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MUMBAI: ICICI Prudential Life Insurance Company has picked up 252,000 sq ft of office space in IT park Mindspace in Mumbai's Malad west suburb, for what will be its largest back-office facility, said persons with knowledge of the development..
The insurance major has leased this office space - spread across four floors - for five years through a structured deal, a person cited earlier said, adding that the company will be paying a monthly rental of Rs 91.5 per sq ft for the office space..
At present, the ICICI Prudential Life Insurance Company carries out its back-office operations from an office in Malad east, which has been in use for nearly a decade..
