Published: 12th July 2024
By: Value Research
India's commercial office leasing market is booming, leading to a surge in flexible office spaces as well. The demand drivers? The bustling number of startups that grew 42% annually between 2018-23!
The optimism has the market betting on top players like Awfis Space Solutions, which is the largest player in India. Since its listing on May 30, 2024, it has soared over 30%.
Awfis’s revenue grew more than 5 times between FY19-24, but it has also incurred losses during this period, which made us wonder if there’a a better alternative?
EFC Ltd is a profitable flexispace player flying under the market’s radar, probably because it had been listed indirectly through an acquisition rather than an IPO.
The two share similar market cap and balance sheet size. But EFC takes the lead on many parameters like occupancy rates, operating leverage and backward integration.
A comprehensive comparison between the two flexible workspace providers is given in our story to help you decide better. Check it out from the link below.