Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis Space Solutions has partnered with ECOS Mobility to provide premium, chauffeur-driven corporate transportation services across India. This collaboration expands Awfis’ service portfolio, addressing commuting challenges employees face and enhancing the overall business experience with seamless mobility solutions for Global Capability Centers and enterprise clients.
READ MOREIndia’s commercial real estate is booming and driven by GCCs and startups. Co-working leader Awfis posted 41% growth in FY25, fueled by flexible workspace demand and an asset-light model. With rapid expansion and high returns, Awfis is reshaping India’s office space landscape in metro and tier-1 cities.
READ MOREAwfis has expanded its senior leadership team to drive growth and innovation in flexible workspaces. Key appointments across managed office solutions, design & build, and technology aim to enhance efficiency and meet rising demand. This move reinforces Awfis’ commitment to delivering premium workspace solutions in India’s evolving commercial real estate market.
READ MOREAwfis, India’s top coworking space provider, allotted 1.34 lakh shares under ESOP 2015, raising its paid-up capital to INR 70.96 crore. This follows a 6.16 lakh share allotment in November 2024. The company faces a tax probe while reporting strong Q3 FY25 earnings and revenue growth.
READ MOREAwfis Space Solutions Ltd posted a ₹15.17 crore net profit in Q3 FY24, recovering from a ₹6.28 crore loss last year. Revenue jumped 47% to ₹331.46 crore. Since March 2024, Awfis has added 27,000 seats, reaching 1,20,000, with a target of 1,35,000 seats by March 2025.
READ MOREAwfis has launched its first flexible workspace in Lucknow’s Gomti Nagar, spanning 47,694 sq ft. The centre supports startups, entrepreneurs, and businesses with Grade-A infrastructure, advanced amenities, and strategic connectivity. This expansion strengthens Awfis’ presence in Tier-II cities and aligns with Lucknow’s transformation into a vibrant commercial hub.
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