EFC (I) Limited, India’s fast-growing integrated office infrastructure and design company, today announced its foray into Delhi NCR region – with the inauguration of its new managed office space at Noida.
Located at Graphix 2 in Sector 62, the Noida facility spans 65,000 sq. ft. and comes with a First Right of Refusal (FRR) for an additional 65,000 sq. ft. of space.
The new facility of EFC will house marquee brands, including Tata Capital and Virtuous Transactional Analyst, among others. EFC, too, has taken up a 25,000 sq. ft. office in the facility to house its regional operations teams.
Commenting on the new centre, Umeash Sahhaaii, Founder & CEO of EFC (I) Limited, said, “Delhi NCR has been among the top three national markets in office leasing. Dotted by reputed corporates and multinationals across IT, Media, BFSI and Manufacturing space, this economic hub remains a preferred location for corporates shaping and participating in the India-Bharat story. We at EFC are thrilled to open our first managed office space, along with our own operations hub, to participate in the growth offered in this market. Given our integrated proposition comprising office infrastructure and design, we continue to aim at expanding our footprints to similar high-growth destinations.”
Listed on BSE, EFC (I) Ltd clocked in Rs. 57.04 crore total revenues and Rs. 3.17 crore net profit for Q1FY24 on a consolidated basis. The rental income accounted for about 95% of its consolidated revenues, while fit-out contracts were around 5%. The company expects to ramp up its total capacity by 2.5 times to 60,000 seats by March 2024.
