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Engaged Employer
Awfis
3.6
based on 153 Reviews
Company Overview
Company Locations
Working at Awfis
Company Summary
The Largest Network of Flex Workspaces in India - Awfis offers coworking spaces, enterprise solutions & ultimate mobility solutions for clients of all sizes.
Overall Rating
3.6/5
based on 153 reviews
8% below
industry average
Critically rated for
Promotions
Work Policy
Work from office
77% employees reported
Alternate Saturday off
46% employees reported
Strict timing
55% employees reported
No travel
44% employees reported
View detailed work policy
Top Employees Benefits
Cafeteria
7 employees reported
Health insurance
6 employees reported
Job/Soft skill training
4 employees reported
Professional degree assistance
1 employee reported
View detailed benefits
About Awfis
Founded in2015 (10 yrs old)
India Employee Count501-1k
Global Employee Count--
India HeadquartersDelhi,NCT, India
Office Locations
Websiteawfis.com
Primary Industry
Other Industries
As India embarked on an exciting journey of developing an innovative ecosystem for entrepreneurs, we have become an integral part of this journey by creating an affordable, tech-enabled, collaborative, high energy co-working environment for the entrepreneurial community. With a passion to create inspirational workspace solutions, Amit Ramani founded Awfis in April, 2015. The aim was to introduce a 'Sharing Economy' business model where one should be able to make 'Just-in-time' bookings for meeting rooms & work desks and enjoy a flexible, hassle-free, productive work environment.
We strongly believe that today’s startups need much beyond co-working. Therefore, we innovated the concept of Pro-WorkingTM that focuses on People, Proximity and Performance. Our aim is to bring workspaces closer and make them more accessible to people. We are committed to create an ecosystem to facilitate community based working advantage and facilitate Performance through strong operations, well defined training processes, consistent service quality and product offerings across all centres.
We are delighted to have nurtured many inspiring entrepreneurial success stories in our centres and have grown our community to 25000+ members. This number is growing every day providing us with a large, vibrant and diverse community that fosters an environment of knowledge sharing and cross-pollination of ideas. Under Awfis Rewards Program, we have curated 100+ strategic partnerships that provide exclusive offers to Awfis Members. We are also providing a platform for our community members to regularly interact, network, share ideas at our events, seminars and mixers.
Awfis Ratings
based on 153 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
5
66
4
32
3
19
2
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30
Category Ratings
3.7
Salary
3.7
Work-life balance
3.5
Company culture
3.4
Job security
3.4
Skill development
3.4
Work satisfaction
3.1
Promotions
Awfis is rated 3.6 out of 5 stars on AmbitionBox, based on 153 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Awfis
based on 148 reviews
3.7
Rated by 31 Women
Rated 3.7 for Company culture and 3.5 for Salary
3.7
Rated by 117 Men
Rated 3.8 for Work-life balance and 3.8 for Salary
Work Policy at Awfis
based on 39 reviews in last 6 months
Work from office
77%
Hybrid
23%
Awfis Reviews
Top mentions in Awfis Reviews
+ 5 more
Compare Awfis with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 153 reviews | 2.9/5 based on 119 reviews | 3.6/5 based on 83 reviews | 4.3/5 based on 67 reviews |
Highly Rated for | No highly rated category | No highly rated category | Work-life balance | Job security Company culture Salary |
Critically Rated for | Promotions | Promotions Salary Job security | Promotions Skill development Company culture | No critically rated category |
Primary Work Policy | Work from office 77% employees reported | - | Work from office 93% employees reported | - |
Rating by Women Employees | 3.7 Good rated by 31 women | 2.2 Poor rated by 52 women | 3.6 Good rated by 32 women | 3.7 Good rated by 18 women |
Rating by Men Employees | 3.7 Good rated by 117 men | 3.3 Average rated by 59 men | 3.6 Good rated by 42 men | 4.6 Excellent rated by 42 men |
Job security | 3.4 Average | 2.5 Poor | 3.5 Good | 4.2 Good |
View more
Awfis Salaries
Awfis salaries have received with an average score of 3.7 out of 5 by 153 employees.
