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Latest news about EFC

EFC Ventures into Premium Retail Leasing, Targeting Metro and Tier-1 Cities 11 hours ago Yesterday

EFC (I) Limited, a flexible office leasing company, is expanding into retail leasing under 'EFC Retail Spaces'. The company will focus on high-end showrooms and shops in metro and tier-1 cities, including Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune, and Kolkata. EFC plans to launch the first phase by January 2026, offering compact luxury boutiques, flagship showrooms, high-street developments, and mixed-use properties. The company aims to partner with retail brands in fashion, electronics, F&B, lifestyle, and automotive sectors, as well as attract institutional investors. Founded in 2014, EFC currently manages over 80 centers across 10 cities, serving more than 600 corporates.

EFC Shareholders Approve Increase in Authorized Share Capital; Promoters Seek Reclassification 1 day ago

EFC (I) Limited Converts Rs 20 Crore Loan into Compulsory Convertible Debentures in Subsidiary 9 days ago

EFC (I) Limited Shareholders Approve Nikhil Bhuta's Re-appointment as Whole-time Director Sep 30, 2025

EFC Limited Expands Furniture Division and Secures New Passport Seva Kendra Contract Sep 19, 2025

More news about EFC

15Sept 25

EFC (I) Limited Shareholders Approve Merger with Whitehills Interior Limited

EFC (I) Limited held a virtual meeting on September 15, 2025, where shareholders voted to approve a scheme of amalgamation with Whitehills Interior Limited. The meeting, attended by 3 promoter group members and 74 public shareholders, was conducted in compliance with NCLT orders and regulatory requirements. The resolution passed with the requisite majority, based on combined results from remote e-voting and e-voting during the meeting.

08Sept 25

EFC (I) Limited Board Approves Key Leadership and Auditor Appointments

EFC (I) Limited's Board has approved the re-appointment of Mr. Nikhil Dilipbhai Bhuta as Whole-time Director for a five-year term from October 1, 2025, to September 30, 2030. Mr. Bhuta, a Chartered Accountant with 26 years of experience, has expertise in various industries. The Board also appointed M/s. Sachapara & Associates as the company's Secretarial Auditor for five consecutive financial years from FY 2025-26 to FY 2029-30. Both appointments are subject to shareholder approval.

15Aug 25

EFC (I) Limited to Merge with Whitehills Interior Limited, Shareholders to Vote on September 15

EFC Limited plans to merge with its subsidiary Whitehills Interior Limited, aiming to create operational synergies and enhance shareholder value. EFC will issue 3,77,30,000 new equity shares to Whitehills shareholders. The merger is expected to increase promoter shareholding from 45.46% to 60.45%. Whitehills has shown significant financial growth, with revenue increasing by 6000% and PAT by 6850% from FY 2023 to FY 2025. The combined entity aims to offer end-to-end workspace solutions, improving cost efficiencies and execution timelines. The merger is subject to shareholder, creditor, and regulatory approvals, with a shareholder meeting scheduled for September 15, 2025.

11Aug 25

NCLT Directs EFC to Hold Shareholder Meeting for Merger with Whitehills Interior

The NCLT Mumbai Bench has ordered EFC to convene an equity shareholders meeting within 90 days to consider a merger with Whitehills Interior Limited. EFC will issue 385 shares for every 1 share of Whitehills, adjusted for a recent bonus issue. The merger aims to create synergies, improve operations, and optimize resources. EFC's net worth stands at ₹3,947.71 crore, while Whitehills' is ₹840.73 crore. The merger requires shareholder approval and regulatory clearances.

30Jul 25

EFC India Reports 115% Revenue Surge to ₹220 Crores in Q1, Net Profit Soars 196%

EFC India Limited, a managed office solutions provider, reported impressive Q1 results. Revenue increased by 115% year-on-year to ₹220.00 crores, while net profit grew by 196% to ₹47.00 crores. EBITDA reached ₹102.00 crores with improved margins. The company's three main business verticals - Managed Office Solutions, Design and Build, and Furniture Manufacturing - all showed strong performance. EFC plans to add 20,000-25,000 seats annually and is exploring property acquisitions. The company maintains a strong balance sheet with a debt-equity ratio below 1:2.5, positioning it well for future growth and acquisitions.

29Jul 25

EFC (I) Limited Converts ₹15 Crore Loan into Debentures in Subsidiary EFC Limited

EFC (I) Limited has acquired 150 Compulsorily Convertible Debentures (CCDs) worth ₹15.00 crore from its wholly-owned subsidiary, EFC Limited. This transaction converts an existing unsecured loan into CCDs with a 0.001% interest rate. EFC Limited, operating in the managed office and co-working space sector, has shown significant growth with its turnover increasing from ₹119.18 crore in FY 2022-23 to ₹352.71 crore projected for FY 2024-25. The company provides flexible workspace solutions and has been rapidly growing since its incorporation in 2014.

