Urban Vault Projects ₹50 Crore Revenue Growth from Facility Management Services
Urban Vault to generate Rs 50 crore from design, fit-out, and facility management business
The Economic Times
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Urban Vault, a flexible workspace provider, aims to generate ₹50 crore (approximately $6 million USD) in revenue by FY 2026-27 from its design, fit-out, and facility management services. This growth is driven by increasing demand from corporations for turnkey office solutions, allowing them to streamline operations and reduce capital expenditures.
- 01Urban Vault recently completed a large office design project for an IT services company in Mumbai, delivering it in just 90 days.
- 02The company secured a five-year facility management contract worth nearly ₹100 crore (around $12 million USD), generating ₹25 crore (approximately $3 million USD) in upfront revenue.
- 03Urban Vault manages over 2.80 million sq. ft. and 70,000+ seats across 80+ locations in major Indian cities.
- 04The company anticipates a turnover exceeding ₹200 crore (approximately $24 million USD) in FY 2025-26, reflecting a growth rate of over 70% year-on-year.
- 05Amal Mishra, Co-founder and CEO, highlighted the trend of enterprises opting for fully managed office solutions to avoid the complexities of office setup.
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Urban Vault, a flexible workspace provider, is targeting ₹50 crore (approximately $6 million USD) in revenue from its design, fit-out, and facility management services by the fiscal year 2026-27. This anticipated growth is fueled by a rising trend among large enterprises to outsource office solutions, allowing them to focus on their core business while minimizing upfront capital investments.
Recently, Urban Vault completed a significant project for a leading IT services company in Mumbai, delivering a fully operational workspace in just 90 days. The company has also secured a five-year facility management contract worth nearly ₹100 crore (around $12 million USD), generating an upfront revenue of approximately ₹25 crore (about $3 million USD) and recurring revenue of ₹15 crore annually.
With a national portfolio exceeding 2.80 million sq. ft. and managing over 70,000 seats across 80+ locations in cities like Bengaluru, Pune, and Gurugram, Urban Vault is poised for significant growth. The company forecasts a turnover of over ₹200 crore (approximately $24 million USD) in FY 2025-26, reflecting a robust 70% year-on-year growth and an 18% profit after tax.
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Urban Vault's growth in facility management services may lead to increased job opportunities in the construction and maintenance sectors, benefiting local economies.
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