New Delhi: The US firm Morgan Stanley expands its footprint in the country by shifting its current 13-year-old India headquarters into a larger space in Mumbai from a premise owned by Blackstone Inc.
According to the reports, Morgan Stanley will shift into a space measuring about 86,000 square feet in an office block named Altimus Worli in central Mumbai from a 65,000 square feet space in Blackstone-owned One World Center, less than a mile away from it.
The shift into the space spread over two floors will be done next year. SoftBank Group Corp., Goldman Sachs Group Inc., and domestic lender Axis Bank Ltd. also have offices in the area.
The move to a larger office highlights Morgan Stanley’s plans for expansion in India, where it has been operating for about three decades. The bank is bullish on the nation’s prospects, with a May report from its research division saying the country has transformed in less than a decade, boosting its markets and economy.
