Managed service provider The Executive Centre clocked a 24 per cent annual growth in revenue at $ 45 million during the last calendar year on rising demand for flexible workspace.
Hong Kong-based The Executive Centre (TEC) entered India in 2008 with its first property in Mumbai. It currently has 40 centres, comprising about 15,000 desks spread over 1.4 million square feet across seven major cities.
In an interview with PTI, Nidhi Marwah, Group Managing Director of South Asia and GCC at TEC, said, “2022 has been a watershed year for the flexible workplace industry.”
“In 2022, the number of flexible workspaces absorbed by companies exceeded most estimates and industry reports, demonstrating that the allure of flexible workspace industry has debunked the myth of the permanency of conventional office spaces,” she said.