Urban Vault Leases 50,000 Sq Ft Office Space in Bengaluru CBD

26 May 2025 CW Team

Managed flexible workspace provider Urban Vault has leased 50,000 square feet of premium office space in Bengaluru’s Central Business District (CBD). The new facility spans three floors at Prestige Obelisk on Kasturba Road and will accommodate nearly 1,000 seats.

The per-seat cost is close to Rs 10,000. This lease adds to Urban Vault’s portfolio of over two million square feet and more than 30,000 desks across India. The land is owned by Zackria Hashim and Sadath Ali Kahan, co-founders of KRPL Ventures LLP, who currently own multiple floors in the building.

Prestige Obelisk is an 11-storey Grade A commercial building developed by Prestige Group, offering 180,000 square feet of office space.

In October last year, Urban Vault leased 200,000 square feet in Bengaluru’s CBD across two buildings, HM Square and Prestige Obelisk, to meet growing corporate demand.

In the 2024-25 fiscal year, Urban Vault posted a turnover of Rs 1.20 million, with 18 per cent profit after tax and an EBITDA margin of 30 per cent.

Source: Hindustan Times

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..