Awfis CMD Amit Ramani on debt, capex and expansion strategy

Awfis Space Solutions CMD Amit Ramani addressed market concerns regarding the company’s debt, capital expenditure, and growth plans, emphasizing clarity on financials and strategic expansion.

Debt Levels Under Control
Ramani clarified, “Our company-wide debt is 21 crores, down 7 crores from last year. Profitability has grown 49% year-on-year and EBITDA by 44%. Some confusion arises because a one-time sale of our facility management business was being counted as recurring profit.”


Premiumization and Capex
On capital expenditure, Ramani explained, “Our premiumization plan began last year. Out of 26 centres, 21 are gold and 5 elite. H1 capex was around 100 crores, in line with the 200-crore annual guidance. The lease mix remains roughly 65% managed and 35% straight lease.”

Enterprise Client Focus
Discussing enterprise expansion, he said, “Out of our five elite centres, around 10 GCC clients operate there. We added 5,000 seats for Fortune 100 companies, including expansions in tier-II locations. Overall, at least 50% of our portfolio caters to GCC-type clients.”

Design and Build Vertical Transfer
On the company’s design and build vertical, Ramani clarified, “It’s not a sale but a transfer to a 100% subsidiary. No cash is involved. This lets us focus on growth, partnerships, and investments in the vertical without impacting shareholders.”

Ramani’s comments aim to clear market misconceptions around debt and profitability while highlighting Awfis’ focus on premium assets and enterprise clients.