Awfis Space Solution

Name

Awfis Space Solution

Legal name

Awfis Space Solutions Limited

Website

https://awfis.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Awfis Space Solutions Limited is India's largest publicly listed flexible-workspace operator, providing coworking, enterprise managed offices and mobility products across 266 centres and ~184,000 seats in 18 cities to GCCs, large enterprises, SMEs and freelancers.

Ownership category

akta.pro rank

Product category

Flexible Workspace / Coworking Services

NAICS

Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

akta.pro secondary industries

Space & Occupancy (MAC, Space Planning, Move Management) (BPABAAAG), Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK), Workplace Strategy & Space Standards (BPABAFAA)

Keywords

• Shared office space
• Coworking spaces
• Managed office solutions
• Virtual office services
• Enterprise workspace solutions

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices18 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Coworking Memberships & Seat Subscriptions: Recurring revenue from coworking memberships (fixed desks, flexi desks, cabins) sold by the day, week, month, or year. Coworking is the largest revenue contributor at over 83% of operating revenues. Pricing ranges from ₹300–₹500/day for day passes to ₹347–₹425/day for flexible seats.
2. Enterprise Managed Office Rentals: Long-term managed office contracts with enterprises and GCCs, often including design, build, and ongoing facility management under multi-year terms. 61% of occupier seats are taken by large corporates and MNCs; 100+ GCC clients contribute 23% of rental revenue.
3. Mobility Solutions (Meeting Rooms, Day Passes, Virtual Offices): Pay-as-you-go and bundled revenue from meeting room rentals, day passes, virtual office plans (Business Address, GST Registration, Company Registration), training rooms, and mobility bundles.
4. Design & Build / Awfis Transform (Intermittently Divested): Project-based revenue from Awfis Transform design-and-build services. Awfis divested its facility management arm 'Awfis Care' to SMS Integrated Facility Services for INR 27.5 Cr in September 2024. Awfis Transform was being moved into a wholly-owned subsidiary as a slump sale with completion timeline extended to end of CY2026.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels10 records

Core offering

Awfis Space Solutions operates India's largest publicly listed flexible workspace platform, providing ready-to-move coworking spaces (fixed desks, flexi desks, private cabins), bespoke enterprise managed offices, and on-demand mobility solutions including meeting rooms, day passes, virtual office plans (business address, GST registration, company registration), and training rooms. The company also runs Awfis Transform for design-and-build workspace execution, all delivered through an asset-light Managed Aggregation model across 266+ centres and ~184,000 seats in 18 Indian cities.

Product overview

Awfis Space Solutions Limited operates an integrated workspace solutions platform rather than a single product, combining four interconnected pillars: (1) Coworking Spaces (Fixed Desk, Flexi Desk, and Cabins) as the core shared-workspace offering, (2) Enterprise Solutions delivering fully customised managed offices, (3) Mobility Solutions providing on-demand Meeting Rooms, Day Passes, Cabin Daypass, Training Rooms, and Virtual Office / GST Registration / Company Registration plans, and (4) Awfis Transform, the in-house design-and-build module. These are complemented by two premium sub-brands — Awfis Gold (Grade A premium coworking) and Elite by Awfis (luxury executive coworking). The platform is accessed through the Awfis website and the 'Awfis Coworking' mobile application, and operates an asset-light Managed Aggregation model where landlords share part of the operational risk, covering 257–266+ centres and 177,000–184,000+ seats across 18+ Indian cities including Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Kolkata, and others.

Differentiator

Problem solved

Functional benefit

Brands

• Awfis Coworking: Coworking space solutions including fixed desk, flexi desk, and private cabins offered by the day, week, month or year
• Awfis Transform
• Elite by Awfis (Awfis Elite)
• Awfis Gold
• Awfis Now

Products and services

• Coworking Spaces (Fixed Desk, Flexi Desk, Cabins) Ready-to-move shared workspace solutions offered by the day, week, month, or year for freelancers, startups, SMEs, and mid-to-large corporates. Sub-formats include Fixed Desk, Flexi Desk, and private Cabins, bookable via Awfis website, mobile app, channel partners or sales/community managers.
• Enterprise Solutions (Managed Offices)

Quantifiable outcome

• 266 centres and 184,000 seats across 18 cities, serving ~3,500 clients at 76% occupancy (FY26)
• +8 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered major, minor and flagship.

