Company Secures Nearly ₹100 Crore Enterprise Office Contract Including Five-Year Facility Management Mandate
Urban Vault expects its office design, fit-out, and facility management business to generate nearly ₹50 crore in revenue during FY 2026–27. The projection comes amid increasing demand from enterprises and multinational companies for turnkey office solutions.
The company recently completed a nearly 1.5 lakh sq. ft office project for a leading IT company in Mumbai within 90 days. The engagement included office design, furnishing, and a five-year facility management mandate, taking the total contract value to nearly ₹100 crore.
According to Urban Vault, corporates are increasingly opting to outsource office design, fit-outs, furnishing, and operational management instead of investing significant upfront capital in workplace development and maintenance.
Under this model, companies work with specialized firms to create ready-to-move-in offices while outsourcing day-to-day facility operations. The approach is aimed at reducing execution timelines and operational complexity for enterprises.
Recently, Urban Vault delivered a fully operational office space for a leading IT services company in Mumbai within a 90-day timeline. Along with the office fit-out and furnishing, the company also secured a five-year facility management contract for the client.
The project generated upfront revenue of approximately ₹25 crore from fit-out and furnishing activities, while the facility management agreement is expected to generate recurring revenue of around ₹15 crore annually over the next five years. The combined value of the agreement is estimated at nearly ₹100 crore.
Speaking on the development, 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.”
Traditionally focused on managed office and flexible workspace solutions, Urban Vault has expanded its services to include workplace strategy, office design, fit-outs, furnishing, and facility management.
The company stated that the integrated business model is aimed at addressing enterprise demand for faster workplace creation, operational flexibility, and efficiency.
With growing enterprise mandates and increased client demand, Urban Vault expects the fit-out and facility management segment to become an important contributor to its overall business growth strategy.
Over the years, the company has expanded its portfolio to more than 2.80 million sq. ft., managing over 70,000 seats across more than 80 locations in Bengaluru, Pune, Gurugram, and other major cities. Urban Vault expects turnover to exceed ₹200 crore in FY2025-26, supported by more than 70% year-on-year growth and 18% PAT.
