The family office of Havells chairman Anil Rai Gupta sold the shares of Awfis at INR 685.01 each

One of the early backers of Awfis, QRG Investments & Holdings held 7.12% stake in Awfis at the end of March quarter of 2025

The coworking space provider’s consolidated profit zoomed 8X YoY to INR 11.2 Cr in Q4 FY25, while operating revenue grew 46% YoY to INR 339.7 Cr

Awfis’s early investor QRG Investment & Holdings has offloaded 3.89 Lakh shares of the coworking space provider in an INR 26.64 Cr bulk deal.

As per the BSE data, the family office of Havells chairman Anil Rai Gupta sold the shares of the company at INR 685.01 each yesterday. The stock ended yesterday’s trading session at INR 658.6 on the BSE, down 3.1% from its previous close.

One of the early backers of AwfisQRG Investments & Holdings is the second largest shareholder in the company, after Bisque Ltd. The family office held 7.12% stake in the coworking space provider at the end of the March quarter.

Founded in 2015 by Amit Ramani, Awfis claims to be the largest flexible space operator in the country. It operates 208 centres with 1.34 Lakh seats spanning 17 cities in India. Over the years, it has evolved from being a coworking network to a tech-enabled workspace solutions platform, catering to enterprises, freelancers, startups, and SMEs.

Last month, the company’s board approved changes in its memorandum of association (MoA) to expand its objects clause and foray into the “furniture, fixtures, and goods” segment, which is required for setting up coworking spaces.

In the same month, the company’s board approved the appointment of deputy CEO Sumit Lakhani as its CEO.

On the financial front, Awfis’ consolidated net profit zoomed 8X to INR 11.2 Cr in Q4 FY25 from INR 1.4 Cr in the year-ago period. Its operating revenue grew 46% to INR 339.7 Cr during the quarter under review from INR 232.3 Cr in Q4 FY24.

Amid the volatility in the Indian equity market, shares of Awfis are down over 8% on a year-to-date (YTD) basis. However, the stock has gained more than 37.7% in the past one year.