Blackrock's Expansion in India: Plans to Hire 1,200 for AI Hubs
Blackrock, the world's largest asset manager, is expanding its operations in India by hiring nearly 1,200 employees to support its iHubs in Mumbai and Gurugram. According to Bloomberg News sources, the expansion aims to bolster Blackrock's artificial intelligence (AI) capabilities in the country.
The iHubs currently employ approximately 2,300 individuals and will increase their headcount to 3,500 with the new hires. These new recruits will primarily be engineers and data experts, adding to the company's existing team in India.
Furthermore, Blackrock is acquiring data provider Preqin, which includes a global capabilities center in Bengaluru. This center will contribute an additional 1,500 employees to Blackrock's Indian operations.
Blackrock's investment in India aligns with the country's growing tech talent pool and its position as a hub for AI development. By expanding its presence in India, Blackrock seeks to leverage these advantages and enhance its AI capabilities globally.