We are excited to share that we have set up our largest campus yet in Noida, Uttar Pradesh to accommodate our growing team. With over 5.5 lakh square feet of space, our new campus comprises of 21 floors spread across two towers.We plan to gradually shift all operations based in Delhi NCR to this campus including the headquarters of One97 Communications. Noida has been our headquarters for over two decades now. We are on-track to shift to the new premises by December this year.
While our new campus will have over 5,000 seats, we will follow all social distancing guidelines that the government would mandate when we shift operations to our new complex by this year-end. Our campus houses a multi-level car parking, shopping complex, well laid out food courts and gourmet restaurants among other things. All our teams would be housed on various floors of the same tower of the complex resulting smooth day to day operations.
At the moment, we are promoting work from home culture to ensure the safety of our employees. As we gradually shift all operations into the new complex, we have decided to give up the leases of a total of 19 facilities across the country, out of these 16 are small regional sales offices.
We are also planning to take up over 1.5 lakh square feet of office space in Bengaluru as we expand operations and teams of Paytm Mall, Paytm Money, Paytm Travel and other business units. This planned new campus will house the large engineering base we are in the process of setting up.
Narendra Yadav, our Vice President 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.”
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