Awfis Space Solutions aims to expand its portfolio by 50% to 135,000 seats by FY25, focusing on managed office spaces. Deputy CEO Sumit Lakhani highlights a 30% revenue growth target driven by new centre openings and higher occupancy rates. Recent additions include 15,084 new seats in 22 centres.
Flexible workspace provider Awfis Space Solutions is expanding its portfolio by 50%, aiming to reach 135,000 seats by the end of the fiscal year.
Awfis Space Solutions, a leading name in the flexible workspace sector, is gearing up for significant growth, targeting a 50% increase in its seating capacity. The company plans to add 40,000 new seats to its existing 95,000, with managed office spaces accounting for most of this expansion. This move is expected to drive a 30% revenue growth in FY25, fueled by expansion and higher occupancy rates at current centres.
Deputy Chief Executive Sumit Lakhani highlighted the company’s recent achievements and plans: “During the January to March quarter, 22 new centers were opened, and 73% of these centers operated under a managed aggregation model. Additionally, 15,084 new seats were added, with 69% of these seats being part of the managed aggregation model.” This model has been a key growth driver, offering businesses flexible and efficient office solutions.
Awfis’s strategy focuses on tapping into the increasing demand for flexible workspaces, driven by changing work dynamics and the growing popularity of hybrid work models. By expanding its managed office space offerings, Awfis aims to cater to a diverse clientele, from startups to large enterprises, seeking adaptable and scalable office solutions.
In summary, Awfis Space Solutions’ ambitious expansion plan for FY25 reflects its commitment to meeting the rising demand for flexible workspaces. With a focus on managed office spaces and a robust growth strategy, Awfis is well-positioned to solidify its leadership in the dynamic coworking industry.
