Awfis Space Solutions Eyes 30% Revenue Growth in FY26, Expands Seat Capacity Jun 03, 2025
Awfis Space Solutions anticipates 30% revenue growth for FY26, driven by significant seat capacity expansion. The company sold 53,000 seats in FY25, up from 37,000 in FY24. Currently operating 135,000 live seats with visibility for 30,000 more, Awfis reports a 73% blended occupancy rate, with mature centers achieving 84%. The company expects improved profit margins due to the increasing proportion of mature centers in its portfolio.
Awfis Space Solutions Secures ₹800 Million Term Loan Facility Jun 02, 2025
Awfis Space Solutions Reports Robust Q4 Performance with Significant Revenue and Profit Growth May 26, 2025
Awfis Space Solutions Expands Client Base, Eyes Metro Growth in Coworking Sector May 13, 2025
More news about Awfis Space Solutions
17Apr 25
Awfis Expands Services with Premium Corporate Transportation Partnership
Awfis Space Solutions Limited has partnered with ECOS (India) Mobility & Hospitality Limited to provide comprehensive corporate transportation services. The collaboration offers various options including corporate car rentals, employee shuttles, chauffeured services, and self-drive options. This move aims to address commuting challenges for employees and expand Awfis' service portfolio beyond traditional workspace solutions. The partnership is designed to cater to diverse client needs, from coworking professionals to large corporate entities, with pan-India coverage and 24/7 support.
Awfis Space Solutions received a tax authority order for provisional attachment of bank accounts due to an alleged GST filing discrepancy of ₹4.42 crore. The company plans to reverse the disputed ITC amount. Despite this, Awfis proceeded with ESOP activities, allotting 1,34,951 equity shares under the 2015 plan and granting 1,44,382 new options under the 2024 scheme at varying price points.
19Feb 25
Awfis Space Solutions Faces Provisional Bank Account Attachment by Tax Authority
Awfis Space Solutions, a flexible workspace provider, is dealing with a provisional attachment of its bank accounts by tax authorities. The action stems from an alleged excess Input Tax Credit (ITC) claim of ₹4,42,26,020 in October 2024. The company plans to reverse the disputed ITC amount, citing recent legal changes. Awfis maintains that this will resolve the issue without financial impact. Meanwhile, the company continues with its corporate activities, including employee stock option allotments and upcoming investor conferences.