Incuspaze acquires Pune's Trios to expand co-working business
, a managed office space provider, has acquired Pune-based co-working firm Trios in a cash and stock deal to expand its business.
The company did not mention the deal value.
Established in 2016, Incuspaze has a presence in more than 50 locations across 18 cities with a total portfolio of 40 lakh square feet. Founded in 2017, Trios operates 12 co-working centres in Pune and Gurugram.
In a statement on Monday, Incuspaze said it has acquired Trios to tap the growing demand for flexible workspaces in Pune.
"In a 100 per cent acquisition with a cash and stock deal, the topline revenue will be up by 10-15 per cent, contributing towards Incuspaze's target of Rs 350-400 crore revenue for 2025-26," it added.
Incuspaze founder and CEO
Sanjay Choudhary
said, "This acquisition will not only expand our regional footprint but also drive cost efficiencies and customer experience standardisation across all locations. We see Trios as a natural cultural and strategic fit".
Post-acquisition, the founders of Trios will continue to be associated with Incuspaze in expanded roles, supporting the integration process.
Customers from both companies can expect a seamless transition with enhanced offerings and no changes to pricing or service models.
Sanjay Chatrath, cofounder & Managing Partner of Incuspaze, said, "This acquisition marks a pivotal step in our journey to build a pan-India network of high-quality, flexible workspaces".
Recently, Incuspaze has set up a new company FlexLeaze to provide end-to-end office leasing solutions to corporates. It has appointed Rahul Sarin as co-founder and CEO of FlexLeaze.
Through this new business vertical, Incuspaze steps into the fit-out lease services segment within managed office spaces.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
18 minutes ago
- Business Standard
Govt to boost rare earth magnet output via PLI scheme, private sector push
Union Coal and Mines Minister G Kishan Reddy on Saturday said that the government has introduced Production Linked Incentive (PLI) schemes to encourage participation of private players in rare earth permanent magnets production. The Centre has initiated PLI schemes, which offer financial incentives tied directly to measurable outcomes and have been designed to boost domestic manufacturing. While talking to ANI, the Union Minister said, "For this, the Indian government has also started some PLI schemes to encourage it. We are paying attention to this subject. The Prime Minister has continuously discussed this subject. Recently, during his visit to 5 countries, discussions were held with different countries on this subject. The raw material of rare earth is also available in smaller quantities in India. Importing raw materials, processing them, and manufacturing permanent magnets for various applications, including cell phones, space technology, and defence, creates a huge demand. The Indian government is working seriously for this. This scheme has also been brought under it." Additionally, the Minister also highlighted India's shift in sourcing strategy, noting that India was previously entirely dependent on China for rare-earth permanent magnets. India, earlier, relied entirely on imports from China for the permanent magnets, the Minister said. He added that the Non-Ferrous Materials Technology Development Centre (NFTDC), supported by the Ministry of Mining in Hyderabad, has successfully prepared a permanent magnet processing unit equipped with the necessary machinery. The central government plans to provide the technology developed by NFTDC to private factories for manufacturing. "We used to be 100 per cent dependent on China for permanent magnets of the rare earths. But recently, China has refused to supply. With this view, the Indian government is making efforts for permanent magnet manufacturing. Our mining ministry's institute in Hyderabad has made efforts and prepared a permanent magnet processing unit with equipment. After three to four months, we will try to manufacture permanent magnets by giving the technology to different private factories," Reddy told ANI. In April 2024, China announced that it would impose export controls on certain rare earth-related items, triggering a global supply shortage, including in India. In the light of rare earth magnet production, on Friday, Pankaj Mohindroo, Chairman of India Cellular and Electronics Association (ICEA), welcomed the central government initiatives to ramp up rare earth magnet production in India, particularly the incentives the latter is earmarking for. Union Finance Minister Nirmala Sitharaman announced the setting up of the Critical Mineral Mission in the Union Budget for 2024-25 on July 23, 2024. The Union Cabinet in January 2025 approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 16,300 crore and an expected investment of Rs 18,000 crore by Public Sector Undertakings. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