24Jul 25

EFC Reports Strong Q1 FY26 Performance with 115% Revenue Growth

EFC, a real estate-as-a-service company, announced impressive Q1 FY26 financial results. Consolidated revenue surged 115.20% to ₹2,196.20 crore, EBITDA increased 120.40% to ₹1,022.50 crore, and PAT grew 196.50% to ₹467.60 crore year-on-year. All business segments showed strong growth, with Rental and Interior segments seeing significant revenue increases. Operationally, EFC added 145,000 sq. ft. of space, acquired Quantum Towers in Pune, and secured ₹1,000 crore in fit-out contracts. The company's subsidiary also won its first international order for a project in Saudi Arabia.

24Jul 25

EFC (I) Limited Reports Strong Q1 FY26 Results with 115% Revenue Growth

EFC (I) Limited has reported impressive Q1 FY26 results, with revenue increasing by 115% to ₹2,196.00 million. EBITDA grew by 120% to ₹1,023.00 million, while net profit surged 196% to ₹467.00 million. The company's performance was driven by growth across its rental, design & build, and furniture segments. Operational highlights include reaching 63,389 seats capacity, securing new contracts worth ₹1,000.00 million in fit-out projects, and expanding internationally with a project in Saudi Arabia.

27Jun 25

EFC Secures ₹57 Crore Interior and Fit-Out Contract

EFC, an interior design and furnishing company, has been awarded a significant contract worth ₹57.00 crore in the interior and fit-out sector. This substantial project is expected to boost EFC's order book and potentially impact its revenue positively in upcoming quarters. The contract underscores EFC's capability to secure high-value projects in the competitive interior and fit-out industry.

16Jun 25

EFC (I) Approves Application for NSE Listing, Eyeing Expanded Market Presence

EFC (I) Limited's board has approved a proposal to apply for listing the company's equity shares on the National Stock Exchange (NSE). This strategic move aims to broaden market presence, increase visibility among investors, and potentially enhance share liquidity. The decision aligns with growth strategies to improve market accessibility, though the actual listing remains subject to regulatory approvals and market conditions.

13Jun 25

EFC (I) Board Approves Proposal for NSE Listing, Eyeing Expanded Market Presence

EFC (I)'s Board of Directors has approved a proposal to list the company's equity shares on the National Stock Exchange (NSE) of India. This strategic move aims to broaden the company's market reach and enhance its visibility in the Indian stock market. The NSE listing could potentially provide EFC (I) with increased visibility, improved share liquidity, and easier access to capital for future growth initiatives. The company will now proceed with the formal application process for NSE listing, subject to regulatory approvals.

05Jun 25

EFC (I) Expands into Managed Office Space with BigBox Serviced Office LLP Acquisition

EFC (I), listed under ISIN INE886D01026, has acquired a 99.99% ownership stake in BigBox Serviced Office LLP. This strategic move marks EFC (I)'s expansion into the managed office and co-working space sector, positioning the company to capitalize on the growing demand for flexible workspace solutions. The acquisition aligns with current market trends favoring adaptable office environments, especially in the post-pandemic era.

02Jun 25

EFC Expands Passport Seva Kendra Portfolio with Two New Projects in Hyderabad

Electronic Financial and Commercial Services Limited (EFC) has been awarded two additional Passport Seva Kendra (PSK) projects in Hyderabad, expanding its presence in the passport services sector. These projects are part of a rate contract agreement and follow EFC's previous PSK project in Ahmedabad. The expansion is expected to enhance passport application and processing services in Hyderabad and potentially contribute to EFC's revenue growth, market presence, and operational expertise in the e-governance sector.

30May 25

EFC Reports Robust Q4 Performance with Doubled Revenue and EBITDA

EFC announced impressive Q4 financial results, with revenue soaring 125% to ₹2.10 billion. EBITDA more than doubled to ₹1.10 billion, while net profit increased by 10% to ₹308.00 million. Despite overall growth, the EBITDA margin slightly decreased to 52.00% from 56.13% in the previous year.

24Apr 25

EFC Limited Secures Landmark ₹183.00 Crore Interior Turnkey Fit Out Contract

EFC Limited, a subsidiary of EFC (I) Limited, has won a ₹183 crore interior turnkey fit out contract from a leading Indian multinational corporation. The contract involves comprehensive interior work, showcasing EFC's capabilities in handling complex infrastructure projects. Managing Director Umesh Sahay expressed enthusiasm about the contract, emphasizing the company's commitment to excellence. This win is expected to positively impact EFC (I) Limited's financial performance and reinforces the company's position in the interior design and build sector.