Morgan Stanley has operated in India for more than 30 years across institutional securities, wealth management and investment management. Its global centres in Mumbai and Bengaluru support technology, operations, research and analytics for the firm.
Ownership and structure
Morgan Stanley operates in India through wholly owned businesses after ending its joint ventures with JM Financial in 2007.
What India does for Morgan Stanley
India is Morgan Stanley's second largest location after New York, hosting about half of the staff of its global centres alongside its onshore securities business.
Investment and deals
In 2007 Morgan Stanley agreed to pay US$445 million for JM Financial's 49 percent stake in their institutional equities joint venture.
Morgan Stanley's India business
In November 2024 Morgan Stanley opened a Mumbai campus in Goregaon that can hold more than 8,500 employees. The firm had more than 10,000 employees in India in 2022.
Its India workforce grew about 20 per cent between 2021 and 2022.
Key moves in India
- 2007: Morgan Stanley ended its joint ventures with JM Financial in February and moved to a wholly owned platform in India.
- 2022: The firm had more than 10,000 employees in India.
- 2024: Morgan Stanley opened a campus of over 1 million square feet in Goregaon, Mumbai, that can hold more than 8,500 employees.
Where it operates
Morgan Stanley runs its India business from Mumbai. It also has a presence in Bengaluru.
At a glance
- Home country: United States
- Global headquarters: New York
- Sector: Banking & Financial Services
- Business: Investment banking
- Role of India: Sales market, Global delivery and operations, R&D and engineering hub
- India head office: Mumbai
- India offices: Mumbai, Bengaluru
- India headcount: 10,000+ (2022)
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