AWFIS SPACE SOLUTIONS LTD

Operates a co-working office space network across India, renting flexible workspaces and allied services to enterprises, GCCs, and SMEs. The co-working segment on rent and allied services contributed 82.8% of FY26 segment revenue at INR 1,236.853 crore, while construction and fit-out projects (building and furnishing client offices) made up 17.2% at INR 256.631 crore. By end of FY26, the network ran 250 centers with approximately 167,000 operational seats across 18 cities, having added 30,000 gross seats across 41 new centers during the year, all positioned in Grade A or A+ buildings. GCC clients (100+) account for roughly 23% of rental revenue, and 48% of clients operate from multiple centers. The biggest cost line is other operating expenses at 52.4% of revenue (largely property rent and center operating costs), with depreciation at 25.7% and employee costs at 8.7%; FY26 capex was INR 208 crores. The design-build arm Awfis Transform generated INR 152 crores in third-party revenue in FY26, up from INR 95 crores in FY25, with a INR 130 crores pipeline already won for FY27.