Mizuho Bank provides corporate banking to more than 1,000 companies in India through a network of branches led from Mumbai. It has been present in the country for over 25 years.
Ownership and structure
Mizuho operates in India through branches of Mizuho Bank, Ltd. and an IFSC Banking Unit in GIFT City, alongside Mizuho Global Services India.
What India does for Mizuho
India is a corporate banking market for Mizuho, which serves more than 1,000 companies there, and a base for back office and global service operations.
Mizuho's India business
Mizuho runs five branches in Mumbai, New Delhi and Gurugram, Chennai, Bengaluru and Ahmedabad. The bank also operates an IFSC Banking Unit in GIFT City.
In 2022 it opened an office in Navi Mumbai to host part of its back office operations. It employs over 400 staff in India.
Key moves in India
- 2013: Mizuho opened its Chennai branch in November, its fourth in India after Mumbai, New Delhi and Bengaluru.
- 2015: Mizuho opened its Ahmedabad branch in September, the first office of a Japanese bank in Gujarat.
- 2020: Mizuho Global Services India was incorporated on March 2.
- 2022: Mizuho opened a Navi Mumbai office to host part of its back office operations.
Where it operates
Mizuho runs its India business from Mumbai. It also has a presence in New Delhi, Gurugram, Chennai, Bengaluru, Ahmedabad and GIFT City.
At a glance
- Home country: Japan
- Global headquarters: Tokyo
- Sector: Banking & Financial Services
- Business: Banking
- Role of India: Sales market, Global delivery and operations, Financial services franchise
- India entity: Mizuho Bank, Ltd., India
- India head office: Mumbai
- India offices: Mumbai, New Delhi, Gurugram, Chennai, Bengaluru, Ahmedabad, GIFT City
- India headcount: 400+
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