H&R Block to set up GTC at Technopark

US multinational and global consumer tax services company, H&R Block is all set to open its India Global Technology Centre (GTC) at Technopark, Trivandrum. The company is based in the Kansas City and has revenues over $3 billion and has prepared more than 720 million tax returns since inception in 1955. It also has operations in countries like Canada and Australia, with more than 12,000 worldwide retail tax offices.

The Technopark office will be H&R Block’s first global technology centre in the country, says Technopark CEO, Mr.Hrishikesh Nair. In its intial stage, the company will provide IT and IT-enabled services and host around 300 employees. Later the office is likely to expand the head count to over 1,000 in a couple of year.

H&R Block will be first US multinational to come to Technopark after Oracle in 2012. It is expected that the Senior officials of H&R Block will visit Thiruvananthapuram this month to sign an MoU.

“We have allotted 27,000 sq ft space in Technopark Phase 3 for H&R Block. The company is expected to start work immediately,” Hrishikesh Nair said.

This is the latest initiative by the Technopark and the state government with the purpose of developing the capital city as a hub for future technologies such as Blockchain, artificial intelligence, cyber security, and fintech. The concept of a ‘Knowledge City’ is also being pursued within the larger Technocity.