EFC India opens managed office workspace facility in Noida

EFC (India), headquartered in Pune, has made its debut in the Delhi-NCR region with a newly established managed office space spanning 65,000 square feet, situated at Graphix 2 in Sector 62, Noida. This state-of-the-art facility includes a First Right of Refusal (FRR) option for an additional 65,000 square feet of space. Notably, EFC's new location will accommodate esteemed brands, including Tata Capital and Virtuous Transactional Analyst, among others. EFC has also secured a 25,000 square feet office within the facility to house its regional operations teams.Umeash Sahhaaii, the founder & CEO of EFC (India), expressed, Given our integrated proposition comprising office infrastructure and design, we continue to aim at expanding our footprints to similar high-growth destinations. On a consolidated basis, the company reported a total revenue of Rs. 57.04 crore and a net profit of Rs. 3.17 crore for the first quarter of the fiscal year 2024. Notably, rental income constituted approximately 95% of its consolidated revenues, with fit-out contracts accounting for the remaining 5%.