Oaktree Capital Management has expanded its India footprint with a new office in Hyderabad’s HITEC City. This move reinforces its commitment to the region and aims to tap into the city’s skilled workforce.

Co-Chairman Howard Marks highlighted Hyderabad’s dynamic business environment and Oaktree’s focus on operational excellence. The firm has appointed Ajay Maddali as Human Resources Director for Hyderabad to shape its local HR strategy.

Oaktree has invested over US$4 billion in Indian private credit since 2018. The Hyderabad office is its second in India after Mumbai, which opened in 2023. The firm operates in 24 cities globally, including nine in the Asia-Pacific region.