FM Global to Launch Largest Innovation Center Outside US in Bengaluru.

US-based commercial property insurer FM Global is significantly expanding its footprint in India with the upcoming launch of its largest innovation center outside the United States in Bengaluru. The company also plans to open a new sales office in Mumbai during the second half of this year, signaling a major commitment to the Indian market.

"We are significantly expanding and doubling down on our investment in India along multiple dimensions," stated Srinivasan Krishnamurthy, Senior Vice-President, FM India. "We are building on our existing footprint in Bengaluru. After evaluating different locations, it was clear that Bengaluru’s innovation ecosystem is the most vibrant. There is also a broad availability of STEM talent here."

FM Global, which recorded global revenues of approximately $11 billion last year, operates in around 149 countries. The company maintains 50 offices worldwide and employs 6,000 people globally, including 2,000 engineers. This strategic expansion into Bengaluru and Mumbai underscores India's growing importance in the global business landscape and FM Global's commitment to leveraging the country's innovation and talent pool.