Mumbai is where global banks build their India capability centres. Powai is now home to two of the largest GCC projects in Asia, and Maharashtra’s policy pays companies to hire there.
Last updated: 16 October 2026
~5 mn sq ftGCC office leasing, 2022 to H1 2026
No. 1City for BFSI GCC leasing
40%Salary support above ₹1 lakh in the MMR zone
30,000Jobs planned at JPMorgan’s Powai campus
Where Mumbai stands
Mumbai takes a smaller slice of India’s overall GCC leasing than Bengaluru or Hyderabad, but it leads for banking and financial services centres thanks to its deep financial ecosystem. Under Maharashtra’s GCC Policy 2025, centres in the Mumbai Metropolitan Region can claim 40% of salary costs above ₹1 lakh for three years.
Policy backdrop
Incentives, targets and the latest announcements from Maharashtra.
Tracked in Mumbai in 2026
| Company | Sector | Status | Date |
|---|---|---|---|
| Fuel Cycle | Technology and Internet | Operational | Sep 2026 |
| BMS | Banking and Financial Services | Operational | Jun 2026 |
| EisnerAmper | Banking and Financial Services | Expansion | May 2026 |
From our India GCC Tracker. Click a company for its full profile.
Our Mumbai GCC coverage
- JPMorgan Chase Plans Asia’s Largest GCC in Mumbai’s Powai, Targeting 30,000 Employees by 2029
- Brookfield to Build Asia’s Largest GCC Campus in Mumbai’s Powai for $1 Billion
