Success in my Habit

Friday, January 11, 2013

Imperial Servcorp to invest $5 m in India expansion

Hyderabad: Imperial Servcorp plans to add three more centres in India by next year investing about $ 5 million in developing them to offer unbranded serviced office space and virtual office services.

Part of the Australian company Serve Corp with presence in over 50 countries, and operating out of two locations in India through a venture with K. Raheja Corp, is now embarking on expansion. “We have identified Gurgaon, Delhi, Bangalore and Pune for setting up offices,” said Meenal Sinha, Country Head Imperial Servcorp India.

She told Business Line that the last few years in India through its presence in Raheja Mindspace in IT hub of Hyderabad and in Mumbai, has been exciting and Servcorp venture serves over 400 clients, which includes start ups, service providers and multi-national companies looking to expand in India.

Through the venture with K. Raheja Corp, the company has been offering serviced office space to clients. “We are now in the process of finalising deals with other developers in Gurgaon, Bangalore, Delhi and expect to begin operations during the year,” she said.

“Most companies, who identify a city for expansion, begin operations as start ups using our serviced office space facilities. This enables them to complete their task and then move on to their own facility. They get advantage of a full office using our facilities,” she said.

Apart from this, the $40-million investment by Serve Corp has enabled these clients to access latest technologies and use virtual office spaces. The secretarial services respond to their customers as if they were their own staff.

These facilities enable clients to commence operations in less than 24 hours offering access to board rooms and conference facilities. The market for such services will get bigger and spread to tier II cities too, she said.

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