limits for offshore brokers to take on local retail clients. Equiti is treating India as a source of talent rather than customers.
The company said Bengaluru gives it access to the city’s engineers, startups and research institutions, and described the project as part of building AI powered technology to widen access to wealth.
Sartaj Singh, Chief Technology Officer at Equiti, said, “Bangalore played an important role in my early training and professional development.” Singh was promoted to CTO in July 2025 with a brief to fold AI and automation into the group’s platforms.
Akshit Jain, Managing Director for India and Group Head of Development for Client Platforms, said, “Bangalore gives us access to one of the strongest technology talent pools.”
Equiti did not disclose a headcount target, an investment figure or a timeline for the hub.
Other foreign brokers have made similar moves. Axi, the Australia based FX and CFD broker, set up a technology and product centre in Bengaluru with a team of about 30 under a regional head of engineering.
Equiti entered digital payments through its acquisition of Cloud Invest and recently hired a former Meta engineer to lead data and AI work. The group holds licences in the United Kingdom, the United Arab Emirates and Cyprus, among other jurisdictions, and runs brokerage, payments and asset management arms across Africa, Asia, Europe and the Middle East.
Source: Global Capability Centres (GCCs)
