Awfis CFO Ravi Dugar Steps Down, Sumit Rochlani Assumes Role
Awfis announces CFO Ravi Dugar's resignation effective February 2, 2026, appointing Sumit Rochlani as new CFO.
Awfis announces CFO Ravi Dugar's resignation effective February 2, 2026, appointing Sumit Rochlani as new CFO.
India’s co-working market shows a divide in scale and profitability, with WeWork India leading in revenue but struggling.
Awfis reported Q2 FY26 revenue of Rs 366.86 crore, up 25%, but profit fell nearly 60% to Rs 16 crore.
QRG Investment sold its 82% stake in Awfis for Rs 140.9 crore, offloading 24,07,800 shares at Rs 585.14.
VBAP Holdings sold its 23.6% stake in Awfis for Rs 56.8 crore at Rs 570.12 per share through a bulk ...
QRG Investments sold 3,67,408 shares of Awfis at Rs 591.17 each, totaling Rs 21.94 crore in a bulk deal.
Awfis reported a 30% revenue growth to Rs 335 crore in Q1 FY26, with profit more than tripling.
Awfis has entered furniture manufacturing, aiming to reduce costs and improve operational efficiencies.
Awfis recorded a 47% YoY revenue growth and 8X profit increase in Q4 FY25, reaching Rs 340 crore.
Awfis recorded a 44% year-on-year growth, with profits at Rs 15.1 crore in Q3 FY25. Revenue hit Rs 318 crore.