Over the past few years, India has become a preferred global destination for business expansion driven by its talent pool, growing economy, and excellent startup ecosystem. Most MNCs preferred a traditional office setup when entering the Indian market. However, the situation changed after the pandemic, and companies are increasingly prioritising cost optimisation, agility and flexibility.
This shift in preferences has increased companies’ demand for coworking spaces to establish operations in India. Let’s explore why this trend is rapidly gaining momentum over traditional office models.
What Makes Coworking Spaces Attractive to MNCs
Let’s start with busting a myth. Coworking spaces are just for startups. In reality, these spaces are perfect for companies of all sizes and natures as they offer:
- Fully managed office space with excellent IT support.
- Premium office locations in renowned business hubs.
- Option to customise the office space as per team size.
- Plug-and-play flexibility supporting quick entry and exit.
These offerings make coworking spaces a strategic and future-ready choice for multinational corporations and not just a temporary solution.
Cost Efficiency and Risk Mitigation
If MNCs consider traditional offices, they would make heavy investments in interiors, leases, and utilities. On the other hand, using coworking spaces will eliminate upfront CAPEX, enabling companies to adopt a flexible OPEX model. Thus, helping MNCs test the Indian market, manage headcount changes, and reduce long-term commitments. For instance, a global fintech company can start with 20 desks in a coworking space and scale up to 200 within the same network, testing market potential without long-term commitments.
Speed of Setup and Operational Ease
Everyone wants to start operations as quickly as possible, and that is why MNCs prefer coworking, as it enables you to start the business immediately. These spaces are ready to use from the first day, so you won’t have to endure long delays in vendor management, facility setup, or procurement. You will get services such as meeting rooms, high-speed internet, IT support, and housekeeping services already in place. Hence, coworking is perfect for MNCs looking to launch pilot projects, new departments, or regional teams.
Access to Prime Business Locations
The coworking spaces in India are strategically located in premium business districts such as HITEC City in Hyderabad, Whitefield in Bengaluru, and BKC in Mumbai. Opting for these spaces can help companies find top-tier locations in India without the hassle of long-term leases at very reasonable costs. For example, iKeva can offer you the best places in key corporate zones, making it an ideal solution for businesses entering or expanding in a new market.
Networking and Local Market Integration
Coworking spaces are ideal for networking, as enterprises, startups, and freelancers all work in the same space. MNCs can gain by networking with local service providers, businesses, and other talent pools. In this way, it will help them learn about the business ecosystem in India, give them a chance to partner with someone, help them understand consumer behaviour quickly, and benefit them in the long term. Choosing a community-driven coworking provider like iKeva enables MNCs to connect with local businesses, understand market dynamics, and integrate faster into the Indian ecosystem.
Scalability and Customisation
Enterprise-level solutions (dedicated floors, bespoke layout, or branded offices) are also an offering in such coworking spaces. Hence, any MNC can easily expand their business as and when a new project comes up. Such agility and scalability are essential for companies with multiple businesses or those testing regional markets before complete expansion.
Why iKeva is the Ideal Launch Partner for MNCs
iKeva is a well-established coworking and managed office business with offices across the major business centres in India, including Bengaluru and Hyderabad. They provide fully operational spaces that meet enterprise-grade security and compliance standards, catering to businesses of all sizes. From virtual offices and private suites to enterprise solutions, iKeva offers scalable workspace solutions designed for flexibility and growth.
Moreover, iKeva boasts of a dynamic and vibrant community with a strong local network, enabling networking and local business integration opportunities. With personalised support for setup, onboarding, and facility management, iKeva ensures a seamless experience for every member.
Conclusion
Coworking Spaces in Hyderabad have evolved into a powerful launchpad for multinational corporations in India, offering world-class infrastructure, cost efficiency, and operational agility. iKeva serves as the ideal partner for multinational corporations, providing smooth, compliant, and community-driven workspaces, making their entry into India more efficient and effective.
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