Bangalore, NFAPost: The Executive Centre (TEC), one of the Asia’s largest flexible workspace provider, announced the company’s plan to invest Rs 200 crore in India.
The company started operation in Hongkong in the year 1994 and today has more than 150 centres in 32 cities and 14 markets. TEC is also the third largest office business in Asia.
According to a release issued by the company, the the investment will be primarily utilised to set up over 8 to 10 additional centres in the country and it will further augment TEC’s position as one of the Asia’s largest flexible workspace providers.
TEC also aims to engineer an exemplary experience for its members while retaining its value proposition and commitment. TEC primarily caters to ambitious professionals and industry leaders who are looking for a place for their organisation to thrive. At the same time TEC has also cultivated an environment which has been designed for success with a global network with sights to go further and grow faster.
Commenting on the company’s investment, TEC Group Managing Director of South Asia Nidhi Marwah said TEC is continuously anticipating new ways to facilitate the growth of the organisation and our members as well.
“Post the successful investment of Rs 100 crores in 2020, our outlook for the industry remains bullish, encouraging us to double the investment of Rs 200 crores to facilitate future growth. This investment will ensure that we continue to provide a melting pot of experiences. The Indian market has always played a vital role in the success of TEC and our commitment towards the growth of this market remains unwavered,” said Nidhi Marwah.
Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. TEC also aims to empower ambitious professionals and organisations to succeed.
Also the pandemic has caused interruption in the commercial real estate because of which the flexible workspace industry has become more relevant than ever. Organisations across sectors are reassessing their real estate holdings, which includes both long- term and the short-term and this has been done by looking for workspaces where they can scale up and scale down by accommodating new work cultures and schedules.
According to the JLL report titled “Reimagining Human Experience” findings, about 66% of employees expect to be able to work from different locations post Covid-19. “Therefore for the institutions, adopting flexibility in the workspace has become a concrete requirement,” states the report.
As per the new requirement, TEC has recently opened its new centres in Pune, Bangalore and Mumbai and the company currently has over 30 centres spread across India. Also TEC provides first class private and shared workspaces, business concierge services, and meeting and conference facilities to suit any business’ needs.
