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.
The Executive Centre (TEC), a premium flexible workspace provider in Asia, has announced plans to invest ₹125 crore to expand its footprint across India. The Hong Kong-based company is set to open eight new centres across major cities, including Chennai, Hyderabad, Mumbai, Bengaluru, Gurgaon, and New Delhi, further cementing its presence in the country’s booming coworking market.
This investment will bring over 2.6 lakh sq ft of new office space to TEC’s India portfolio, meeting the rising demand for flexible workspaces. TEC focuses on premium locations, with Rs 47 crore allocated for Southern India, including centres at RMZ One Paramount in Chennai, RMZ Nexity in Hyderabad, and Raheja Cignus in Bengaluru. The company will invest ₹33 crore in Mumbai, where two new centres will open at First International Financial Center and One BKC. Northern India will also expand, with ₹42 crore allocated for new centres in Gurgaon’s DLF Cyber City and Aerocity in New Delhi.
Paul Salnikow, Founder and CEO of TEC, emphasised the importance of the Indian market, stating, “India continues to be one of the biggest and fastest-growing markets for the company. The demand for flexible workspaces has surged due to the evolving preferences of the modern workforce.” He further highlighted the impact of various sectors such as IT/ITES, BFSI, and startups, along with the increasing presence of Global Capability Centres (GCCs), contributing to the growing demand for premium coworking spaces.
The new centres will offer various amenities to promote work-life balance and productivity. Facilities will include fitness centres, wellness rooms, nursing rooms, business lounges, phone booths, gaming zones, cafés, and more. These spaces are designed to cater to the needs of modern professionals, ensuring comfort and convenience in the workplace.
TEC’s decision to double down on its Indian operations aligns with its broader growth strategy. Earlier this year, the company reported revenue of USD 315 million, marking an 11.2% year-on-year growth, with TEC India contributing 31% YoY growth and 26% to the company’s global adjusted EBITDA. With a presence in 16 countries and 36 cities, TEC serves over 50,000 members worldwide, making it a key player in the global coworking industry.
As flexible workspaces continue to gain popularity in India, TEC’s significant investment and expansion reflect the company’s commitment to delivering high-quality, modern workspaces designed for the evolving demands of today’s workforce.
