EFC India opens 65,000 sq ft managed office workspace facility in Noida, ET RealEstate
NEW DELHI: Pune-headquartered EFC (India) has forayed into Delhi-NCR with its new 65,000 sq ft managed office space located at Graphix 2 in Sector 62, Noida.
The facility comes with a First Right of Refusal (FRR) for an additional 65,000 sq. ft. of space.
The new facility of EFC will house brands, including Tata Capital and Virtuous Transactional Analyst, among others. EFC, too, has taken up a 25,000 sq. ft. office in the facility to house its regional operations teams.
Umeash Sahhaaii, founder & CEO of the company said, “Given our integrated proposition comprising office infrastructure and design, we continue to aim at expanding our footprints to similar high-growth destinations.”
The company clocked in Rs. 57.04 crore total revenue and Rs. 3.17 crore net profit for Q1 FY24 on a consolidated basis. The rental income accounted for about 95% of its consolidated revenues, while fit-out contracts were around 5%.
The company expects to ramp up its total capacity by 2.5 times to 60,000 seats by March 2024. It currently has presence in eight cities spanning 36+ centres totalling 1.5 million+ sq. ft. area and 25,000+ seats.
