11COWORK Company Profile

Background

11COWORK, established on November 18, 2019, is a private limited company headquartered in Pune, Maharashtra, India. The company specializes in providing flexible and collaborative coworking spaces tailored to meet the diverse needs of startups, freelancers, and large corporations. With a mission to foster productivity and creativity, 11COWORK offers work environments that encourage collaboration and innovation. Their vision is to create a community-centric workspace where businesses can thrive and succeed together.

Key Strategic Focus

11COWORK's strategic focus centers on delivering customizable workspace solutions that cater to various professional requirements. Their offerings include private workspaces, flexible desks, personalized offices, and well-equipped meeting rooms. By situating their coworking spaces in prime Pune locations such as Baner, Hinjawadi, Aundh, Wakad, and Pimple Saudagar, they aim to provide convenient access to professionals across the city. The company emphasizes a uniform design approach and minimalist interiors to ensure a consistent and familiar environment for clients.

Financials and Funding

As of the fiscal year ending March 31, 2023, 11COWORK reported significant financial growth:

• Total Revenue: Increased by 176.38% year-over-year.

• Profitability: Improved by 150.55%.

• Net Worth: Grew by 22.91%.

The company's authorized and paid-up capital stands at ₹0.10 million. The ownership structure reflects a promoter holding of 100%.

Pipeline Development

11COWORK is actively expanding its footprint by offering franchise opportunities in Pune. This initiative aims to extend their coworking model to new locations, thereby increasing their market presence and accessibility.

Technological Platform and Innovation

The company integrates advanced technological solutions to enhance the coworking experience:

• High-Speed Internet: Multiple internet lines ensure zero downtime.

• Enhanced Data Security: Robust measures are in place to protect client information.

• Cloud-Based Printing: Facilitates seamless printing services.

• Biometric Attendance Logs: Ensures secure and efficient access control.

These technologies contribute to a reliable and efficient workspace environment.

Leadership Team

11COWORK is led by:

• Krish Dinesh Pherwani: Director since November 18, 2019.

• Pratyush Pherwani: Director since November 18, 2019.

Both directors have been instrumental in steering the company's growth and strategic initiatives.

Competitor Profile

Market Insights and Dynamics

The coworking industry in Pune is experiencing rapid growth, driven by increasing demand from startups, freelancers, and established businesses seeking flexible workspace solutions. The market is characterized by a competitive landscape with several key players offering diverse coworking environments.

Competitor Analysis

Notable competitors in Pune's coworking space include:

• The Third Space Baner: Offers vibrant workspaces designed to boost productivity and creativity, with a focus on community building.

• Next Page Coworking Baner: Provides energizing and cost-effective spaces tailored for startups and entrepreneurs.

• Origin Workspaces Baner: Emphasizes a blend of work and social interaction, offering spaces that inspire creativity.

• The Daftar Aundh: Focuses on creating a growth-oriented ecosystem for startups, with a combination of vibrant workspaces and a network of mentors.

• Bootstart CoWork Baner: Provides aesthetically organized spaces with a soothing environment, catering to various professional needs.

These competitors offer a range of amenities and environments, contributing to a dynamic and diverse coworking market in Pune.

Strategic Collaborations and Partnerships

11COWORK is actively seeking franchise partners to expand its coworking model across Pune. This strategy aims to leverage local entrepreneurs' insights and resources to establish new coworking spaces under the 11COWORK brand, thereby enhancing market reach and community engagement.

Operational Insights

The company's strategic placement of coworking spaces in prime Pune locations provides a competitive advantage by offering accessibility and convenience to clients. Their emphasis on uniform design and comprehensive amenities ensures a consistent and high-quality experience across all locations. Additionally, the integration of advanced technological solutions enhances operational efficiency and client satisfaction.

Strategic Opportunities and Future Directions

Looking ahead, 11COWORK plans to:

• Expand Franchise Operations: Continue to grow their presence in Pune through strategic franchise partnerships.

• Enhance Technological Infrastructure: Invest in cutting-edge technologies to further improve workspace efficiency and security.

• Diversify Service Offerings: Introduce new services and amenities to cater to evolving client needs and preferences.

By capitalizing on these opportunities, 11COWORK aims to solidify its position as a leading provider of flexible and innovative coworking solutions in Pune.

Contact Information

• Website: 11COWORK Official Website

• Locations:

• Baner: Fl. No. 3, Shreenivas Classic, Above Corporation Bank, Baner Rd, Pune, Maharashtra 411045

• Aundh: 11COWORK, Future 1, DP Rd, Above SVC Bank, Anant Society, Aundh, Pune, Maharashtra 411007

• Pimple Saudagar: Floor No. 2, Spot 18 Mall, Wakad – Bhosari BRTS Rd, Wakad Junction, Pimple Saudagar, Pune, Maharashtra 411017

• Wakad: 1st Floor, White Square, Hinjawadi – Wakad Rd, Above Vijay Sales, Pune, Maharashtra 411057

• Hinjewadi: 6th Floor, Estella, Sayaji Garden Commercial Building, Casa Imperia Rd, Near Wakadkar Wasti, Hinjawadi Village, Hinjawadi, Pune, Pimpri-Chinchwad, Maharashtra 411057

For more information or to book a space, visit their official website.