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J.P. Morgan to build Asia’s largest global capability center in India
J.P. Morgan plans a 2 million-square-foot campus in Mumbai, making India central to its global operations.
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Rwittika Chakraborty
- Wed, 17, Dec 2025
- 01:35 EST
- 9
American banking giant J.P. Morgan / via jpmorgan.com/global
American banking giant J.P. Morgan is set to establish Asia’s largest global capability center (GCC) in India, with a major new campus planned in Powai, Mumbai.
The 2 million-square-foot facility, scheduled for completion by 2029, will be capable of housing up to 30,000 employees. The project signals J.P. Morgan’s intent to make India a nerve center of its global operations.
The expansion follows the bank’s rapid real estate growth in the country. Over the past two years, J.P. Morgan has leased nearly 1 million square feet across Mumbai, Bengaluru and Hyderabad, ranking it among the most active space absorbers in India’s banking, financial services and insurance sector.
J.P. Morgan’s footprint in India is already substantial. In 2018, the bank leased about 1.6 million square feet at Embassy Tech Village in Bengaluru. It has also taken around 0.94 million square feet in Hyderabad’s Knowledge City and an additional 0.5 million square feet from Salarpuria Sattva.
More recently, the bank leased a 176,000-square-foot facility in Hyderabad under a nine-year agreement valued at more than ₹250 crore annually.
With offices in Bengaluru, Hyderabad, Mumbai and the National Capital Region, J.P. Morgan employs about 55,000 people in India. The expansion underscores India’s growing dominance as a global GCC hub, driven by deep talent pools and large-scale commercial real estate capacity.
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