Goldman Sachs ramps up India push as investment banking bets pay off

Goldman Sachs ramps up India push as investment banking bets pay off

Published: February 11, 2026

Source: Bloomberg

Goldman Sachs is significantly expanding its presence in India as its investment banking operations in the country continue to deliver strong returns. The Wall Street giant has witnessed substantial growth in its Indian deal-making activities, with the market emerging as a key driver for its Asian operations. In 2023, Goldman Sachs has been involved in several high-profile transactions in India, including major IPOs, mergers and acquisitions, and private equity deals.

The firm's success in India can be attributed to its strategic focus on key sectors such as technology, renewable energy, and financial services. Goldman Sachs has particularly benefited from India's booming startup ecosystem, having advised on numerous deals involving unicorns and emerging technology companies. The bank's decision to increase its headcount in India by 15% over the next two years reflects its confidence in the market's potential. Additionally, Goldman Sachs is expanding its Global Services Center in Bengaluru, which currently employs over 7,000 professionals, making it the firm's second-largest office globally.

India's economic resilience, coupled with favorable demographic trends and increasing digitalization, has created an attractive environment for investment banking activities. Goldman Sachs' revenue from Indian operations has grown significantly, with investment banking fees rising by approximately 25% year-over-year. The firm has also strengthened its relationships with India's leading conglomerates and government entities, positioning itself as a trusted advisor for both domestic and cross-border transactions.

Looking ahead, Goldman Sachs plans to further diversify its Indian operations by expanding into areas such as asset management and digital banking services. The firm is also investing in developing local talent and enhancing its research capabilities to better serve its growing client base in the region. With India projected to become the world's third-largest economy by 2030, Goldman Sachs' increased commitment to the market appears well-timed. The bank's enhanced focus on India aligns with its broader Asian strategy, where it sees significant opportunities for growth despite global economic uncertainties.