JP Morgan has announced the development of Asia’s largest Global Capability Centre (GCC) in Powai, Mumbai, spanning across 2 million sq ft designed to accommodate 30,000 professionals. This move further reinforces India’s role in outsourced financial and tech services.
JP Morgan plans to become the sole occupant of its upcoming 2 million sq ft Global Capability Centre in Mumbai’s Powai region. The centre, designed to handle operations for 30,000 employees, is structured to consolidate various back-office and technology support roles under one facility.
Scheduled for phased completion by 2029, the site will be purpose-built, integrating sustainable features and smart office infrastructure.
The facility aims to improve operational efficiency and reduce costs across banking, analytics, and technology domains, while catering to clients across global time zones.
It also reflects a shift in how GCCs evolve into centres for agility, innovation, and high-end services rather than low-cost task execution.
Powai in Mumbai has gained popularity due to its proximity to key financial hubs and availability of skilled talent from nearby institutes.
JP Morgan's decision to develop a build-to-suit complex in Powai as a single tenant offers scope to craft custom technology environments and modern amenities for employees. The expansion coincides with an increased focus on India for GCC investments in the BFSI sector.
Read More: Brookfield Commits $1 Billion to Develop Global Capability Centre in Mumbai's Powai!
Alongside Mumbai, JP Morgan has also leased 1,76,000 sq ft in Hyderabad, underlining the firm’s ongoing expansion across major Indian cities.
This indicates a commitment to leveraging India's talent base in financial services and digital infrastructure for broader operational purposes across global markets.
JP Morgan’s upcoming GCC project in Powai reinforces India’s position within global financial services outsourcing. With space for 30,000 professionals, it reflects evolving trends in how multinationals are scaling innovation and tech capabilities through Indian talent hubs.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 18, 2025, 1:43 PM IST
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