January 22, 2020
NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, today announced that the firm has broken ground on a new office building, its fourth facility in Jaipur. It is anticipated that construction of the 62,000 square feet building will be completed in the first quarter of 2021.
" NAV's new facility strengthens our presence in Jaipur and demonstrates our commitment to the city's vibrant business community," said Nav Gupta, NAV's founder and CEO. " Our new building gives us the room to expand our Jaipur-based team. It will provide our employees with a comfortable, productive, and technologically-advanced environment to work in."
The new facility will utilize state-of-the-art technology with a strong focus on both physical and information security. In keeping with the firm's long-term commitment to environmental sustainability, the building will feature a radiant cooling air conditioner and an air purification system. Planned amenities include a cafeteria, gym and a creche for employee's children.
NAV opened its first office in India, a back office operations center, in 2001. Today the firm owns three buildings, representing approximately 100,000 square feet of office space, in Jaipur. The new building demonstrates NAV's commitment to investing in the future. The office will seat 500 additional employees, increasing NAV's back office staff by 60% and allowing for continued growth.