Awfis, one of India’s top co-working space providers, has announced a bold step into the furniture business. The company will now design, manufacture, and sell furniture and related decor products as part of its new business strategy.
This shift marks the brand’s biggest diversification yet and reflects its long-term plan to control more of its operations while unlocking new growth areas. Awfis received shareholder approval to change its Memorandum of Association, officially allowing the company to enter the furniture and interior solutions space.
Offers Broad Product Range
Under the new model, Awfis can now handle everything from office furniture and home decor to rugs, carpets, blinds, and even services like cleaning and upholstery. This allows the company to furnish not only its own workspaces but also serve external clients looking for tailored furniture solutions.
By making its own furniture, Awfis expects to lower fit-out costs for its co-working spaces and open up an entirely new revenue stream through third-party sales. The expansion also brings flexibility, Awfis can act as a manufacturer, wholesaler, retailer, service provider, or even an agent for furniture products made from wood, leather, steel, fiber, or other materials.
Business Sees Strong Growth
This furniture expansion comes at a time of strong financial performance for Awfis. In the fourth quarter of fiscal year 2025, the company saw its revenue grow by 46% year-on-year, from Rs 232 crore to Rs 340 crore.
Its net profit during the same period surged by nearly 11 times, reaching Rs 11.2 crore. For the full year, Awfis posted total revenue of Rs 1,208 crore and a net profit of Rs 68 crore, highlighting both scalability and sustained profitability.
Is Awfis Profitable or Not?
Yes, Awfis is currently profitable. The company reported a full-year net profit of Rs 68 crore for FY2025 and achieved consistent growth quarter-on-quarter. Its strong performance in both revenue and earnings suggests that it has built a solid and sustainable business model. The entry into furniture is expected to strengthen its profitability further by reducing costs and unlocking new income channels.
