Source: Entrack
New Delhi, The workspace provider Awfis has diversified into the furniture business to lower costs and generate additional revenues. The company will now start producing and selling furniture products, marking a considerable shift from its central business of providing shared office space.
The decision came after Awfis obtained the approval from its shareholders to modify its Memorandum of Association enabling it to officially include furniture production and sales in its line of business.
Why this move?
Awfis has made an interesting choice to manufacture its own furniture and furnishings for its co-working centres. The goal will be to cut costs by not relying on vendors. By having furniture manufacturing done in house, they will have better efficiencies, cost savings, and more control over quality and design.
In addition to furniture and furnishings for Awfis’ centres, Awfis will sell office furniture and furniture products to other companies. Products will include desks, chairs, curtains, carpets, blinds, glass material, woodwork products, and décor products.
The company has made it now possible to operate in the furniture space as a manufacturer, importer, exporter, wholesaler, retailer, stockist and service provider, using wood, steel, plastic, fibre and leather.
Awfis will also offer cleaning, upholstery, packing and moving as a related service, making it a complete provider of furnishing for an office.
Financial Results Support Expansion
Awfis has consistently achieved strong financial results, which is one of the major prerequisites for a new business area. For the fourth-quarter of the financial year 2025 (Q4 FY25), the company generated ₹340 crore in revenue, representing a 47% growth from ₹232 crore in the same quarter in the previous year. Its profit also grew 8 times to ₹11.2 crore during the same period.
Finally, the company, Awfis, generated ₹1,208 crore in revenue and ₹68 crore in profit during the previous fiscal year (FY25), which provides additional support to them showing strong growth cycles and financial stability.
As of 10:41 AM, Awfis’s shares were valued at ₹644.20, which gave it a total market capitalization of approximately ₹4,593 crore (approximately $540 million).
What’s Next
By diversifying into the furniture market, Awfis aims to:
- Lower costs while establishing its own workspace
- Create another revenue stream
- Provide complete furnishing solutions to other businesses
This would enable Awfis to grow even further in terms of its presence in the flexible workspace market and serve more customer needs under one brand.
