Awfis Space Solutions posts net profit of Rs 27.8 Mn

14 Aug 2024 CW Team

Awfis Space Solutions, a flexible workspace solutions provider, has reported net consolidated profit after tax of Rs 27.8 million during the quarter ended June 30, 2024. The company's net consolidated total income stood at Rs 267.87 million in Q1 FY25, it said in a BSE filing.

During the quarter ended June 30, 2024, the company has completed its initial public offer (IPO) of 15,639,638 equity shares of face value Rs 10 each at an issue price of Rs 383 per share. The issue comprised of 21.38% fresh issue aggregating to Rs 1,280 million and 78.62% offer for sale aggregating to Rs 4,709.3 million pursuant to IPO.

The total offer expenses are estimated to be Rs 509.83 million (inclusive of taxes), out of the total estimated expenses Rs 400.22 million (inclusive of taxes) is to be borne by selling shareholders.

As of June 30, 2024, the company has surpassed 100,000 operational seats and 169 operational centers. In Q1 FY25, it witnessed net addition of 5,368 seats and nine centers.

It achieved an exit month occupancy rate of 71%, with 84% occupancy at centers with over 12 months vintage. It continues its focus on maintaining an asset-light and risk-averse managed aggregation (MA) model, with maintaining a 64% concentration of centers and 67% of seats in the MA model.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..