{"id":1287487,"date":"2024-11-18T10:27:15","date_gmt":"2024-11-18T04:57:15","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1287487"},"modified":"2024-11-18T10:27:50","modified_gmt":"2024-11-18T04:57:50","slug":"amazon-india-shifts-bengaluru-headquarters-to-save-rs-4-15-crore-year","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/amazon-india-shifts-bengaluru-headquarters-to-save-rs-4-15-crore-year\/","title":{"rendered":"Amazon India Shifts Bengaluru Headquarters To Save Rs 4.15 Crore\/Year"},"content":{"rendered":"\n<p>Amazon India is moving its corporate headquarters from the World Trade Centre in Bengaluru\u2019s northwest to a new location near the city\u2019s airport. The shift, part of a cost-cutting strategy, is expected to save the company \u20b94.15 crore annually in rent. Currently, Amazon occupies 5 lakh square feet across 18 floors in a Brigade Enterprises-owned building, paying approximately \u20b9250 per square foot.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"564\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-1024x564.png\" alt=\"Amazon India Shifts Bengaluru Headquarters To Save Rs 4.15 Crore\/Year\" class=\"wp-image-1287496\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-1024x564.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-300x165.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-768x423.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-1536x846.png 1536w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-2048x1128.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Relocation Details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New Location<\/strong>: Situated on the outskirts of Bengaluru, the new office space costs nearly <a href=\"https:\/\/www.freepressjournal.in\/business\/amazon-india-will-save-415-crore-in-rent-after-moving-headquarters-to-new-location\">one-third of the current rent.<\/a><\/li>\n\n\n\n<li><strong>Timeline<\/strong>: The move is set to begin in April 2025 and conclude by April 2026.<\/li>\n\n\n\n<li><strong>Impact on Employees<\/strong>: Approximately 25% of apartments in the current complex are occupied by Amazon employees, who may face commuting challenges.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Financial Performance Highlights<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Amazon Transportation Services (ATS)<\/strong>: Operating revenue grew by 7.6% in FY24 to \u20b94,889 crore, with net losses decreasing by 6.9% to \u20b980 crore.<\/li>\n\n\n\n<li><strong>Amazon Wholesale<\/strong>: Operating revenue fell slightly to \u20b93,577 crore, while net losses dropped by 44% to \u20b9342 crore due to reduced operations under stricter FDI rules.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Implications for Brigade Enterprises<\/h3>\n\n\n\n<p>Amazon\u2019s departure raises concerns for Brigade Enterprises, a publicly traded real estate developer, about finding tenants for the soon-to-be-vacant office space. The move reflects Amazon\u2019s broader efforts to optimize costs amid evolving market dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon India is moving its corporate headquarters from the World Trade Centre in Bengaluru\u2019s northwest to a new location near the city\u2019s airport. The shift, part of a cost-cutting strategy, is expected to save the company \u20b94.15 crore annually in rent. Currently, Amazon occupies 5 lakh square feet across 18 floors in a Brigade Enterprises-owned [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1287496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[539],"class_list":["post-1287487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-amazon-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon India Shifts Bengaluru Headquarters To Save Rs 4.15 Crore\/Year - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/amazon-india-shifts-bengaluru-headquarters-to-save-rs-4-15-crore-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon India Shifts Bengaluru Headquarters To Save Rs 4.15 Crore\/Year - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Amazon India is moving its corporate headquarters from the World Trade Centre in Bengaluru\u2019s northwest to a new location near the city\u2019s airport. The shift, part of a cost-cutting strategy, is expected to save the company \u20b94.15 crore annually in rent. Currently, Amazon occupies 5 lakh square feet across 18 floors in a Brigade Enterprises-owned [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/amazon-india-shifts-bengaluru-headquarters-to-save-rs-4-15-crore-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-18T04:57:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-18T04:57:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-10.25.48\u202fAM-1024x564.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/amazon-india-shifts-bengaluru-headquarters-to-save-rs-4-15-crore-year\/\",\"url\":\"https:\/\/trak.in\/stories\/amazon-india-shifts-bengaluru-headquarters-to-save-rs-4-15-crore-year\/\",\"name\":\"Amazon India Shifts Bengaluru Headquarters To Save Rs 4.15 Crore\/Year - Trak.in - Indian Business of Tech, Mobile &amp; 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