Urban Vault Eyes ₹50 Crore FY27 Revenue From Workplace Services After Securing ₹100 Crore Mumbai Deal
Bengaluru, May 16, 2026: Managed and flexible workspace provider Urban Vault has announced that it expects its rapidly growing office design, fit-out, and facility management vertical to generate approximately ₹50 crore in revenue during the 2026–27 fiscal year (FY27). The projected growth is being driven by a surge in demand from large enterprises looking for turnkey office solutions, the company said in a press release.
According to the company, there is a prominent shift among corporate clients and multinational corporations toward outsourcing the entire lifecycle of their workspaces. By shifting office design, interior fit-outs, furnishing, and day-to-day facility management to external experts, these enterprises are eliminating the need for substantial upfront capital expenditure while minimizing execution timelines and operational headaches.
Demonstrating its execution capabilities under this model, Urban Vault recently delivered a fully operational office spanning approximately 1.5 lakh square feet for a top-tier IT services company in Mumbai. The company completed the entire design and furnishing process within a tight 90-day window.
In tandem with the workspace delivery, Urban Vault secured a five-year facility management contract to oversee the maintenance and ongoing operations of the Mumbai facility. The comprehensive agreement generated an upfront revenue of roughly ₹25 crore for the initial fit-out and furnishing, alongside a recurring annual revenue of around ₹15 crore over the next five years. This brings the total value of the single contract to nearly ₹100 crore.
Commenting on the business momentum, Amal Mishra, Co-founder and CEO of Urban Vault, said: “We are seeing strong interest from enterprises that want fully managed office solutions without the burden of investing time and capital in office construction and ongoing maintenance. Our ability to design, deliver, and manage large offices within a short timeframe gives clients a faster and more efficient route to occupancy. We believe this business segment will become a significant growth driver for Urban Vault over the coming years.”
While traditionally recognized for its co-working and flexible workspace options, Urban Vault has strategically diversified its business to provide end-to-end solutions that cover workspace strategy, design, and long-term facility care. Management notes that this integrated approach addresses a vital corporate requirement for flexibility and speed in setting up modern offices.
The successful completion of major enterprise projects has positioned the fit-out and facility management vertical as a cornerstone of the company’s long-term expansion strategy. To date, Urban Vault has grown its national footprint to cover more than 2.80 million square feet, managing over 70,000 seats across 80-plus locations in major hubs like Bengaluru, Pune, and Gurugram. The firm continues to show robust financial health, tracking an expected turnover of over ₹200 crore for FY2025-26, representing a 70% year-on-year growth rate and an 18% profit after tax (PAT), the press release added.
