People · Enterprise Software & IT

Awfis appoints new CFO as former executive departs for better opportunities

By Startup Enthusiast · 5 January 2026

What they do

Awfis manages flexible office spaces by leasing properties and renting them out to businesses on short terms

The company appointed Sumit Rochlani as its new Chief Financial Officer effective February 3, 2026

This leadership change coincides with a reported drop in quarterly net profit despite strong revenue growth

Awfis Space Solutions announced that CFO Ravi Dugar has resigned from his position.
His relief date is set for February 2, 2026, after serving for over three years.
Dugar cited better career opportunities as the reason for his departure from the role.
He was part of the company's initial IPO team during its public listing process.
Sumit Rochlani has been appointed as the new Chief Financial Officer starting February 3, 2026.
Rochlani brings extensive experience in audit, controllership, and corporate finance to the Awfis leadership.
The board authorized the CFO to handle material disclosures under SEBI LODR Regulations.
The Nomination and Remuneration Committee approved an ESOP grant of 10,000 shares to employees.

Leadership transitions often signal strategic shifts or internal restructuring within growing companies.
The appointment of an internal candidate suggests continuity in financial management strategies.
This move follows a period of mixed financial results for the flexible workspace provider.

Awfis operates as a managed aggregator of commercial real estate assets across India.
The company leases properties, builds out office spaces, and rents them on flexible terms.
It serves startups, SMEs, large enterprises, and Global Capability Centers (GCCs) as clients.
Enterprise-led demand is rising, with large clients representing 34% of the portfolio.
The company operates 237 centres across 18 cities as of September 2025.
Most centres are located in tier I cities like Delhi NCR, Mumbai, and Bengaluru.
Operational capacity reached 1.47 lakh seats with 8,000 new seats added in Q2 FY26.
The board approved moving the 'design and build' vertical to a wholly owned subsidiary.
This structural change aims to provide independent scaling and better financial visibility for the division.

The company will focus on scaling its design and build vertical through a new subsidiary structure.
Management plans to continue expanding operational capacity in key tier I and II cities.

Peak XV (backer) — A prominent venture capital firm backing Awfis Space Solutions.