Awfis Space Solutions , India's largest and first publicly listed workspace solutions company, has made a significant move in expanding its premium workspace offerings. The company has launched its first Gold Centre at Eleven West By Panchshil in Pune, marking a new milestone in its growth strategy.

Strategic Expansion in Pune

The new Gold Centre, located at Eleven West by Panchshil on Baner Pancard Club Road, Pune, represents a straight lease deal offering a built-up area of 28,103 sq. ft. This launch strengthens Awfis' presence in Pune, bringing its total number of centres in the city to 29.

Premium Workspace Experience

Awfis' Gold Centre is designed to provide a world-class workspace experience, featuring:

• State-of-the-art amenities
• High-end interiors
• Advanced technology
• Fully equipped meeting rooms
• Dynamic collaboration zones

The strategic location of the centre offers excellent connectivity and access to key business and social infrastructure across Pune.

Rapid Growth and Market Presence

As of June 2025, Awfis has significantly expanded its national footprint:

Meeting Evolving Workspace Needs

Mr. Amit Ramani, Chairman and Managing Director of Awfis Space Solutions Limited, commented on the launch: "We are excited to partner with Panchshil to launch Awfis' first Gold Centre in Pune—an important step in our journey to offer premium, tech-enabled workspaces across India. Pune has emerged as one of the fastest-growing markets for flexible workspaces, driven by its expanding IT, startup, and manufacturing ecosystems."

Diverse Client Base

Awfis serves more than 3,000 clients across various industries, catering to businesses of all sizes. The company's comprehensive suite of solutions includes:

1. Flex Space Solutions (Coworking and Enterprise Solutions)
2. Design & Build services
3. Allied Services

This expansion aligns with Awfis' commitment to providing high-quality, Grade-A work environments tailored for the evolving needs of enterprises and professionals in India's dynamic business landscape.

Awfis Space Solutions , a leading flexible workspace provider in India, has reported strong financial results for the first quarter of fiscal year 2026, demonstrating continued growth and operational efficiency.

Financial Highlights

• Revenue grew by 30% year-on-year to INR 335.00 crores
• EBITDA increased by 60% to INR 127.00 crores
• EBITDA margin expanded by 710 basis points to 37.80%
• Profit After Tax (PAT) rose to INR 10.00 crores, up from INR 3.00 crores in Q1 FY25

Operational Performance

Awfis continued to expand its presence and improve occupancy rates:

• Added 6,065 new operational seats, bringing total capacity to 140,186 seats across 220 centers
• Signed contracts for 15,000 new seats in Q1 FY26
• Exit month occupancy stood at 73%, with centers operational over 12 months achieving 84% occupancy
• Total portfolio, including centers in fit-out phase and under LOI, reached over 165,000 seats across 246 centers

Segment Performance

The company's core segments showed strong growth:

• Coworking and Allied Services revenue grew 49% year-on-year to INR 276.00 crores
• Construction fit-out projects generated INR 58.00 crores in revenue

Future Outlook

Awfis maintains a positive outlook for FY26:

• 18,000 seats already signed, scheduled for occupancy in Q2 and Q3, representing locked-in revenue of INR 463.00 crores
• Guidance for FY26 seat addition remains at approximately 40,000 seats, similar to the previous year
• Focus on expanding in Grade A commercial assets and premium offerings

Management Commentary

Amit Ramani, Chairman and Managing Director of Awfis Space Solutions, commented on the results: "We are pleased to share that we have begun FY '26 on a strong note, delivering a robust financial performance that reflects the strength of our business model and execution capability. Our performance highlights not only the resilience of our platform but also our ability to scale profitably while staying focused on service quality, client experience, and capital efficiency."

Sumit Lakhani, Chief Executive Officer, added: "We expect the Coworking segment growth momentum to remain strong through the remaining FY '26 as well. We've seen strong momentum from first-time GCC entrants, companies like ABC Fitness, Meltwater, amongst others, signing up for multi-market presence along with us, especially in key micro markets in Bangalore and Hyderabad."

Financial Position

Awfis maintains a strong financial position:

• Gross debt stood at INR 7.00 crores
• Debt-to-equity ratio improved to 0.02, down from 0.08 in Q1 FY25
• Net debt-to-equity ratio at -0.18

The company's robust Q1 FY26 performance underscores its strong position in the flexible workspace market, with continued growth in revenue, profitability, and operational metrics. Awfis remains focused on strategic expansion, premium offerings, and diversification of services to meet the evolving needs of its growing client base.