With expansion in 8 major cities, MyBranch assumes the position of largest co-working space provider in south India
Booming IT Industry and businesses in South India lead to flourishing co-working culture
MyBranch, a major office space solution provider, is setting up nine co-working centres across eight cities of south India in the States of Karnataka, Tamil Nadu, Telangana and Andhra Pradesh. The centres will suffice the demand in Bangalore, Chennai, Coimbatore, Hyderabad, Madurai, Vellore, Vishakhapatnam and Trichy. These centres boast close to 300 workstations and each centre is spread across an average area of 3000 sq ft. With these added centres, MyBranch becomes the largest shared office space provider in the south India by reach.
This expansion comes at a time when businesses are growing at an exponential rate across the major cities of south India. With rising number of industries and offices, the demand for shared working spaces is also skyrocketing.
The upsurge is linked to strict governmental control over private sector participation and increased foreign direct investment (FDI). Also, Information Technology is a growing field in South India with Bangalore home to over 200 software companies. Three of the country’s top software exporters—Bangalore, Chennai and Hyderabad—are also part of South India. Furthermore, businesses have caught pace post second wave of Covid-19, several organisations are expanding to new locations and start-ups are popping up, more and more industries and businesses are inclined towards reviving their functions from physical office spaces. As a result, demand for ready-to-move-in offices is generated in most cities. This demand is mostly recorded from industries like NBFC, Edtech, IT/ITeS, Logistic, Fintech, BFSI and FMCG. Bangalore, in particular is experiencing most demand from start-ups.
As per data, all kinds of shared office spaces like Virtual Offices, & Managed Office spaces are in demand these days. And MyBranch, abiding by their vow of growing with the clients, ensures all the necessary office support facilities at all the centres.
Along with space, the company provides IT infrastructural support, business grade internet access, on demand meeting, training and conference rooms for clients, CCTV surveillance and provision of cafeterias. MyBranch also allows the clients to display banners and branding visuals in their office spaces for promotional purposes. In most cities, parking facility is also available with MyBranch’s co-working centres. Moreover, the size also varies depending on the demand from particular clients in South India, from office spaces as small as 2000 sq ft with just a couple of seats to as big as 10000 sq ft, MyBranch has an array of services as well as office spaces.
Kushal Bhargava, the Co-founder of MyBranch says, “South-India is full of opportunities and possibilities. IT sector and other industries flourishing here. And with the market, grows the demand for shared and co-working spaces. The occupancy rate in south India market stands around 70% currently. So, at this time our only mission is to grow with our clients and service them. We don’t just provide them space, but we offer them comprehensive office space solution to meet their end-to-end demand”
To catch pace with growing market, MyBranch is making all efforts to make their network strong and much more robust. Till October 2021, MyBranch has set up new offices in 13 cities across India. Currently, the organization has office spaces in more than 50 cities in the country and now plans to expand to 100 locations across India including major cities of south India like Kochi, Mysore and Vijayawada by end of 2022.