Paytm hiring over 1,000 people to support expansion across businesses



Fintech main Paytm on Wednesday mentioned it’s within the strategy of hiring over 1,000 individuals throughout varied roles over the subsequent few months because it expands its operations, together with segments like monetary and wealth administration providers, within the nation. Paytm is within the strategy of hiring over 1,000 engineers, knowledge scientists, monetary analysts amongst different positions for tech and non-tech roles, an announcement mentioned.

“The corporate has ramped up recruitment as it’s heading for a fast growth of its monetary and wealth administration providers,” it added.

Paytm and its group companies reminiscent of lending, insurance coverage, wealth administration and offline funds have been increasing operations, thereby creating the necessity to herald extra tech and non-tech staff, it mentioned.

This group growth would play an important position in launching revolutionary monetary providers and know-how to gasoline its progress journey, it added.

Apart from tech and non-tech hires to fill positions throughout its operations in Delhi-NCR, Mumbai and Bengaluru, Paytm can also be bringing in over 50 senior-level executives in vice chairman roles and above to bolster its senior management.

In April, the Noida-based firm had introduced plans to rent over 500 individuals.

Requested if Paytm has accomplished that course of, the corporate mentioned it has employed near 700 staff over the last 4 months.

“The 1,000 individuals is further manpower in tech and non-tech roles that we’d like and the hiring course of is on for that,” it mentioned in an e-mailed response.

In its assertion, Paytm mentioned it held interviews and inductions of recent joinees even through the lockdown.

In response to stories of layoffs and exit of senior leaders, the corporate mentioned, “We have now not laid off any staff or resorted to any wage cuts.”

“From April 2019 so far…whereas round 20 senior executives exited Paytm, over 140 have been employed for management roles in vice-president and above positions. Paytm is recruiting expertise from Fortune 500 firms, MNCs, prime startups, and bringing in individuals who have entrepreneurial expertise,” the assertion mentioned.

Just lately, the corporate additionally introduced organising of its largest campus in Noida, Uttar Pradesh to accommodate its increasing group. The 5,000 seater workplace is unfold throughout 5.5 lakh sq. ft of area.

“We’re constructing India’s largest client web and monetary know-how platform that requires extra expertise. This yr, we’re aiming so as to add further 1,000 colleagues to our totally different enterprise verticals to construct and scale revolutionary merchandise for the lots,” Paytm Vice President Narender Yadav mentioned.

First Revealed on Aug 26, 2020 06:00 pm


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