Cognizant is selling the building that has been its headquarters for over 20 years – Times of India

Cognizant is selling the building that has been its headquarters for over 20 years – Times of India



IT main Cognizant is promoting its long-standing Indian headquarters in Chennai. The property, positioned on Chennai’s IT Hall in Okkiyam Thoraipakkam, features a 15-acre land parcel and 400,000 sq. ft of workplace house. As per actual property business estimates, the property may fetch round Rs 750 crore to Rs 800 crore to the corporate.
The Thoraipakkam workplace has been Cognizant’s India headquarters for greater than 20 years.It’s the place Cognizant co-founders – Lakshmi Narayanan and Chandrasekaran operated from. Additionally it is the location of a landmark occasion the place the corporate remotely rang the Nasdaq opening bell, marking a major milestone in its development. The campus additionally represents Cognizant’s first absolutely owned property in Chennai, a step up from its earlier rented house within the CSI constructing close to the US Consulate

Cognizant goals to promote Chennai HQ by Dec

In line with market sources, Cognizant plans to wind up the method and vacate the campus by December, 2024. Cognizant has mandated worldwide property advisory JLL to promote the property. The advisory agency, in keeping with sources, has been speaking to many potential consumers together with native builders — Baashyaam Group and Casagrand. Nevertheless, nothing has been finalised but.

Cognizant new HQ to operate from MEPZ campus

As soon as the outdated headquarter constructing is bought and vacated, Cognizant’s new India headquarters could operate from the MEPZ campus close to Tambaram on GST Highway.
The transfer to promote the prevailing HQ constructing is seen as a part of the corporate’s course of to consolidate its operations in three of its personal buildings at MEPZ, Sholinganallur and Siruseri. It has been giving up leased areas throughout Chennai together with distinguished addresses at Ramanujan IT Park, DLF in addition to St Mary’s Highway workplaces in R A Puram.







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