Gemini exchange taps veteran fintech exec in India expansion

Gemini India aims to increase its workforce by 42% before the end of 2023

article-image

Kandarp/Shutterstock, modified by Blockworks

share

Crypto exchange Gemini has appointed a head of operations for its Indian subsidiary following a $24 million investment to expand operations there.

Sachin Ranglani, who has extensive experience in the tech sector, joined as Vice President and India Head in September, according to his LinkedIn profile.

He previously worked as senior vice president of product management at Indian fintech Paytm for three years, and gained experience at Uber, Amazon and Infosys.

Gemini’s Asia Pacific CEO, Pravjit Tiwana, announced in September that the company’s engineering center in Gurgaon, situated near India’s capital Delhi, will have a major impact on fueling the company’s growth in the coming years.

The Gurgaon branch, currently employing over 70 individuals, anticipates increasing its staff to exceed 100 by the close of 2023, Tiwana told Financial News in an article published on Tuesday. 

He added that this figure is projected to reach 200 by the end of 2024.

The Gurgaon team is responsible for tasks related to compliance, data pipelines, warehousing, security, and payments. 

They are actively looking to add software engineers, technical product managers, people operations and talent acquisition staff, finance, support and compliance positions.

On its website, Gemini says: “we have deep respect and admiration for India’s tradition of engineering excellence and view India as a hotbed for bar-raising technology talent.”

“Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complements our existing offices in the United States, the United Kingdom, Ireland, and Singapore,” it added.

The company also said that its spot and derivatives crypto trading products are ready to serve both retail and institutional customers in India.

Gemini’s entry into the Indian market aligns with its expansion strategy in Singapore, where it aims to grow its workforce to over 100 employees by next year.

“We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini,” Gemini has said.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /