Larry Fink, the chairman and CEO of BlackRock Inc, the world’s biggest asset manager, is likely to make his third visit to India in recent years, most probably in the first week of February, according to sources. The visit is expected to include a meeting with Reliance Industries chairman Mukesh Ambani, highlighting India’s growing strategic importance for the Wall Street listed firm with a market cap of over $177 billion.

Sources said there could also be the possibility of high-profile interaction between Ambani and the 73-year-old Fink in Mumbai, potentially on the lines of a previous interaction Ambani held with Jensen Huang, founder and CEO of Nvidia.

Fink had made two visits to India in 2023, including a whistlestop tour in October that year, when he met Ambani and, also met Prime Minister Narendra Modi in New Delhi.

The upcoming visit comes against the backdrop of BlackRock’s strong global performance. The asset manager closed 2025 with assets under management of $14.04 trillion, a record level, driven by $698 billion in net inflows during the year, including $342 billion in the fourth quarter.

India continues to be a key pillar of BlackRock’s growth strategy, particularly through its joint venture with Jio Financial Services. The two partners announced a 50:50 joint venture, JioBlackRock, in July 2023 to build a digital-first asset management platform for India’s rapidly expanding investor base, committing up to $150 million each. With the final approval coming through in May 2025, Jio BlackRock mobilised nearly Rs 18,000 crore through new fund offers in the debt space.

Fink has consistently underscored India’s investment appeal. Speaking at the Saudi–US Investment Summit in Riyadh last year, he said the “fog of global uncertainty is lifting,” with capital flows returning to dynamic markets such as India, citing structural reforms, a growing consumer base and strong long-term return potential.

BlackRock’s India operations have also expanded steadily. The firm now employs over 3,500 people, including 1,400 women, across Mumbai, Gurgaon and Bengaluru.