Latest news with #SumitLakhani
Time of India
26-05-2025
- Business
- Time of India
Awfis posts net profit of 11.23 crore in Q4 FY25, elevates Sumit Lakhani as CEO
NEW DELHI: Awfis Space Solutions , a flexible workspace solutions provider, has reported net consolidated profit of ₹11.23 crore during the quarter ended March 31, 2025. Its profit after tax stood at ₹1.37 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹359.45 crore in Q4 FY25, a growth of 49.09 per cent from ₹241.10 crore it recorded in the similar quarter last year. Amit Ramani , chairman and managing director of the company said, "Our revenue rose by 42% year-on-year, reaching ₹1,208 crore in FY25. Additionally, operational EBITDA grew by 64% during this period to ₹402 crore, resulting in an EBITDA margin of 33.3%. This represents an expansion of over ~440 bps compared to FY24, exceeding our initial expectations." The company reached the targeted 1,35,000 operational seats by March 2025. Since March 2024, it has added over 39,000 seats and 48 centers, bringing its total to over 1,34,000 seats across 208 operational centers. Including fit-outs and LOIs, the company now has around 1,64,000 seats covering 8.4 million sq ft. It reported operating revenue of ₹1,208 crore in FY25, registering a growth of 42% year-on-year. Operating EBITDA margin for FY25 was at 33.3%, improved by 440 bps year-on-year basis. The company also elevated Sumit Lakhani as chief executive officer (CEO) of the company. He will focus on P&L, daily operations, and customer-centric initiatives along with sales, marketing, and supply acquisition. Ramani will focus on company growth, new business initiatives, Awfis Transform (Design and Build), as well as overseeing core enabling functions such as Finance, HR, Legal, and Administration.
Entrepreneur
26-05-2025
- Business
- Entrepreneur
Awfis Names Sumit Lakhani as New CEO in Strategic Leadership Move
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Awfis Space Solutions, a leading provider of flexible workspaces in India, has announced the elevation of Sumit Lakhani to the position of Chief Executive Officer (CEO). This leadership change marks a key moment in the company's growth, aimed at boosting daily operations and customer-focused strategies. Sumit has been with Awfis since its beginning and has helped shape the brand, customer experience, and marketing strategies. As CEO, he will now lead operations, sales, marketing, and supply acquisition. "I am truly honoured to take on the role of CEO at such a pivotal moment in Awfis' evolution," said Sumit. "From our early startup days to becoming India's leading flex workspace provider, it has been a great journey. I look forward to deepening our impact, scaling new heights, and continuing to deliver value to our clients, partners, and teams." Amit Ramani, Founder and Chairman and Managing Director of Awfis, will continue to guide the company's overall strategy. He will focus on growth, new business ventures like Awfis Transform (Design and Build), and core departments such as finance, HR, legal, and administration. "This leadership transition is a significant step forward in our journey of scaling Awfis into a futuristic, world-class organisation," said Amit. "Sumit has played a key role in Awfis' growth story. His clear thinking, team collaboration, and innovative mindset make him the right person for the role. I'm confident he will lead with excellence." Before joining Awfis, Sumit held senior roles in investment banking, asset management, and IT services at Yes Bank, ST Asset Management, and Tesco. He is an alumnus of S.P. Jain Centre of Management and is known for his strategic thinking and forward-looking ideas. With this leadership change, Awfis is set to strengthen its position as a tech-enabled workspace provider. The company, which operates over 200 centres in 18 cities, plans to expand further into new markets and enhance its offerings for businesses of all sizes. Awfis continues to focus on creating smart, flexible workspaces that meet the changing needs of today's workforce, helping companies thrive in a modern business environment.
Business Standard
26-05-2025
- Business
- Business Standard
Awfis elevates Sumit Lakhani as CEO
Awfis Space Solutions announced the elevation of Sumit Lakhani as Chief Executive Officer (CEO). This strategic leadership transition marks a significant milestone in the company's growth journey and is designed to further strengthen its operational focus and execution capabilities. As CEO, Sumit will focus on P&L, daily operations, and customer-centric initiatives along with sales, marketing, and supply acquisition. Amit Ramani as Founder and Chairman & Managing Director, will continue to be at the helm, provide overarching strategic direction, ensuring Awfis stays at the forefront of innovation and long-term value creation. His focus will be on company growth, new business initiatives, Awfis Transform (Design and Build), as well as overseeing core enabling functions such as Finance, HR, Legal, and Administration. Amit's leadership will guide the next phase of expansion, capital efficiency, and multi-line diversification, anchoring Awfis as a future-ready enterprise.