• National Stock Exchange (NSE)majorStrategic or Co-development Partner · 12 November 2024Service agreement to design, build, and manage ~1.65 lakh sq. ft. across two floors at Adani Inspire in Bandra-Kurla Complex, Mumbai — tailored to NSE's business needs and employee well-being. Awfis already operated a coworking centre in the same building. Rounak Real Estate Consultants facilitated the transaction.
• SMS Integrated Facility ServicesminorStrategic or Co-development Partner · 1 September 2024Acquired Awfis' facility management arm 'Awfis Care' from Awfis Space Solutions for INR 27.5 Cr in September 2024, enabling Awfis to focus on its core coworking business.
• Prestige GroupflagshipStrategic or Co-development PartnerPartnership with Prestige Group to open 6 flex spaces in 2021 (4 Bengaluru, 2 Chennai), expanded to 18 flex spaces across 4 cities and 0.5 million sq. ft. Prestige provides Grade A buildings; Awfis operates flex centres (including upcoming Elite centres at Prestige Aerocity Delhi, Prestige Technology Park Bengaluru, Prestige 101 BKC Mumbai).
• BlackstonemajorStrategic or Co-development PartnerTier A real estate developer partner providing Grade A buildings for Awfis-operated flex / managed office centres.
• BPTPminorStrategic or Co-development PartnerTier A developer partner supplying buildings for Awfis flex workspaces.
• QParkminorStrategic or Co-development PartnerTier A developer partner supplying buildings for Awfis flex workspaces.
• SolitaireminorStrategic or Co-development PartnerTier A developer partner supplying buildings for Awfis flex workspaces.
• International WELL Building Institute (IWBI)majorStrategic or Co-development PartnerAwfis partnered with IWBI (via The Instant Group) to achieve WELL Health-Safety Rating, WELL Equity Rating across 35 locations, and WELL Coworking Rating at 15 coworking centers — making Awfis the first Indian coworking brand to hold all three WELL accolades simultaneously.
• The Instant GroupmajorStrategic or Co-development PartnerPartner in IWBI's WELL at scale pathway, enabling Awfis to obtain three WELL ratings (Health-Safety, Equity, Coworking) across its Indian footprint.
• JLLmajorGTM or Marketing PartnerCo-published 'Flex your Workplace' report (Dec 2021) with Awfis, providing joint research on flex workspaces and occupier preferences in India.
• ColliersmajorGTM or Marketing PartnerCo-published 'Colliers & Awfis Workplace & Flexibility Report' (July 2022) on evolving working patterns and occupier sentiment across Indian CRE.
• QDesqminorGTM or Marketing PartnerCo-published 'QDesq & Awfis Indian Flex Occupiers' Survey 2022' on post-pandemic workspace strategies.
• Rounak Real Estate ConsultantsminorChannel Partner/ Reseller/ DistributorReal estate advisory firm that facilitated Awfis' 1.65 lakh sq. ft. transaction with NSE at Adani Inspire BKC as the broker/advisor of record.

Scale indicators12 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• WeWork India: WeWork India is the largest direct competitor to Awfis, operating coworking and flexible office spaces across major Indian cities with a similar enterprise and SMB focus, premium positioning, and member experience platform.
• Indiqube: Indiqube (formerly IndiQube) is a Bengaluru-headquartered listed coworking operator providing managed offices and coworking across India, directly competing with Awfis for enterprise and GCC mandates in South India.
• BHIVE Workspace: BHIVE Workspace is a Bengaluru-based coworking and managed office operator serving startups, SMEs, and enterprises, comparable to Awfis in target customer segments and South India focus.
• 91springboard: 91springboard is a coworking operator in India focused on startups, freelancers, and SMEs with flexible memberships and day passes, comparable to Awfis's coworking and mobility products in Tier-1 cities.
• Smartworks: Smartworks is a listed Indian managed office and coworking provider serving large enterprises with bespoke office solutions, directly comparable to Awfis's enterprise managed office and GCC segment.
• The Executive Centre: The Executive Centre operates premium serviced offices and coworking in Asia-Pacific including India, comparable to Awfis Elite in targeting premium enterprise and CXO-grade customers.
• CoWrks (UrbanVault): CoWrks was an early Indian coworking competitor; the brand has been absorbed/repositioned under UrbanVault, continuing to compete with Awfis for enterprise and startup coworking demand in Bengaluru and other metros.
• Table Space: Table Space is a managed office operator in India offering custom-built enterprise offices, directly competing with Awfis's enterprise solutions and GCC-focused managed office mandates.

Broad incumbents

• IWG (Regus / Spaces): IWG is a global incumbent flexible workspace giant operating Regus, Spaces, and HQ brands worldwide. Its Indian footprint via Regus overlaps with Awfis in Tier-1 cities and competes for multinational enterprise clients.

Others

• Prestige Group (Office REIT / Flex Spaces JV): Prestige Group is both a strategic partner (supplying Grade A buildings to Awfis) and an adjacent competitor through its own flex space portfolio, making it a relevant ecosystem peer in the Indian flexible workspace market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/myawfis
• Facebookfacebook.com/myawfis
• LinkedInlinkedin.com/company/awfis
• Instagraminstagram.com/myawfis

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds10 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Awfis Space Solution