Paytm looks to double its headcount in FY16

Company has added about 1,500 people to its total headcount in FY15

With most players in the sector looking to aggressively ramp up their teams, Noida-based mobile commerce platform Paytm plans to double its employee base in FY16 from around 3,000 currently. The company has added around 1,500 persons to its total headcount in FY15.

“A large part of the hiring will be in operations and sales. We will also hire for technology roles,” Amit Sinha, vice president-business and people at Paytm told Business Standard. “We have given over 100 offers to students at top management and engineering colleges. We are still visiting campuses and that number will go up further.”

Additionally, Paytm has chosen management consultancy firms as its sweet-spot to hire senior leaders from. According to industry sources, Paytm recently brought on board Saurabh Vashishtha from McKinsey & Company as its vice president for business. According to Vashishtha's profile on professional networking website LinkedIn, he was an engagement manager at McKinsey.

While Sinha refused to comment on Vashishtha's appointment, he said, “our business is distinct and so we won't hire people from companies that are trying to do similar things as us. We are looking at lateral hiring from consultancies because we believe that we require talent with strong analytical skills who have capacity to help in creating new stuff.”