19 minutes ago
- Mint
IOB must have a vision for 2047 aligning with Indias growth aspirations, says official
PTI Updated 12 Jul 2025, 05:59 PM IST Chennai, Jul 12 (PTI) Public sector Indian Overseas Bank must have a Vision for 2047 aligning with India's growth aspirations, M Nagaraju, Secretary, Department of Financial Services, Union Ministry of Finance, said. He urged the city-headquartered bank to continue serving the evolving needs of its customers with 'innovation and integrity.' Launching some of the key banking services at an event on Friday evening in the presence of the bank's Managing Director and CEO Ajay Kumar Srivastava, Nagaraju said the introduction of WhatsApp based banking services and Re-KYC (Know Your Customer) through Banking Correspondents would enhance customer service and overall performance of the bank. "The Bank must have a vision for 2047, aligned with India's growth aspirations, to continue serving the evolving needs of its customers with innovation and integrity," he was quoted as saying in a press release on Saturday. The other key initiatives launched by Nagaraju were the QR-based Real-Time Customer Feedback System, which is monitored centrally at the Customer Service Department of the Central Office of the bank. It is a seamless and accessible platform for customers to instantly share their service experience. Senior officials are alerted in real-time to enable swift corrective action, the bank said. Positive feedback is also used to recognise and motivate employees who deliver exemplary services. The WhatsApp-based banking services allow customers to check balances, obtain mini-statements and also locate branches of the bank. This service is available in regional languages, thereby promoting financial inclusion among rural and non-English speaking populations. Indian Overseas Bank continues to strengthen its digital footprint with a customer-first approach, contributing actively to the Government of India's vision of a digitally empowered economy, the bank said.
Time of India
23 minutes ago
- Time of India
Rs 25 crore enough? NRI couple asks how much net worth is needed to return and raise a kid in India, internet throws up wild numbers
In a world obsessed with high-speed careers and the constant hustle, one NRI couple's simple question is making thousands stop and think: How much net worth is enough to return to India and raise a child comfortably? A techie couple in their mid-30s, who have lived in the US for nearly 15 years, recently shared a heartfelt post on Reddit. With one young child and a solid financial base, they're now considering moving back to India, not for a job, but for a slower, more meaningful life. 'We'll probably take a break, spend time with family, and later look for something we truly enjoy. We don't want work to control our lives anymore,' they wrote. Their post struck a chord, especially with fellow millennials facing career burnout, parenting pressures, and the desire for work-life balance. The question they asked, 'What's a good number to retire early in India and live peacefully with a child?', triggered a wave of responses. What Did People Say Online? A widely shared response referred to the FIRE rule (Financial Independence, Retire Early): Live Events '33x your yearly expenses, invested well, is enough,' said one user. Another broke down what a comfortable, high-end lifestyle in India could look like: Rs 3 crore: 4BHK flat Rs 2 crore: medical buffer Rs 1 crore: gadgets, appliances, interiors Rs 12.5 crore: FIRE corpus to generate Rs 25 lakh per year Rs 2.5 crore: long-term travel Rs 4 crore: child's schooling + US college education 'So that's around Rs 25 crore. Some say it's a lot, but for 'fat FIRE', it's ideal, unless you want to live in South Bombay,' the commenter added. Real Talk: Costs, Culture Shock & Adjustments One person warned that lifestyle inflation is real in India too, 'If you're moving to Bandra, expect Rs 2 lakh/month for daily expenses, excluding Rs 1.25 lakh/month rent. Plus, expect at least 6-12 months of adjustment.' Another suggested an income-from-property plan, 'Buy 3-4 flats in cash. Stay in one, rent out the others. If done wisely, rental income alone can support your family.' Not Just About Money Concerns about health, education, and environmental conditions also came up. One user wrote, 'If you already own a house, Rs 1.5 to 2.5 lakh/month covers everything: food, school, and lifestyle. With Rs 10 crore invested at just 5% returns, you can live peacefully. No foreign holidays twice a year, but still a great life.' Another user added, 'We have around USD 5.5 million net worth (USD 3.6M in investments, USD 1.9M in property). As US citizens with OCI, we're considering moving, but it depends on many things: city, citizenship, kids' future.'
