diff --git a/internal/cache/file/downloader/parallel_downloader.go b/internal/cache/file/downloader/parallel_downloader.go
new file mode 100644
index 0000000000..58e3f0befe
--- /dev/null
+++ b/internal/cache/file/downloader/parallel_downloader.go
@@ -0,0 +1,191 @@
+package downloader
+
+import (
+	"errors"
+	"fmt"
+	"io"
+	"os"
+	"strings"
+	"sync"
+
+	"github.com/googlecloudplatform/gcsfuse/v2/internal/cache/lru"
+	cacheutil "github.com/googlecloudplatform/gcsfuse/v2/internal/cache/util"
+	"github.com/googlecloudplatform/gcsfuse/v2/internal/logger"
+	"github.com/googlecloudplatform/gcsfuse/v2/internal/monitor"
+	"github.com/googlecloudplatform/gcsfuse/v2/internal/storage/gcs"
+	"github.com/googlecloudplatform/gcsfuse/v2/internal/util"
+	"golang.org/x/net/context"
+)
+
+func (job *Job) rangeDownloader(start, end int64) (err error) {
+	newReader, err := job.bucket.NewReader(
+		job.cancelCtx,
+		&gcs.ReadObjectRequest{
+			Name:       job.object.Name,
+			Generation: job.object.Generation,
+			Range: &gcs.ByteRange{
+				Start: uint64(start),
+				Limit: uint64(end),
+			},
+			ReadCompressed: job.object.HasContentEncodingGzip(),
+		})
+	if err != nil {
+		return
+	}
+	monitor.CaptureGCSReadMetrics(job.cancelCtx, util.Sequential, end-start)
+
+	// Open cacheFile and write into it.
+	cacheFile, err := os.OpenFile(job.fileSpec.Path, os.O_RDWR, job.fileSpec.FilePerm)
+	defer func() {
+		if err != nil {
+			_ = newReader.Close()
+			_ = cacheFile.Close()
+			return
+		}
+		err = newReader.Close()
+		if err != nil {
+			return
+		}
+		err = cacheFile.Close()
+		if err != nil {
+			return
+		}
+	}()
+	if err != nil {
+		return
+	}
+
+	_, err = cacheFile.Seek(start, 0)
+	if err != nil {
+		err = fmt.Errorf("downloadObjectAsync: error while seeking file handle, seek %d: %w", start, err)
+		return
+	}
+	// Copy the contents from NewReader to cache file.
+	_, readErr := io.CopyN(cacheFile, newReader, end-start)
+	if readErr != nil {
+		return
+	}
+	return
+}
+
+// downloadObjectAsync downloads the backing GCS object into a file as part of
+// file cache using NewReader method of gcs.Bucket.
+//
+// Note: There can only be one async download running for a job at a time.
+// Acquires and releases LOCK(job.mu)
+func (job *Job) downloadObjectInParallelAsync() {
+	// Close the job.doneCh, clear the cancelFunc & cancelCtx and call the
+	// remove job callback function in any case - completion/failure.
+	defer func() {
+		job.cancelFunc()
+		close(job.doneCh)
+
+		job.mu.Lock()
+		if job.removeJobCallback != nil {
+			job.removeJobCallback()
+			job.removeJobCallback = nil
+		}
+		job.cancelCtx, job.cancelFunc = nil, nil
+		job.mu.Unlock()
+	}()
+
+	// Create, open and truncate cache file for writing object into it.
+	cacheFile, err := cacheutil.CreateFile(job.fileSpec, os.O_TRUNC|os.O_WRONLY)
+	if err != nil {
+		err = fmt.Errorf("downloadObjectAsync: error in creating cache file: %w", err)
+		job.failWhileDownloading(err)
+		return
+	}
+	err = cacheFile.Truncate(int64(job.object.Size))
+	if err != nil {
+		err = fmt.Errorf("downloadObjectAsync: error while truncating the cache file: %w", err)
+		job.failWhileDownloading(err)
+		return
+	}
+	err = cacheFile.Close()
+	if err != nil {
+		err = fmt.Errorf("downloadObjectAsync: error while closing cache file: %w", err)
+		job.failWhileDownloading(err)
+	}
+
+	notifyInvalid := func() {
+		job.mu.Lock()
+		job.status.Name = Invalid
+		job.notifySubscribers()
+		job.mu.Unlock()
+	}
+
+	var start, end int64
+	end = int64(job.object.Size)
+	var readRequestSize int64 = int64(job.readRequestSizeMb * cacheutil.MiB)
+	var oneStepTotalReadSize int64 = readRequestSize * int64(job.downloadParallelism)
+
+	for {
+		select {
+		case <-job.cancelCtx.Done():
+			return
+		default:
+			if start < end {
+				// Parallely download different ranges not more than ReadChunkSize and
+				// not using go routines more than AsyncDownloadParallelism
+				asyncDownloaderErrors := make([]error, job.downloadParallelism)
+				wg := sync.WaitGroup{}
+				var singleStepRead int64 = 0
+				for jobNum := 0; (jobNum < job.downloadParallelism) && (singleStepRead < oneStepTotalReadSize) && (start < end); jobNum++ {
+					wg.Add(1)
+					rangeStart := start
+					rangeEnd := min(rangeStart+readRequestSize, end)
+					downloadFunc := func(wg *sync.WaitGroup, assignedJobNum, rangeStart, rangeEnd int64) {
+						defer wg.Done()
+						asyncDownloaderErrors[assignedJobNum] = job.rangeDownloader(rangeStart, rangeEnd)
+					}
+					singleStepRead = singleStepRead + rangeEnd - rangeStart
+					start = rangeEnd
+					go downloadFunc(&wg, int64(jobNum), rangeStart, rangeEnd)
+				}
+				wg.Wait()
+				// If any of the go routine failed, consider the async job failed.
+				for jobNum := 0; jobNum < job.downloadParallelism; jobNum++ {
+					if err != nil {
+						if errors.Is(asyncDownloaderErrors[jobNum], context.Canceled) {
+							notifyInvalid()
+							return
+						}
+						job.failWhileDownloading(err)
+						return
+					}
+				}
+
+				job.mu.Lock()
+				job.status.Offset = start
+				err = job.updateFileInfoCache()
+				// Notify subscribers if file cache is updated.
+				if err == nil {
+					job.notifySubscribers()
+				} else if strings.Contains(err.Error(), lru.EntryNotExistErrMsg) {
+					// Download job expects entry in file info cache for the file it is
+					// downloading. If the entry is deleted in between which is expected
+					// to happen at the time of eviction, then the job should be
+					// marked Invalid instead of Failed.
+					job.status.Name = Invalid
+					job.notifySubscribers()
+					logger.Tracef("Job:%p (%s:/%s) is no longer valid due to absense of entry in file info cache.", job, job.bucket.Name(), job.object.Name)
+					job.mu.Unlock()
+					return
+				}
+				job.mu.Unlock()
+				// Change status of job in case of error while updating file cache.
+				if err != nil {
+					job.failWhileDownloading(err)
+					return
+				}
+			} else {
+				job.mu.Lock()
+				job.status.Name = Completed
+				job.notifySubscribers()
+				job.mu.Unlock()
+				return
+			}
+		}
+	}
+}