Noida has been the headquarters of Paytm
for over two decades now and the company is on-track to shift to the new premises by December this year.
The new campus will have over 5,000 seats and the company said it will follow all social distancing guidelines.
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.
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.
"Consolidating our offices to one large campus would improve operational efficiency and further create synergies between various teams and processes," said Yadav.
E-commerce platform Paytm Mall, owned by Paytm Ecommerce Private Ltd, earlier this month announced to move its operations from Noida to Bengaluru and hire over 300 new members for product and technology roles.
The company also appointed Abhishek Rajan as chief operating officer (COO) who, during the last four years, has built and scaled up Paytm's Travel business driving large revenues for the company at a positive contribution margin.