D. E. Shaw India marked 30 years of operations in India on October 8, 2026, and announced a new office at Grava Business Park in Neopolis, Hyderabad. The company says the workspace will exceed 600,000 square feet and is expected to open in 2027. As of October 9, 2026, the office is a plan, not an operating site.
What D. E. Shaw India announced
The announcement came in a company release dated October 8, 2026. It tied two items together: the firm’s three decades in India and a new workplace in Hyderabad’s Neopolis area. The release describes the Neopolis location as Grava Business Park. Business Standard carried the item as a VMPL/ANI press release and noted that no Business Standard journalist was involved in producing it, so the details below are the company’s own statements rather than independent reporting.
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Scale and timing of the Neopolis office
The company states two specific parameters for the new space:
- Size: more than 600,000 square feet, per the company’s October 8, 2026 announcement.
- Timing: expected to open in 2027. This is a stated expectation. No later confirmation of an opening date appeared in the announcement.
The release does not state how many employees the Neopolis office is designed to hold, which teams will move there, or whether existing Hyderabad staff will relocate. Readers should not infer headcount from the square footage. The square footage is a company figure for the planned building, and it is not a measure of current or future staffing.
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How the Hyderabad footprint has grown
Hyderabad is where D. E. Shaw India began, according to the company. The table below lists the dated milestones it has published, with the type of claim each one represents. The figures for the 2022 and 2023 offices are historical statements made at the time of those announcements; the announcement does not update them.
| Date | Office or milestone | Figures stated | Status as described by the company |
|---|---|---|---|
| 1996 | First Hyderabad office | Not stated | Opened, per the company’s own history |
| Sept. 20, 2022 | Additional Hyderabad office in the Ivy building, adjacent to the Jubilee Hills office (2022 release) | Space for more than 400 employees, with planned expansion for 200 more | Described as an addition in 2022; current occupancy not stated |
| Apr. 18, 2023 | Bengaluru office (2023 release) | More than 150 employees at opening | Opened, per the 2023 release |
| Apr. 18, 2023 | Gurugram office (2023 release) | More than 150 employees at opening | Opened, per the 2023 release |
| Oct. 8, 2026 | Neopolis office, Grava Business Park (2026 release) | More than 600,000 square feet | Planned; expected to open in 2027 |
The 2023 release also said that most of India’s staff continued to work in Hyderabad at that time. The company did not repeat that staffing split in the 2026 announcement, so the current distribution of staff across cities is not stated.
Who spoke at the anniversary event
The release places the anniversary event at the firm’s Jubilee Hills office. Three speakers are quoted. Each quote is the company’s wording and is attributed to the release.
Eddie Fishman, Managing Director and Executive Committee member, D. E. Shaw group
“Investing and technology have changed dramatically in 30 years, and the rigor and skills our D. E. Shaw India colleagues bring to the firm have helped us remain at the forefront.”
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D. Sridhar Babu, Telangana Minister for Information Technology, Electronics & Communications, Industries & Commerce
The release identifies Babu by this title. “My congratulations to D. E. Shaw India on thirty years in Hyderabad.”
Chaitanya Gorrepati, Managing Director and D. E. Shaw India Operating Committee member
“Hyderabad is where D. E. Shaw India began, and 30 years on, it remains central to our story.”
A 2022 statement from Fishman, then identified as a member of the group’s Executive Committee, about the Ivy building office reads: “This new space underscores our continued investment in Hyderabad as a hub of innovation and top talent.” That line describes the 2022 expansion and does not refer to Neopolis.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Which address is which
Two addresses in Hyderabad are relevant, and they are not the same place. The group’s contact page lists D. E. Shaw India at Plot No. 573, B & C, Road No. 1, Jubilee Hills, Hyderabad 500 096. That page does not identify this as the Neopolis project address. The anniversary event was held at the Jubilee Hills office. The Neopolis building at Grava Business Park is a separate, planned site, so visitors and job seekers should not treat the Jubilee Hills address as the new office.
Reading the company’s figures
The announcement includes several large numbers. Each one carries a different kind of claim, and they should be read that way:
- More than $115 billion in investment and committed capital is the group’s own figure as of September 1, 2026, cited in the 2026 release. It is not a statement of assets under management, and it is not an independently verified statistic.
- More than 600,000 square feet describes a planned building. It is not a completed or occupied space.
- More than 150 employees in Bengaluru and Gurugram refers to headcount at opening in 2023, not to current headcount.
- More than 400 employees refers to space in the Ivy building as described in 2022, not to the Neopolis facility.
No independent published statistic about the Neopolis announcement was identified. Anyone citing these numbers should attribute them to D. E. Shaw India or the D. E. Shaw group and keep the date attached.
What to watch before drawing conclusions
For a reader following the firm as a potential employer, a business partner, or part of Hyderabad’s technology labor market, the announcement establishes intent and a target year. It does not establish the office’s opening, its capacity, or its hiring plans. The useful next checkpoints are the company’s own confirmation of an opening date, any statement of which teams will occupy the Neopolis space, and any update on the current staffing split between Hyderabad and the company’s other India offices.
The company’s history also shows a pattern worth tracking: earlier Hyderabad expansions were announced with stated capacity figures, and later offices in Bengaluru and Gurugram were announced with opening headcounts. If the Neopolis release follows that pattern, a similar capacity or headcount statement may appear closer to the opening.
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