India’s BFSI sector is a critical focus for Check Point, given its vulnerability to cyber threats
Check Point Software Technologies Ltd. (NASDAQ: CHKP), a global leader in AI-powered and cloud-delivered cybersecurity solutions, has announced the opening of its third office in India, situated in Mumbai’s prestigious Bandra Kurla Complex (BKC). This move underscores the company’s commitment to addressing the increasing demand for advanced, prevention-first security solutions in the country.
This expansion follows the launch of Check Point’s second-largest global office in Bengaluru last year and reflects its strategy to strengthen its footprint in India. The Mumbai office, located in the heart of India’s financial hub, is designed to support the organisation’s rapid growth and enhance its ability to serve the Banking, Financial Services, and Insurance (BFSI) sector. The state-of-the-art facility houses over 50 workstations, advanced meeting rooms, and dedicated spaces for customer training and regional events, offering a significant upgrade from its previous location.
Focus On India’s Growing Cybersecurity Needs
India’s BFSI sector is a critical focus for Check Point, given its vulnerability to cyber threats. According to the Reserve Bank of India’s Financial Stability Report, the industry has endured over 20,000 cyberattacks in the last 20 years, resulting in losses of USD 20 billion. Check Point’s own Threat Intelligence Report indicates that BFSI organisations in India face an average of 3,284 cyberattacks per week, nearly double the global average of 1,843.
Ruma Balasubramanian, President for the Asia Pacific & Japan region at Check Point Software Technologies, highlighted the significance of the new office:
“India is a key market for us, both in terms of talent and market potential. Given the rapid pace of digitalisation and the constantly evolving cyber threat landscape in India, the region presents immense business growth opportunities. This office enables us to strengthen our presence, cultivate cybersecurity talent, and provide improved services to tackle the ever-changing threat landscape. By scaling our operations, we are committed to delivering exceptional value to our customers and partners.”
She added, “This expansion reflects our dedication to addressing India’s growing cybersecurity needs amid the rapid pace of digital transformation. Beyond delivering cutting-edge solutions, we aim to bridge the cybersecurity skills gap by empowering local talent through comprehensive training programmes, solidifying Check Point’s role as an enabler of digital innovation.”
Strategic Importance Of Mumbai Office
Sundar Balasubramanian, Managing Director for India and South Asia at Check Point, echoed the importance of the move:
“India is a vital market for us, and the opening of our Mumbai office underscores our commitment to accelerating and securing BFSI sector growth. With Mumbai at the heart of India’s financial industry, we are ideally positioned to deliver world-class security solutions and foster innovation in collaboration with our partners.”
Commitment To Growth & Collaboration
The new Mumbai office marks another step in Check Point’s growth trajectory in India. Alongside its robust partner ecosystem, the company continues to focus on strengthening its channel-driven approach. Its recently launched New Partner Program aims to maximise partners’ potential, driving growth and reinforcing the organisation’s commitment to collaboratively fortify the digital landscape.
As India’s digital transformation accelerates, Check Point Software’s expansion highlights its role as a key player in securing critical industries and fostering innovation in the region.