JPMorgan Chase Plans Asia’s Largest Global Capability Centre in Mumbai, Up to 30,000 Jobs Expected

JPMorgan Chase is planning to build Asia’s largest global capability centre (GCC) in Mumbai, a move that could eventually support a workforce of up to 30,000 employees and significantly expand the bank’s presence in India.

The proposed facility will be a single-user campus spanning around two million square feet in Powai. The development is expected to be executed in phases, with completion targeted by 2029.

The planned GCC highlights India’s growing importance in JPMorgan Chase’s global talent and operations strategy. The centre is expected to house teams working across technology, operations, data, risk management, analytics, finance and other corporate functions that support the bank’s global businesses. Roles are likely to span software engineering, digital platforms, cybersecurity, data science and financial operations.

By bringing large teams together at scale, the Powai campus is expected to enable greater cross-functional collaboration and provide employees with long-term career pathways within the organisation. As a dedicated campus, it will allow the bank to design employee-focused workspaces, technology labs, learning centres and wellness facilities suited to a large and diverse workforce.

The development follows recent expansion activity by JPMorgan Chase in India. The bank has leased additional office space in Hyderabad and continues to grow teams in Mumbai and Bengaluru, reflecting sustained demand for skilled professionals across functions.

Workplace experts note that large GCC campuses are increasingly reshaping employment in India’s financial services sector by offering global exposure, skill mobility and leadership opportunities for local talent. Powai’s established infrastructure, connectivity and proximity to educational institutions are also seen as key advantages for employees.

The upcoming campus is expected to incorporate sustainability-led design and smart office technologies, aligning with evolving expectations around flexible and future-ready workplaces.

As multinational banks deepen their reliance on India-based teams, JPMorgan Chase’s proposed Mumbai GCC underlines how global capability centres are evolving into long-term employment hubs rather than traditional back-office operations.

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