Paytm gets 21-floor new campus! Mammoth 5.5 lakh sq ft in this sector of Noida - All you need to know
In a major development, financial services platform, Paytm has confirmed that it has set up its largest campus yet in Noida, Uttar Pradesh to accommodate its growing team.
In a major development, financial services platform, Paytm has confirmed that it has set up its largest campus yet in Noida, Uttar Pradesh to accommodate its growing team. The company has taken up over 5.5 lakh square feet of space comprising of 21 floors spread across two towers in the newly set up office complex in Sector 98.
Paytm plans to gradually shift all operations based in Delhi NCR to this campus including the headquarters of One97 Communications. Noida has been the headquarters of Paytm for over two decades now. The company is on-track to shift to the new premises by December this year, says Paytm.
"While the new campus will have over 5,000 seats, the company will follow all social distancing guidelines that the government would mandate when it shifts operations to the new complex by this year-end," Paytm said in a statement.
Paytm's new campus
-The campus houses a multi-level car parking, shopping complex, food courts and restaurants among other things
-All teams of Paytm would be housed on various floors of the same tower of the complex
- Paytm and affiliate companies to all work from this complex
-At the moment, Paytm is promoting work from home culture to ensure the safety of its employees.
As it gradually shifts all operations into the new complex, the company has decided to give up the leases of a total of 19 facilities across the country, out of these 16 are small regional sales offices.
Eyeing Bengaluru as well!
-Paytm is also planning to take up over 1.5 lakh square feet of office space in Bengaluru as it expands operations and teams of Paytm Mall, Paytm Money, Paytm Travel and other business units.
-The planned new campus will house Paytm's large engineering base the company is in the process of setting up.
Commenting on the big development, Narendra Yadav, Vice President - Paytm said, "Paytm is a dynamic firm that is expanding at a rapid scale. This new state-of-the-art facility will help us build the best financial services and technology for the citizens of our country. While we have time to move into our biggest campus, we are streamlining some of our real estate spread across India. We will not extend the leases of some of our offices as our colleagues will continue working from home. Consolidating our offices to one large campus would improve operational efficiency and further create synergies between various teams and processes."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.