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Senior/Equity Research Analyst – India IT & Services

Additional office locations
Mumbai
Job ID
22495
Date
15-Jun-2026
Permanent - Full time, Mid-level, Mid-senior
Job category
Equities, Research
Join our Equity Research team in Mumbai and help deepen our footprint within an exciting and growing market, leveraging the strengths of the Macquarie platform. You will be working as a writing analyst, covering IT & Services companies in India in an entrepreneurial and collaborative culture.
At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.

What role will you play?

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Reporting to the Head of India Equity Research, you will leverage your expertise to identify and articulate compelling investment opportunities. You will be responsible for delivering high-quality research through rigorous market analysis, detailed financial modeling and insightful reports that guide institutional clients’ decisions. You will actively engage with senior stakeholders at covered companies, maintain strong industry relationships and provide timely, actionable insights that reflect both company-specific fundamentals and broader macro trends.

In addition, you are expected to drive thought leadership and uphold the highest standards of accuracy and clarity in every piece of research you produce, actively contribute to our Asia regional product, and stay on top of emerging themes to guide investment decisions.

What you offer

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  • Excellent academic qualifications in finance or related disciplines
  • 5+ years’ experience in equity research (buy-side or sell-side) with relevant sector expertise. Corporate strategy or investor relations experience gained within the IT and Services industry is welcome
  • Exceptional analytical and writing skills, with a proven ability to deliver actionable insights
  • Strong communication skills with a solid track record of building relationships with institutional clients and internal stakeholders globally
  • Entrepreneurial mindset and ability to thrive in a fast-paced environment.
We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

What we offer

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At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:


  • 1 wellbeing leave day per year
  • 26 weeks’ paid maternity leave or 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
  • Company-subsidised childcare services
  • 2 days of paid volunteer leave and donation matching
  • Benefits to support your physical, mental and financial wellbeing including comprehensive medical and life insurance cover, the option to join parental medical insurance plan and virtual medical consultations extended to family members
  • Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
  • Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
  • Hybrid and flexible working arrangements, dependent on role
  • Reimbursement for work from home equipment

About Macquarie Capital

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Macquarie Capital partners with businesses, startups and governments to connect ideas to capital and help drive innovation, growth and create real-world impact. Our global corporate advisory, investing, development and equities capabilities are underpinned by a full spectrum of capital markets solutions and deep sector expertise, with a focus on infrastructure and real assets, technology, software and services, and resources, energy and materials.

Our commitment to diversity, equity and inclusion

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We are committed to fostering a diverse, equitable and inclusive workplace. We encourage people from all backgrounds to apply and welcome all identities, including race, ethnicity, cultural identity, nationality, gender (including gender identity or expression), age, sexual orientation, marital or partnership status, parental, caregiving or family status, neurodiversity, religion or belief, disability, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.

Our aim is to provide reasonable adjustments to individuals who may need support during the recruitment process and through working arrangements. If you require additional assistance, please let us know in the application process.