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

Flexible workspace operator The Executive Centre is planning to raise ₹2,600 crore through an IPO in India, joining peers like WeWork and Awfis. With a global footprint and 51,000 customers, the firm aims to strengthen its presence as India’s flex workspace sector is projected to grow at a 15% annual rate, reaching $9 billion by 2028.
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The Executive Centre (TEC) is investing ₹125 crore to expand its presence in India, adding over 2.6 lakh sq ft across major cities. With new centres in Mumbai, Chennai, Hyderabad, and more, TEC aims to meet the rising demand for flexible workspaces catering to various sectors, including IT, BFSI, and startups.
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The Executive Centre (TEC) has reported a 31% revenue growth in India, reaching Rs 475 crore in 2023. This surge is attributed to expanding its premium, flexible workspaces across major cities, meeting the increased demand post-COVID. TEC now operates 40 centres with high occupancy rates in India.
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