Awfis Archives - Flex Insights

Awfis Seizes First-Mover Advantage with IPO Amidst Co-Working Boom 0
- Industry News
- October 18, 2024
Awfis Space Solutions, a leading co-working provider in India, has gone public, leveraging its innovative profit-sharing model. Chairman Amit Ramani highlights investor confidence, growth in Tier II cities, and the rising demand for flexible workspaces as key drivers behind the company’s expansion, despite challenges posed by the pandemic and global competitors.
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Awfis Expands Footprint with New Coworking Centre in Ahmedabad’s GIFT City 0
- Industry News
- September 23, 2024
Awfis has opened a new 30,221 sq ft coworking centre in GIFT City, Gandhinagar, expanding its total offering in Ahmedabad to 83,500 sq ft. With plans to add 40,000 new seats nationwide by year-end, Awfis is positioning itself as a key player in India’s growing flexible workspace market.
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Awfis Expands in Pune, Leases 3 Lakh Sq Ft from Nyati Group 0
- Industry News
- September 6, 2024
Awfis has leased 3 lakh square feet of office space from Nyati Group in Pune, expanding its flexible workspace footprint to half a million square feet. The partnership will introduce premium workspaces at Nyati Empress and Nyati Enthral, meeting the growing demand for adaptable office solutions in Pune’s thriving business ecosystem.
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Awfis Space Expands in Bengaluru, Boosting Market Presence and Financial Performance 0

Awfis Space Solutions has launched two new coworking centres in Bengaluru, adding 66,846 sq. ft. to its portfolio. With plans to expand further, Awfis now operates 1,12,038 seats across 185 centres in India. The company reported a net profit of Rs 1.37 crore in Q4 FY24, reflecting strong growth.

Awfis Triumphs in Q1 | Registers First Profit with Soaring Revenue 0

Revenue
Awfis Space Solutions Ltd pivots to profit in Q1 FY24, netting Rs 2.78 crore after last year’s loss, with revenue soaring by 39% to Rs 267.8 crore. Expanding across India’s major cities, Awfis now operates 169 centres, offering a versatile mix of workspace solutions, signalling a shift towards flexible office environments.

Awfis Plans 50% Expansion in FY25, Targets 135,000 Seats 0

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.

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