Executive Centre India Ltd IPO

One of the early international brands to lead the offering of premium flexible workspace solutions in India, with presence across the key markets in Asia.

Diversified and derisked portfolio of assets with an established long term track record that benefits from multiple growth drivers and synergies within the TEC Group.

Premium hospitality driven approach, which acts as a high barrier to entry, resulting in high-quality offering and highest revenue per square foot among our Benchmarked Peers in India.

Premium spaces in Grade A properties in Central Business Districts and key clusters and supported by long-term relationships with reputed landlords

The company has incurred loss for the year of Rs.(806.13) million, Rs.(563.15) million and Rs.(73.64) million, total equity of Rs.(27,284.37) million, Rs.(33,461.37) million and Rs.(33,493.70) million as of and for the financial years ended 2025, 2024 and 2023, respectively. This trend may continue in the future. Failures to generate and sustain increased revenues while effectively managing expenses could adversely impact the company's business, results of operations, financial condition and cash flows.

The company has entered into long-term lease agreements with the company's landlords for a Total Leasable Area for Operational Centers of 1.80 million square feet across 86 of its 89 Operational Centers in 14 cities in seven countries, as of March 31, 2025. Any inability to renew such lease agreements could materially and adversely impact on the company's business, financial condition, cash flows, results of operations and prospects.

The company primarilys generate license fees income (accounting for 84.69%, 84.32% and 83.95% of its revenue from operations in Fiscals 2025, 2024 and 2023, respectively). If the company's Clients prematurely terminate their license agreements, fails to renew their license agreements or do not honour their contractual payment obligations, the company's business, financial condition, cash flows, results of operations and prospects could be adversely affected.

The company may not be able to continue to retain existing Clients or attract new Clients in sufficient numbers (the company served 1,560, 1,262 and 1,108 Unique Clients in Fiscals 2025, 2024 and 2023, respectively). Further, if the company's managed solutions Clients choose not to renew their term, it would result in the closure of the company's Operational Center where the company operates managed solutions. Any failures to retain or attract Clients or non-renewal of terms by managed solutions Clients could adversely affect its business, results of operations, cash flows and financial condition.