assistant community manager
(50 salaries)
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₹4.6 L/yr - ₹7.4 L/yr
Community Manager
(46 salaries)
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₹3.6 L/yr - ₹9 L/yr
Project Manager
(12 salaries)
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₹9.5 L/yr - ₹16 L/yr
Cluster Manager
(11 salaries)
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₹9 L/yr - ₹16.9 L/yr
Assistant Manager - Legal
(10 salaries)
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₹7.8 L/yr - ₹12.2 L/yr
Facility Executive
(9 salaries)
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₹3 L/yr - ₹5 L/yr
Senior Sales Manager
(8 salaries)
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₹6.8 L/yr - ₹13.5 L/yr
Administration Executive
(8 salaries)
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₹3.6 L/yr - ₹4.7 L/yr
Sales Manager
(7 salaries)
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₹5 L/yr - ₹7.5 L/yr
Guest Relation Executive
(7 salaries)
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₹3 L/yr - ₹4.2 L/yr
Awfis Jobs
Popular Designations Awfis Hires for
Current Openings
Awfis News
View all
Market slump hits new-age stocks; many trade below IPO price
- Stock prices of nearly half of the 15 new-age companies listed since 2021 are trading below their IPO prices, with companies like Paytm, Delhivery, and Honasa Consumer being top losers.
- The poor performance of these stocks may be attributed to company-specific issues and a broader market slowdown trend.
- Over 20 new-age companies are planning to go public, but the market slump could shorten their IPO window, as per ET reports.
- Factors like poor results, regulatory concerns, and foreign institutional investor pullout are influencing sentiment in the market.
- As per BSE data, Paytm's stock is more than 65% lower than its IPO price, recovering from a 52-week low of Rs 310 to close at Rs 734.20.
- Honasa Consumer, facing operational challenges, is trading 32% lower than its issue price, with Mamaearth sales on a decline.
- Nykaa and Delhivery are also impacted by macroeconomic factors, trading below their IPO prices.
- Zomato and PB Fintech have stood out as gainers, with Zomato trading nearly three times higher than its IPO price.
- PB Fintech's revenue growth and expansion have led to stock market premium, while Swiggy, FirstCry, and Ola Electric are trading below their IPO prices.
- Mobikwik and Go Digit General Insurance are trading higher than their issue prices, while Awfis, Blackbuck, and Ixigo are significantly above their IPO prices.
Economic Times | 25 Feb, 2025
Weakening markets signal final call for startup listings
- The stock market slump is cautioning new-age companies eyeing IPOs, with concern over the window potentially closing soon.
- Concerns about sentiment and valuations were raised by executives from billion-dollar ventures at recent summits and conferences.
- Startups that initially preferred going public to private funding are now seeing muted valuations and a shift in investor interest.
- Since mid-December, the BSE Sensex has fallen significantly, adding pressure on IPO plans for over 20 companies preparing to go public.
- Market corrections have affected new-age stocks like Swiggy and Zomato, with some struggling post-listing and others like Awfis performing well.
- Several high-profile startups like Zepto, Groww, and Oyo Hotels & Homes are accelerating plans for IPOs, aiming for listings by September-October.
- Current market changes are prompting startups to reconsider valuations and timing for public listings, with many targeting submission of draft papers by April-May.
- The ongoing correction in the market and a growth slowdown in the US are driving tech-led businesses to potentially adjust their valuations and funding strategies.
- Founders may need to accept dilution in valuations, both in private funding rounds and potential IPOs, to navigate the shifting market conditions.
- As the market continues to fluctuate, companies preparing for IPOs are closely monitoring the situation to ensure successful public listings amidst challenging market dynamics.
Economic Times | 25 Feb, 2025
13 New-Age Tech Stocks Touch Fresh Lows This Week Amid Broader Market Decline
- New-age tech stocks saw mixed responses from investors this week, with some gaining and some declining in value.
