BlackRock, the world’s largest asset manager, is set to hire around 1,200 people in India as part of its expansion plans. The company is strengthening its support hubs in Mumbai and Gurugram while also boosting its artificial intelligence and data capabilities.
Additionally, BlackRock is acquiring a global capabilities center in Bengaluru with 1,500 employees through its planned purchase of data firm Preqin. This move will increase its total workforce in India by nearly a third, adding to the existing 3,500 employees in Mumbai and Gurugram.
The hiring spree will focus on engineers, data analysts, and AI specialists, reinforcing India’s growing role as a hub for global financial and tech services. BlackRock has also secured additional office space in Mumbai’s Goregaon area for future growth.
India has become a major destination for global capability centers (GCCs), with financial giants like JPMorgan, HSBC, and Goldman Sachs investing heavily in the sector. The market is expected to reach $110 billion by 2030, employing over 4.5 million professionals.
With this expansion, BlackRock aims to enhance its investment research, risk management, financial engineering, and AI-driven solutions, making India a key part of its global operations.