Executive Centre opens its 5th Centre in Bengaluru
Business

Executive Centre opens its 5th Centre in Bengaluru

Bengaluru, Oct 5: Driven by the growing demand from its multinational clients, premium shared office provider, The Executive Centre (TEC) opened its fifth Centre in the city on Thursday and aimed to double it over the next five years.

Driven mostly by its multinational clients, TEC had been having a successful run in the city for the last 10 years with a growth of nearly 20 per cent compounded annual growth rate since inception. The growth had been higher in the recent years, Mr Paul Salnikow the CEO of the Hong Kong headquartered company told UNI here on Friday.

Operating in 122 locations in 13 countries the company has a turnover of USD 250 million.

The Indian operations with over a million sq ft of shared space provided to clients in 23 different locations would touch 50 centres over the next two and a half years he said adding that the growth was driven by the demand from its clients.

Offering niche services to the targeted business clients TEC based on requirements from India started two Centres in Colombo in Sri Lanka and is planning to set up a third one soon, he added.

He said instead of widening its footfall TEC was keen to deepen its presence in the cities where the requirement of such premium shared offices are required. He said around 76 per cent of the clients were multinationals with the balance being a mix of Small and Medium Enterprises and startups.

He said some of the Realty companies were also keen to partner with the company to provide premium shared office space which are specifically set up in Premium A list locations across the country. He said the workspaces had human centric design that enabled enhanced productivity and business profitability, Besides it also provided networking facility among the clients that would enable exchange of ideas. (UNI)