BlackRock plans to hire 1,200 people in India ramp-up

SECTIONS

ReutersLast Updated: Feb 05, 2025, 05:12:00 PM IST

Font Size

Save

Comment

Synopsis

Blackrock is planning to expand its support hubs in Mumbai and Gurugram by hiring nearly 1,200 new employees to enhance its artificial intelligence capabilities. This will increase the headcount to about 3,500. Additionally, through a proposed acquisition of data provider Preqin, Blackrock will inherit a global capabilities center in Bengaluru with around 1,500 staff members.

BlackRock picks up 1.65 lakh sq ft office in Mumbai’s Goregaon to set up GCC

BlackRock plans to hire nearly 1,200 people to expand its two support hubs in India, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Budget with ET

Tax calculator

The world's largest asset manager wants to build out its artificial intelligence (AI) capabilities in India with the expansion, the report added.

The iHubs, as the centers are known, are in the country's financial hub Mumbai and in Gurugram, which is near the national capital New Delhi.

The new hires will add to the existing employee count of roughly 3,500 in the two cities and include more engineers and data experts, according to the report.

BlackRock is also inheriting a so-called global capabilities center in India's IT hub of Bengaluru through its proposed deal to acquire data provider Preqin, Bloomberg reported.