JP Morgan Building Asia’s Biggest GCC In Mumbai: 20 Lakh Sq Feet Space For 30,000 Employees

Asia’s largest global capability centre (GCC) is planned to be built in the Powai area of Mumbai, occupying a total area of 2 million square feet as a single user and designed for 30,000 employees as announced by the JPMorgan Chase.

J P Morgan Aggressively Expanding In India 

With this initiative, you can predict JPMorgan’s

 aggressive expansion into India and it will also take advantage of India’s available skilled workforce for business and financial services (BFSI). 

Besides this, the GCC development also  follows other recent leasing activities which is placing this financial services provider as a leader in multi-national investment into India’s growing GCC ecosystem.

Although, here the question arises on the impact of  this large GCC facility on the commercial property market in Mumbai and also on India’s status as a global services hub.

This is not done in one night as JP Morgan has increased its activity in India by acquiring commercial real estate, making it one of the most active participants within the BFSI industry over the course of the past several years.

Basically, this expansion is a testament to JP Morgan’s belief in India’s capability of providing both operational efficiencies and lower costs associated with back-office tech and analytics functions which is also represented in a recently executed lease for an additional 176,000 square feet in Hyderabad.

Providing Best Services To Its Clients

In the meantime, JP Morgan’s Powai Global Capability Centre (GCC) has consolidated and scaled its business operations so that the company can provide the best service to its global clients.

Also, the selection of Powai location appears to be timed with Mumbai’s growing reputation as a destination for Global Capability Centres.

This location is adjacent to some of the most important financial districts, as well as its abundance of infrastructure and deep talent pools created by institutions of higher education located nearby.

In addition to this, the financial services provider will be able to take full advantage of being the sole tenant at the site by locating its back-office operations within Powai.

It would further allow the company to develop custom spaces for creating creative working environments and high-tech labs.

They would also be creating an employee amenity program that supports the continuation of their services across all time zones.

It is noteworthy here that the 30,000-person capacity facility will be significantly larger than any of its predecessors, hence setting new standards for GCC Asia ambitions. 

The company would be completing the facility in 2029 as they will be able to construct it in phases.

This would also reduce any potential disruptions while supporting sustainability by providing cutting-edge sustainable features such as green building certification and developing technology throughout our offices (i.e., “smart” Office Technology).

The post JP Morgan Building Asia’s Biggest GCC In Mumbai: 20 Lakh Sq Feet Space For 30,000 Employees appeared first on Read – Indian Business of Tech, Mobile & Startups.