Awfis Space Solutions Limited has informed the Exchange regarding a press release dated May 13, 2025, titled "Elite by Awfis Welcomes GCC Clients, Plans Expansion AcrossMetro Cities".
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Awfis Space Solutions has onboarded three global clients at its premium workspace centres in Hyderabad. Meltwater and ABC Fitness have set up their Global Capability Centres (GCCs) at Elite by Awfis, while consulting firm Zinnov has joined at Awfis Gold. The company will design, build, and manage these office spaces. Elite by Awfis is expanding to new cities, with two upcoming centres in Bengaluru (Manyata Tech Park and Venus Block at Prestige Technology Park), plus further expansion in Mumbai and Delhi. Large corporates, GCCs, and MNCs collectively make up 63% of Awfis' client base. The company highlighted that India's GCC sector is projected to grow from $46 billion to over $85 billion by 2030.
Positive signal for shareholders — new premium client wins strengthen Awfis's positioning in the high-margin GCC segment and support revenue visibility. The multi-city expansion plan aligns with the strong industry growth projection, potentially driving future occupancy and revenue growth.