India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Awfis Space Solutions reported a 66% rise in FY26 profit, backed by strong GCC demand and expanding enterprise workspace adoption. The company is restructuring its Design & Build business through a subsidiary, pursuing third-party projects, securing fresh funding, and navigating a CFO transition while strengthening its flex workspace leadership.
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Awfis has expanded its Chennai portfolio by leasing more than 110,000 sq ft across two new centres at Olympia Crystal and DLF Cyber City. With this addition, the company now operates 28 centres spanning 8.75 lakh sq ft in Chennai, driven by strong enterprise and GCC demand for flexible workspace solutions.
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Awfis Space Solutions shares rose after the company crossed 100 centres in South India, expanding to 3.1 million sq. ft. and 70,000 seats. Strong demand from corporates and GCCs is driving growth, with Bengaluru leading the way. The company now operates 250+ centres nationwide, serving over 3,400 clients.
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Awfis reported a strong December quarter with operating revenue up 20% YoY to ₹382 crore and net profit rising to ₹22 crore. The coworking leader saw solid traction from GCC and enterprise clients, maintained high occupancy, added 10 centres, and strengthened leadership with a new CFO appointment effective February 3.
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Coworking operator Awfis has announced a CFO transition, with Ravi Dugar stepping down and Sumit Rochlani returning to the role. The leadership change comes as the company strengthens its enterprise and GCC-focused strategy, expands seat capacity across key Indian cities, and scales operations while improving financial discipline and long-term visibility.
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Global Capability Centres are emerging as the strongest growth engine for India’s flexible and managed office market. Awfis CMD Amit Ramani says GCCs already dominate large enterprise demand, favour longer tenures and higher margins, and are accelerating the adoption of managed offices as first-time global entrants scale operations across India.
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