Bloomberg L.P. officially opened its new office in Mumbai on Monday, more than tripling the size of its office to accommodate increased customer support for its growing customer base in India and an expanded news reporting operation that has doubled the number of its reporters in the last 2 years. Bloomberg's news channel partnership, BloombergUTV, continues to grow and now reaches 30 million households in India.
The Bloomberg Professional® service, used by more than 300,000 of the world's leading business and financial professionals, is bringing further transparency to India's growing financial services sector. The Bloomberg Professional service provides real-time access to the most trusted data, analytics and local and global financial news and market data analysis, as well as portfolio management tools, electronic trading and order management systems.
"We experienced 18% growth in India last year alone, and we are investing in our India operations to continue this expansion and deliver our trusted financial news, data and analytics to India's increasingly important financial sector," said Peter Grauer, Chairman of Bloomberg L.P., in Mumbai.
"Bloomberg's market-moving news coverage in India, by our expanded reporting team, provides our customers with the ability to make informed investment decisions on local, regional and global levels," said Chris Collins, Bloomberg News Executive Editor for Asia.
The announcement was made at a Bloomberg client event in Mumbai, where leading financial executives attended the office opening with a keynote address by Dr. Vijay Kelkar, Non-Executive Chairman of The National Stock Exchange of India, Mumbai.