The Executive Centre (TEC), the leading premium flexible workspace provider, has announced a change in its leadership for the South Asia & Middle East region with the promotion of its key senior executives. Rajat Kapur will be assuming the role of Managing Director, North India, United Arab Emirates, and the Kingdom of Saudi Arabia while Manish Khedia will be the Managing Director for South India, West India and Sri Lanka.
The promotions underscore the significance that TEC attributes to Kapur and Khedia who are amongst the most experienced and seasoned leaders, demonstrating successful performance throughout their tenure. Khedia who started with a 207 workstations centre at UB City, Bengaluru in 2013 now manages over 9,000 workstations across 36 centres in South India, West India and Sri Lanka. Over the last 3 years, Khedia has achieved 1.5 x regional revenue growth including 5 expansions in 2023 totalling 1,307 workstations. Kapur started with a 228 seated centre in Gurgaon and now commands over 6000 workstations, delivering significant growth rate across the North India and Middle East markets.
Speaking on his new role, Rajat Kapur, added, “The flexible workspace segment has been witnessing a steady rise in demand and the future looks promising. As we now embark on a new chapter of exponential growth, our goal is to enhance our presence in the South Asia and Middle East regions. We are dedicated to strengthening our sustainable expansion strategy, offering premium spaces in prime locations, and providing unparalleled hospitality. We aim to play a pivotal role in shaping the industry’s evolution and maintaining market leadership in the region.”
Manish Khedia further added, “As TEC celebrates its thirty years milestone in the industry, we are well positioned to steadily capture the premium flexible workspace market share specifically in West and South India. With the region attracting increasing foreign investment inflow and subsequent demand for infrastructure development, we can further solidify our leadership position in the region. We look forward to continuing offering our state-of-the-art premium solutions, meeting the ever-evolving needs of our most valued clients.”
In 2023, TEC expanded its footprint exponentially with an addition of 26 new Centres across its network globally. Driven by strong client demand, South Asia and the Middle East saw the most significant growth with 12 new Centre openings, effectively doubling TEC's footprint in the region since the pre-pandemic period. Going forward, Khedia and Kapur will play an essential role in TEC’s expansion strategy across the South Asia & Middle East region.
