New Delhi: BlackRock, the world’s biggest asset management company, is planning to grow its team in India by hiring around 1,200 new employees. This hiring spree is mainly for its support hubs, called iHubs, in Mumbai and Gurugram. The main goal of this expansion is to strengthen BlackRock’s work in artificial intelligence (AI), especially by bringing in more engineers and data experts.
Cuwkforce in Mumbai and Gurugram stands at around 2,300. With the planned additionhe total headcount in these two cities will increase to approximately 3,500. This strategic move undersc BlackRock’s commitment to leveraging India’s growing talent pool in technology and data science to drive innovation and efficiency in its global operations.
In addition to the expansioo is poised to acquire a global capabilities center in Bengaluru through its proposed acquisition of data provider Preqin. This center is expected to house about 1,500 staffbers, further strengthening BlackRock’s presence in India’s technology sector.
The decision to scale up operations in India alignar strategy to integrate advanced AI and data analytics into its services. By tapping into India’s vast pool of skilled professionals, the firm aimsenhance its technological infrastructure and maintain a competitive edge in the asset management industry.
This expansion reflects a growing trend among global financial institutio tential as a hub for technology and innovation. BlackRock’s increased investment in the country not only highlights the importance of the Indianket but also underscores the nation’s role in the future of global financial services.
As the company integrates these new resources, it is expected that BlackRock will continue to denedge AI solutions, thereby enhancing its service offerings and operational efficiency. This move is anticipated to create significant opportunities for professionals in India’s tech industry, further solidig the country’s position as a key player in the global technology landscape.
In summary, BlackRock’s plan to hire 1,200 additional employees in India, along with the acquisition of Preqin’s Bengalbantial commitment to expanding its technological and data-driven capabilities. This strategic initiative not only aims to strengthen the firm’s global operations but also positions India as a central hub in BlackRock’s future growth trajectory.