- Zomato and Swiggy were among the gainers, with Zomato's shares rising by 6.60% and Swiggy's by 5.96%.
- Awfis, another gainer, gained 6.31% and was included in Nifty Total Market and Nifty Microcap 250.
- RateGain emerged as the biggest loser, with its stock falling by 14.66% this week.
- The Indian market witnessed a decline, with Sensex falling by 0.83% and Nifty 50 by 0.58%.
- Foreign institutional investors continued to sell Indian equities, with a focus on Chinese stocks due to attractive valuations and economic stimulus.
- Zomato regained investor interest with the launch of its customer support platform 'Nugget' and inclusion in major indices.
- RateGain struggled post its Q3 results, with its market cap dropping and ICICI Prudential Mutual Fund increasing its stake in the company.
- RateGain's consolidated net profit surged 40%, but its stock price declined, with strategic investments in product innovation and partnerships driving growth.
- ICICI Prudential Mutual Fund acquired additional shares of RateGain and the company onboarded Nok Air as a client for its pricing intelligence platform.
Inc42 | 23 Feb, 2025
Awfis Shares Slump 8% Post Q3 Results
- Shares of Awfis fell 8% despite a rise in net profit to INR 15.18 Cr in Q3 FY25.
- Awfis' operating EBITDA increased 59% YoY to INR 107 Cr in Q3 FY25.
- Operating revenue of Awfis grew 44% YoY and 9% QoQ in Q3 FY25.
- FII selling pressure and global uncertainties contributed to the dip in Awfis' stock.
Inc42 | 12 Feb, 2025
Co-working solutions provider Awfis posts Rs 15 Cr profit in Q3 FY25
- Co-working solutions provider Awfis Space Solutions Ltd. reported a profit of Rs 15 crore in Q3 FY25, compared to a loss of Rs 6 crore in the previous year.
- The company witnessed a revenue growth of 43.75% and recorded a revenue of Rs 316.47 crore in Q3 FY25.
- Total expenses increased to Rs 316.53 crore, with depreciation and amortization expenses reaching Rs 71.76 crore and other expenses rising to Rs 110.58 crore.
- Awfis aims to reach 135,000 operational seats by March 2025 and has an asset-light expansion model with 73% of new seat additions under the Managed Office (MA) model.
Yourstory | 12 Feb, 2025
Awfis reports 44% rise in Q3 operating revenue at Rs 318 crore
- Awfis, the Indian workspace provider, posted an operational revenue of INR318 crore ($43m) for Q3 2024, up 44% YoY on the back of a rise in occupancy rates and newly added seats. The firm also recorded a net profit of INR15 crore compared to a loss of INR6 crore YoY, while its total expenses rose to INR317 crore from INR232 crore during the same period in 2023. For FY24, Awfis cut its losses by 62.4% to INR17.5 crore, while operating revenue rose by 55.7% to INR848.8 crore. Awfis listed on the exchanges last year after an IPO, through which it raised INR128 crore in fresh capital.
- The office space-sharing company is operating in 18 cities, with 193 centres and over 121,000 seats as of 31 December 2024.
- Peak XV Partners has been reclassified from a promoter status to the 'public' shareholders group following approval by the board.
- Peak XV Partners sold 6.6 million shares in Awfis last year, netting INR431.54 crore.
- ChrysCapital also sold shares in the firm and the two investors together sold 8.5 million shares at INR709.90 per share for INR606 crore in December.
- Awfis's such revenues in Q3 2024 jumped by 55.7% to INR848.8 crore from INR545.2 crore in FY23. The company’s net profit was INR15 crore for the quarter.
- The total expenses of the company increased to INR317 crore from INR232 crore YoY in the December quarter.
- Operational EBITDA of Awfis increased by 59% to INR107 crore in Q3 2024 YoY from INR67 crore in Q3 2023.
- As of December 31, Awfis had operations in 18 cities and over 121,000 seats, covering a chargeable area of 7.2 million square feet.
- The real estate firm recently reported a record revenue for Q2 2024 with substantial EBITDA that helped the company in acquiring future projects.
