Great work @manhar and @Darshan_Gala. I also visited a couple of offices in Pune and below are some of the insights ( I will not repeat the points that you have mentioned such as inclusions and exclusions etc.):
- Sprint is premium as compared to EFC. The difference in the rent is around 500 to 1000/seat.
- The EFC had 3 floors in the building that I visited and they were planning to acquire one more floor.
- Of these 3 floors, one floor was entirely occupied by Conneqt (an Quess Corp company)
- They have acquired 2 more floors in another office which is around 500 meters from the existing office
- They usually go for grade-B or grade-C property but the location is the key.
- Both the offices that I visited were main road-touch with good connectivity.
- Once they take property, do some renovation and once the occupancy starts increasing, the grade of the property also improves.
- The office that I visited in Pune, was grade-C, which later got upgraded to B.
- The offices are cleaned every morning and deep-cleaning happens over weekend. It was actually happening when I visited the office on Saturday.
- Asked the salesperson “why their charges are lowest in the area” and he said that they do everything in-house, including design and build and hence their rates are lowest.
- Spoke with employees of the some of the companies there and got positive feedback only. All were saying that admin staff of EFC is very helpful and available for all the help required.
- One of the employee highlighted recent incident where someone from his company needed emergency hospitalization and EFC admin team went above and beyond to help the person in need. In fact one of the EFC admin staff offered to donate his plasma for the patient.
- Some of the clients present in the office that I visited were:
- Conneqt
- Dataverze
- Pixstone
- ApTask
- Contentserv
- Distinct Digital Media
- ClimateHub
- Acensys
- Crestere
- Blue automation
- ProcDNA
- EFC usually keeps some space vacant in the office/property in order to allow existing clients to expand without having to move anywhere else.
- Most of their clients continue with EFC for very long duration and usually leave only when their size becomes too big.
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