Purpose: The purpose of this paper is to show that the role of organizational learning is increasingly becoming crucial for organizational performance. Based on the study of three Indian global firms operating in National Capital Region of Delhi, India, this study explores the correlation of organizational learning with organizational performance in the Indian scenario. Design/methodology/approach: The sample of the study comprised of three Indian global organizations chosen through purposive sampling technique. A total of 100 senior managers were interviewed from these firms, out of which 72 were HR and 28 were line managers. The data collected from these managers were analyzed using SPSS 12 version. Findings: The paper finds that the organizational learning, which largely gets reflected through HRM activities, has a positive correlation with organizational performance. Research limitations/implications: The paper shows more samples from private, public and governmental Indian organizations could have made the study more interesting and would have presented Indian scenario better. Originality/value: This paper will be useful to MNCs/global business organizations looking for investing and expanding in India, besides contributing to the understanding of organizational learning and organizational performance in Indian firms in present day global economic context. (Contains 2 tables.)