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The Office Pass (TOP) to launch its 13th Coworking space in Delhi NCR

Gurugram, November 16, 2022: Neighbourhood Coworking operator The Office Pass (TOP), which currently runs 12 Coworking offices in Delhi NCR, plans to open a new office in Gurgaon by November end. The new office will be launched in Unitech Cyber Park, Sec 39, Gurgaon (near HUDA City Centre metro station). This will be TOP’s 11th office in Gurgaon and third one in Cyber Park complex. With this opening, TOP will reach a capacity of 1,200 seats in the Cyber Park complex.

 “As companies move away from traditional leases and people prefer to work from an office close to their place of residence, we are experiencing good demand for our Neighbourhood Coworking model. TOP’s revenue in FY’22 grew by 135% and our business turned EBDITA positive. TOP expects similar growth in FY’23.,” said Aditya Verma, Founder & CEO, The Office Pass (TOP).

 According to a press release issued by the company, TOP’s 12 existing offices (10 in Gurgaon and one each in Noida and South Delhi) are running at around 90% occupancy. This expansion will strengthen TOPs dominant position further and will make it the largest Coworking operator in Delhi NCR with 13 operational offices. The company hopes to achieve break-even in the new office within 3-4 months of the opening. 

Commenting on the company’s expansion Brijesh Damodaran, Partner, Auxano Capital one of the early investors in The Office Pass (TOP) said, “TOP is the first player in the Neighbourhood Coworking space and today it’s a market leader in this space. Managing the working capital efficiently along with being diligent in identifying new office spaces has been its USP. Increasing its geographical reach outside of NCR is the next big step for TOP and 2022/23 should see this in action.”