Athira Sethu
Kochi, 5 Feb 2025
According to Bloomberg News, the world’s largest asset manager, BlackRock, is to hire nearly 1,200 new employees for its two support hubs in India. The firm aims to boost its artificial intelligence capabilities by growing its workforce in the country.
These support centers-iHubs-come in addition to the organization’s existing infrastructures in such cities as the financial center Mumbai and Gurugram, that is, almost near the country’s capital of New Delhi. The newly recruited employees will place the total number of people working in the two cities at over 3,500. Data experts and mostly engineers will populate the new intake.
Apart from the iHubs, BlackRock will be acquiring a global capabilities center in Bengaluru, India’s main IT hub, as part of its deal to purchase data provider Preqin. This center will add around 1,500 more employees to BlackRock’s workforce.
So far, BlackRock has not reacted to the latest developments, but the moves highlight the company’s increased interest in strengthening its AI and data-based operations in India. The firm is expanding its base in India as part of a global effort to build deeper, more developed technology capabilities around the world.
