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Flex office firms' earnings jump on strong demand, premium shiftFlexible workspace firms WeWork India, Smartworks, IndiQube, and Awfis reported robust revenue growth and improved margins in the last fisc...- Awfis Q4 profit doubles, revenues up 20% YoY on GCC boom and AI-led expansionCo-working spaces remained the company’s biggest revenue contributor, accounting for more than 83% of operating revenues. Income from the s...
- Awfis strengthens presence with 28 centres in Chennai across 8.75 lakh sq ftAwfis has expanded its presence in Chennai by leasing over 110,000 square feet for two new centres. This move increases Awfis' total footpr...
- Awfis’ operating revenue rises 20% to Rs 382 crore; profit at Rs 22 croreAwfis reported a 20% year-on-year (YoY) surge in its operating revenue, at Rs 382 crore for the quarter ended December, up from Rs 318 cror...
- Awfis CMD Amit Ramani on debt, capex and expansion strategyAwfis CEO Amit Ramani addressed market concerns, clarifying that company-wide debt stands at 21 crores, a decrease from the previous year, ...
- WeWork India IPO: Can investors tag along India's booming Rs 50,000 crore flex space market?WeWork India has reported a strong turnaround, posting Rs 1,949 crore in revenue and Rs 128 crore net profit in FY25, with EBITDA margins a...
- Is Indiqube Spaces' IPO a risky bet amidst growing losses?Indiqube Spaces, a workplace solutions firm, is set to launch an IPO to raise ₹650 crore for capex and debt repayment, alongside a ₹50 cror...
- Awfis elevates deputy CEO Sumit Lakhani to chief executive officerAwfis has appointed Sumit Lakhani as its new CEO, succeeding founder Amit Ramani, who will continue as chairman and managing director. Lakh...
- Awfis Elevates Sumit Lakhani to CEO in strategic leadership moveAwfis Space Solutions elevates Sumit Lakhani to CEO. Lakhani will manage operations and customer initiatives. Amit Ramani will focus on str...
- Awfis reports 44% rise in Q3 operating revenue at Rs 318 croreA rise in contributions from newly added seats and higher occupancy rates at existing centres helped. Also, the office space-sharing compan...
- Awfis Space Solutions shares poised for 44% growth, target price raised to Rs 1,049: ICICI SecuritiesICICI Securities has reiterated its ‘buy’ recommendation on Awfis Space Solutions, raising the target price to Rs 1,049 from Rs 979, indica...
- ICICI Securities initiates coverage on Awfis Space Solutions, sees 11% upside potentialConsidering the above, analysts at ICICI Securities believe that given Awfis’ superior RoCE profile which is likely to consistently range o...
- Wait for Awfis Space Solutions to deliver stable profitabilityThe company has an asset-light business model and is debt-free. However, limited operating history, consistent losses, scalability of busin...
- Awfis expands its footprint in South India with 11 new propertiesAmit Ramani, CEO and Founder, Awfis, said, "The region presents numerous opportunities through its expanding real estate landscape. This ex...
- Flexible workspace provider Awfis adds 1,400 seats in NCRThe centre at Suncity, Gurgaon is spread across 40,000 sq. ft and has 650 seats, while the centre at Knowledge Boulevard, Noida spans over ...
- Awfis leases over 1 lk sq ft workspace in Kolkata to 3 large corporates in 6 monthsIn line with this partnership, Grant Thornton has taken customised set up in Awfis’ Eco Centre (Awfis Gold centre) at Acropolis Mall in Kol...
- Prestige Group and Awfis partner to offer co-working portfolio of half a million square feetIn February, Prestige and Awfis had entered into a pact to offer over 300,000 sq ft of Grade-A flexible office space within Prestige Group'...
- Nearly 3.2 million sqft of co-working space may cease to exist in 2020: Knight Frank IndiaApproximately 25% — 6.4 million square feet (msf) of the total 25.45 msf — of the co-working space in the top eight cities is operated by s...
- WeWork, Awfis, other co-working spaces to realign to meet new normsSome of the co-working space firms are also allocating more open space to the existing facilities and even thinking of opening office in tw...
- Demand for coworking spaces dropsHowever, an increase in enquiries from bigger companies that have given up their offices and now seek flexibility will help soften the blow...
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