JPMorgan Chase provides corporate and investment banking in India through bank branches and local subsidiaries. India is also home to its corporate centres, which run technology, operations, compliance and HR work for the global firm and employ about a fifth of its total workforce.
Ownership and structure
JPMorgan Chase operates in India through branches of JPMorgan Chase Bank N.A. and subsidiaries including J.P. Morgan India Private Limited, along with its corporate centres.
What India does for JPMorgan Chase
India is a corporate banking market for JPMorgan Chase and its largest corporate centre base, with about 55,000 employees in technology, operations and other functions in 2024.
JPMorgan Chase's India business
Its physical presence in India dates to 1945, when Chase National Bank opened a representative office in Mumbai. The bank has branches in Mumbai, New Delhi, Devanahalli and Paranur.
It launched an international banking unit at GIFT IFSC in 2022. The firm had about 55,000 employees in India in 2024 across Bengaluru, Mumbai, Hyderabad, Noida and Pune.
Key moves in India
- 1945: Chase National Bank opened a representative office in Mumbai.
- 2002: The firm set up its Mumbai global service centre.
- 2011: The Hyderabad global service centre opened.
- 2016: Branches opened in New Delhi, Devanahalli and Paranur.
- 2021: The Hyderabad campus opened as the firm's largest in Asia Pacific.
- 2022: The bank launched an international banking unit at GIFT IFSC.
- 2024: The firm had about 55,000 employees across five Indian cities.
Where it operates
JPMorgan Chase runs its India business from Mumbai. It also has a presence in Bengaluru, Hyderabad, Noida, Pune, New Delhi and GIFT City.
At a glance
- Home country: United States
- Global headquarters: New York
- Sector: Banking & Financial Services
- Business: Banking
- Role of India: Sales market, Global delivery and operations, R&D and engineering hub
- India entity: JPMorgan Chase Bank N.A., India
- India head office: Mumbai
- India offices: Mumbai, Bengaluru, Hyderabad, Noida, Pune, New Delhi, GIFT City
- India headcount: 55,000+ (2026)
- In India since: 1945
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