JPMorgan is significantly expanding its India equity operations with additional hires in its India research team.The new hires strengthen the coverage of key sectors including energy, engineering, financial services and real estate.

Bharat Iyer, JPMorgan’s head of India equity research, said this is part of a plan to accelerate the growth of the firm’s equities business in the country. “We are committed to strengthening the quality of our India research franchise and to providing our clients first class services to meet their growing requirements for quality analysis,” Mr. Iyer said.

These new hires complement JPMorgan’s recent addition of six members to its equity sales and sales trading teams in India. The new research hires boost JPMorgan’s dedicated team of analysts based in Mumbai to 21.

Sunil Garg, Head of Asia ex-Japan equity research for JPMorgan said: “India is a vital part of the firm's Asia Pacific strategy. In order to achieve our ambitious growth targets in India the firm needs a deep and broad research capability and these hires will certainly help us fulfill this aim.”

The new hires include:
Shilpa Krishnan joins JPMorgan from Kotak Securities to head coverage of the infrastructure, utilities and capital goods sectors. Shilpa has nearly 10 years experience in the equity research business.

Pradeep Mirchandani joins JPMorgan from Citigroup Global Markets to cover the energy and chemicals sectors. Pradeep has nearly 8 years experience in the equity research space.

Puneet Gulati joins from Stratcap Securities to be part of the financials team, headed by Sachin Sheth.

In addition, new appointments have been made in key sectors, including Nishit Jasani (Technology sector), Gunjan Prithyani (Real estate sector) and Karan Singh Uberoi (Financials sector).

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About JPMorgan in India:

JPMorgan has over 60-years of experience in the Indian market. It is a leading investment bank in the country, providing strategic advisory and capital raising services to major corporates, financial institutions and the government. JPMorgan Asset Management recently launched its first domestic India equity fund.