The Executive Centre India aims to achieve 10-15% revenue in FY25

May 2, 2024

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NEW DELHI: The Executive Centre (TEC), a workspace provider, has achieved revenue of USD 315 million (Rs 2,603 crore) representing a 11.2% year-on-year growth, globally. TEC Global EBITDA increased 12% year-on-year to USD 56 million.

The total adjusted EBITDA for 2023 was USD 19 million (Rs 159 crore) for TEC India. It delivered 31% growth in revenue over last year and contributed 26% to the overall adjusted EBITDA. TEC India achieved a 35% growth in EBITDA over last year.

Paul Salnikow, TEC Founder and CEO, of the company said, “India continues to be one of the biggest and fastest-growing markets for us with 35% growth in EBITDA over last year.”

TEC India aims to achieve 10-15% year-on-year growth in revenue in FY 2024-25.

In 2023, TEC added 26 new centres globally. TEC India opened eight new centres in 2023. Average occupancy of the company’s flexible workspaces stood at 92%.

  • Published On May 2, 2024 at 12:00 PM IST

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