Alvarez & Marsal to Expand India Operations with Major Hiring Push

Consulting firm Alvarez & Marsal plans to nearly triple its workforce in India, targeting 2,000 employees at its global capability centers by 2028. The New York-based firm currently operates a center in Gurugram and will soon open another in Bengaluru, signaling a strategic bet on India's talent pool for high-value business services.

The expansion focuses on hiring top-tier professionals, including 150 recruits this year from elite institutions like IIT. A&M's India centers will support Core functions such as transaction advisory, tax consulting, and corporate restructuring—services increasingly demanded by multinationals operating in the region.

Global capability centers in India have evolved from back-office support to innovation hubs, with firms like JPMorgan, Amazon, and Microsoft already leveraging the country's skilled workforce. A&M's inverted pyramid hiring model emphasizes experienced hires over entry-level recruits, reflecting the sophistication of services being localized.