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Business EconomyPosted at: Feb 18 2021 3:48PM


DevX enters Hyderabad with 700 seater centre; Pan-India presence by Dec end

Hyderabad, Feb 18 (UNI) DevX , a co-working cum accelerator envisioned to provide world-class, best-in-breed services to its clients, on Thursday announced it’s entry in Hyderabad with a 700 seater Center.
Located in the Hi-Tech city, where among the prominent commercial spaces in India, hosting global tech giants like Oracle, Google, Facebook, Amazon and many more, the Center spread across 50,000 sq. feet and will further augment this with additional 3 lakh sq feet in next 1 year, DevX, a managed office space provider, said in a release here.
The company is planning a pan-India presence by December 2021 with 15 centers.
Having recently emerged as Gujarat’s top and largest provider in the Managed office space segment, DevX , a co-working cum accelerator founded in September 2017 by 3 entrepreneurs Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and one listed entity: Dev Information Technology Ltd, was envisioned as A Startup Accelerator focussed on nurturing innovative startups by providing them with the all requirements.
Speaking on the launch of the Center, DevX Co-Founder Parth Shah, said,as global companies strive to set up offshore development centers, we stand poised to offer them best-in-class, world-standard Managed spaces with excellent amenities. HiTech City is already home to many global giants and we hope to further add to this, being ready to offer spaces for setting up Global Capability Centers.
We are striving to be there across India by December 2021, with 10 cities and 15 centers. Offering best-in-class work-space experiences at competitive pricing is one of our hallmarks, he added.
Elaborating on DevX’s larger framework, Kalyan Jhandyala, Managing Director, India, MenLo Technologies, said, we are thrilled that DevX’s offerings and ethos matches our needs and views perfectly. The immense value and new opportunities the DevX Hyderabad facility offers are enormous for companies seeking managed spaces.
Putting this in national perspective, Umesh Uttamchandani, Co-Founder DevX said, “As the norms of work change and remote working goes mainstream, the flexible and managed workspaces segment is expanding rapidly. For global companies and MNCs it makes good business sense not to lock up capital in owning or hiring spaces for the workforce, when they can avail best and world class facilities at managed workspaces.
DevX is pioneering models that address and embrace the major concerns of the ecosystem, he added.
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