JPMorgan Chase to build Asia’s largest Global Capability Centre in Mumbai

JPMorgan Chase announces plans for a 2-million-square-foot Global Capability Centre in Powai, Mumbai, designed to accommodate 30,000 employees, reinforcing India’s position as a key hub for financial services, back-office operations, and talent-driven growth.

JPMorgan Chase is set to establish Asia’s largest Global Capability Centre (GCC) in Powai, Mumbai, covering 2 million square feet as a single-user facility and accommodating up to 30,000 employees. The move highlights the company’s aggressive expansion into India, leveraging the country’s skilled workforce in business and financial services (BFSI).

This announcement follows a series of strategic real estate acquisitions and leasing activities, positioning JPMorgan as a leading investor in India’s growing GCC ecosystem. The facility reflects the bank’s confidence in India’s ability to deliver operational efficiencies and cost-effective back-office and analytics functions. A recent lease for an additional 176,000 square feet in Hyderabad underscores this commitment.

Strategic location and design

The Powai site offers proximity to Mumbai’s major financial districts and benefits from excellent infrastructure and nearby educational institutions, ensuring access to a deep talent pool. As the sole tenant, JPMorgan will have the flexibility to customise the facility, incorporating creative workspaces, high-tech labs, and employee amenity programs that support global operations across all time zones.

The centre will be developed in phases, with completion expected by 2029, minimising disruptions while incorporating sustainable features such as green building certifications and smart office technologies. This phased approach ensures operational continuity while setting new benchmarks for GCC development in Asia.

Serving global clients and setting standards

The Powai GCC aims to consolidate and scale JPMorgan’s operations, enabling the firm to provide enhanced services to its global clients. With a 30,000-person capacity, the facility will be significantly larger than any previous GCC, establishing a new standard for corporate operations in the region. The investment underscores India’s rising importance as a hub for global financial services, innovation, and talent.

JPMorgan’s move also reflects a broader trend of multinational companies expanding their presence in India, reinforcing the country’s reputation as a premier destination for large-scale, technology-driven business operations.