Economic Times | 11 Feb, 2025
Awfis Gets Target Price Upgrade From ICICI Securities On Strong Industry Tailwinds; Sees 44% Upside
- Awfis, the first co-working/flexible workspace company in India, has received a target price upgrade from ICICI Securities.
- ICICI Securities sees a 44% upside for Awfis due to strong industry tailwinds.
- There is limited scope for comparison with industry peers as Awfis is the first of its kind in India.
- The target price upgrade reflects positive growth prospects for Awfis in the co-working/flexible workspace industry.
Bloomberg Quint | 18 Dec, 2024
Morgan Stanley, Societe Generale, two others buy Awfis Space shares for Rs 416 Cr
- Morgan Stanley, Societe Generale, Citigroup Global Mauritius, and Goldman Sachs have collectively purchased a stake in Awfis Space Solutions for Rs 416 crore.
- The shares were acquired through separate block deals at an average price of Rs 709.90 apiece.
- Other entities such as Axis Mutual Fund, Canara Robeco MF, Invesco MF, and Nippon India MF also bought shares of Awfis Space Solutions.
- After the transaction, Bisque's holding in Awfis Space Solutions has decreased to 9.85% from 14.38%.
Yourstory | 12 Dec, 2024
Peak XV, Bisque Offload Awfis Shares Worth INR 606 Cr
- VC giant Peak XV Partners and investment firm Bisque Limited offloaded Awfis shares worth INR 605.65 Cr.
- Peak XV sold 53.5 Lakh shares and Bisque offloaded 31.81 Lakh shares at a price of INR 709.9 per share.
- Invesco, Goldman Sachs India, Citigroup, Morgan Stanley Asia Singapore, Societe Generale, Whiteoak Capital, among others, purchased the shares.
- Awfis shares surged 80% since May, driven by positive analyst ratings and expansion plans.
Inc42 | 12 Dec, 2024
Awfis Space Block Deal: Invesco, Aditya Birla Sun Life, Goldman Sachs Buy Shares
- Promoter Peak XV Partners Investments V and public shareholder Bisque sold shares of Awfis Space Solutions Ltd. through a block deal.
- Invesco Mutual Fund acquired 1.54% stake for Rs 77 crore, Aditya Birla Sun Life Insurance bought 1.38% equity for Rs 69 crore, Ashoka WhiteOak Fund purchased 1.3% shares for Rs 65 crore, and Goldman Sachs acquired 1.22% stake for Rs 60 crore.
- Other buyers include Nippon India Mutual Fund, Axis Mutual Fund, UTI Mutual Fund, Morgan Stanley, Societe Generale, Citigroup, Union Mutual Fund, India Acorn Fund, and Canara Robeco Mutual Fund.
- Promoter Peak XV Partners Investments V offloaded 3.81% equity for Rs 190 crore, and public shareholder Bisque sold 7.17% equity worth Rs 357 crore.
Bloomberg Quint | 11 Dec, 2024
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Awfis FAQs
When was Awfis founded?
Awfis was founded in 2015. The company has been operating for 10 years primarily in the Real Estate sector.
Where is the Awfis headquarters located?
Awfis is headquartered in Delhi,NCT and has an office in New Delhi
How many employees does Awfis have in India?
Awfis currently has more than 500+ employees in India. Customer Success, Service & Operations department appears to have the highest employee count in Awfis based on the number of reviews submitted on AmbitionBox.
Does Awfis have good work-life balance?
Awfis has a Work-Life Balance Rating of 3.7 out of 5 based on 100+ employee reviews on AmbitionBox. 64% employees rated Awfis 4 or above, while 36% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Awfis work-life balance reviews for more details
Is Awfis good for career growth?
Career growth at Awfis is rated as moderate, with a promotions and appraisal rating of 3.1. 36% employees rated Awfis 3 or below, while 64% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Awfis promotions/appraisals reviews for more detailed insights.
What are the cons of working in Awfis?
Working at Awfis does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, based on 100+ employee reviews on AmbitionBox.
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