Workspace solutions provider Awfis Space Solutions Ltd. has projected a 30% revenue growth for the financial year FY26, driven by rapid expansion and increasing demand for flexible office spaces.
Growth Strategy & Market Expansion
Awfis sold 53,000 seats in FY25, up from 37,000 in FY24, and aims to add another 40,000 seats this year, bringing its total operational capacity to 1,35,000 seats. Including under-fit-out seats and letters of intent (LOI), the company expects to reach 1,52,000 seats in the first quarter of FY26.
Revenue & Occupancy Trends
- Current blended occupancy: 73%, with scope for improvement
- Mature centers: Expected to operate at 84% occupancy after 12 months
- Expansion impact: Larger share of portfolio will consist of mature centers, improving margins
Competitive Edge & Future Outlook
Awfis follows a Managed Aggregation (MA) model, which accounts for 67% of total seats and 64% of centers. This asset-light strategy enables shared capex and revenue with space owners, reducing financial risk while maximizing returns.
With strong market demand and a strategic expansion plan, Awfis is set to strengthen its leadership in India’s flexible workspace industry.
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