₹125 crore investment expands The Executive Centre operations in India by 275,000 sq ft, establishing eight new centers, aiming for 10-15% revenue growth by FY25.
The Executive Centre (TEC), a flexible workspace provider based in Hong Kong, is investing ₹125 crore ($16.4 million) to expand its operations in India by 275,000 sq ft across six cities. This expansion, which includes eight new centers, aims to support a 10-15% revenue growth for FY25. TEC reported a 31% rise in India revenue in 2023 and plans to increase its footprint from 1.3 million to 2 million sq ft in the next two years, capitalizing on the growing demand for flexible workspaces.
October 16, 2024
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