BHIVE Workspace is gearing up for a transformative expansion that promises to redefine the industry. Renowned for its innovative office space solutions, the company plans to nearly double its existing footprint, with a target of reaching 3 million sq-ft by the end of FY26.
In the last two years, BHIVE has significantly expanded its managed office portfolio by adding 1.5 million sq-ft. This rapid growth highlights the company’s ambitious strategy to meet the growing demand for flexible and dynamic workspaces. In just the past few months, BHIVE has launched several new properties, further strengthening its market position and capacity.
To drive this ambitious expansion, BHIVE is partnering with some of the world’s foremost International Property Consultants (IPCs), including Colliers, Cushman & Wakefield, CBRE, JLL, and Knight Frank. These collaborations are expected to streamline the expansion process and enhance BHIVE’s operational efficiency, marking a significant step towards solidifying its leadership position in the managed office space sector.
Financially, BHIVE is on a strong upward trajectory. The company is targeting revenues of circa Rs 350+ crores for FY 2024-25, effectively doubling its growth rate from previous years. This financial strength not only supports BHIVE’s expansion plans but also reflects its resilience and competitive edge in a rapidly evolving market, which has already made the brand the 3rd biggest flex lease player in Bengaluru by seat count and has recently expanded to Mumbai as well.
Shesh Rao Paplikar, founder and CEO of BHIVE Workspace, highlighted the company’s future aspirations: “In the last two years, we have added 1.5 million sq-ft. Looking at our current growth rate, we’re poised to add another 3 Million sq.ft. to our portfolio by the end of FY 26, across all the 6 major cities in India. This expansion aligns with our strategic vision and positions us for an Initial Public Offering (IPO) by FY26, showcasing our market strength and financial stability.”
