Blackstone opens Bengaluru capability centre, its second office in India

Blackstone, the US-based global investment firm, said on Tuesday, October 27, 2026 that it has opened a second office in India, in Bengaluru, set up as a Global Capability Center (GCC). A GCC is an in-house centre that a multinational company runs in another country to handle work for its offices worldwide, such as technology, finance and compliance. The firm said the Bengaluru centre will bring together its own employees and its professional services partners across corporate functions, and that it will be led by Susan Yung, a senior managing director in the operations team of its credit and insurance investment business. Blackstone's investment professionals will stay in Mumbai, which remains its India headquarters.

For people building a career in technology and corporate services, the opening adds one more global employer to Bengaluru's large and growing list of capability centres. Such centres no longer only do back-office tasks. Many now run software development, data and analytics, cyber-security, risk and finance work for the parent company's offices around the world. Blackstone's Vice Chairman and Chief Financial Officer, Michael Chae, said the expansion strengthens the firm's operational capabilities and linked it to investment in talent, technology-enabled capabilities and the workplace.

The size of the team is modest for now. A hundred people is small next to the thousands employed by the largest banks' and retailers' centres in India. But the type of work matters to job seekers: a centre serving an investment firm usually hires for finance operations, fund accounting, regulatory compliance, data engineering and internal software tools, roles that mix technical and financial skills. People with backgrounds in accounting, finance technology, data or risk may find these openings closer to their skills than general IT services jobs.

The move also fits a wider pattern. Global firms have been setting up or expanding capability centres in Indian cities through 2026, drawn by the supply of engineers and finance graduates and by lower costs than in the United States or Europe. Industry reports have projected that these centres could add a large number of jobs in India over the next five years, and that they increasingly want people with artificial intelligence (AI) and data skills.

There is a property angle as well. The office sits in a park part-owned by Blackstone's own real estate arm. The firm says it is India's largest owner of office space and has helped launch five of the country's six listed real estate investment trusts (REITs), which are listed funds that own rent-earning buildings.

Short-term: The centre is expected to keep hiring through the end of 2026 to reach its reported target of at least 100 people. Openings are likely to appear on the firm's own careers pages and professional networks, mainly in finance, technology and compliance roles.

Long-term: If the centre grows as other global firms' centres have, it could become a larger hub for the firm's worldwide operations. The firm has not given a public long-term headcount figure, so any later growth will depend on its own decisions. The decision also adds weight to Bengaluru's position as India's main city for such centres.

Who is affected: Finance and technology professionals in Bengaluru, recent graduates in commerce, accounting and computer science, recruitment firms, the office-property market in the city's south-east, and Blackstone's existing staff in Mumbai, who now have a sister office.

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