Tag: flexible workspace solutions

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Awfis Leases 114K Sq Ft in Chennai; TEC Opens 9,500 Sq M in Riyadh

Here’s the rewritten content: Representative image NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has opened two new centers in Chennai. The Olympia Crystal center in Guindy covers approximately 56,360 sq ft across four floors, while the DLF Cyber City center offers a chargeable area of 57,802 sq ft. These new locations expand the company’s total presence in Chennai to 28 centers, totaling around 875,000 sq ft. Awfis now operates over 200 centers in 18 cities. In another update, The Executive Centre (TEC) has announced the launch of a new center in the King Abdullah Financial District…

CommercialLatest Stories

Executive Centre India Gets SEBI Nod for ₹2,600-Crore IPO

NEW DELHI: Executive Centre India has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The IPO will feature a fresh equity share issuance with a face value of ₹2 each, totaling up to ₹2,600 crore. As outlined in the draft red herring prospectus (DRHP), the net proceeds are intended primarily for investments in TEC Abu Dhabi, a direct subsidiary, and to fund part of the acquisition costs for TEC Singapore and TEC Dubai. These two entities are currently step-down subsidiaries of TEC Singapore, a corporate promoter of the company, and…

CommercialLatest Stories

Awfis Space Solutions Q2 FY26 Net Profit Falls 58.7%

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has reported a 58.7% decline in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹15.97 crore, down from ₹38.67 crore in the same quarter of the prior fiscal year, according to a BSE filing. The company’s net consolidated total income was ₹392.97 crore in Q2 FY26, reflecting a 30.14% increase from ₹301.95 crore in the year-ago quarter. Amit Ramani, the company’s chairman and managing director, stated, “In H1 FY26, our Operating EBITDA grew 44% year-on-year, revenue expanded by…

CommercialLatest Stories

Awfis Space Solutions Q1 FY26 Net Profit Hits ₹8.94 Crore

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, announced a standalone net profit after tax of ₹8.94 crore for the quarter ending June 30, 2025. The company’s standalone total income reached ₹351.54 crore in Q1 FY26, as disclosed in a BSE filing. Amit Ramani, chairman and managing director, stated, “We are delighted to report a robust start to FY26, with revenue at ₹335 crore, marking a 30% year-on-year increase. Our Operating EBITDA margin widened by 710 basis points to 37.8%, fueled by strong revenue growth, deeper enterprise penetration, expanding allied services, and a persistent focus on operational…