Premisin, a coworking and workspace provider emerges as a strong player

Premisin operates from seven centres in Raipur, spread over 50,000 square feet with 800+ seats and more than 100+ clients. 

The flexible workspace sector has reached a tipping point. Following many years of continuous growth, global demand for temporary offices, meeting rooms and co-working areas is set to explode. 

The larger part of revenues come from the managed office solution since every Premisin centre, on average, has two to three anchor clients occupying 75% of the space. The company always believe that demand drives all. Premisin with its existing centres in prime locations and with growing demand has a plan to expand its centres to 4 more locations with a total area of 1,45,000 sq. ft and 2200+ seats. 

Premisin is promoted by Sjain Ventures Limited, which is recently valued at 135 CR. Planning of starting a coworking space has never been easy but since it is a very attractive proposition from several aspects such as flexibility, freedom of choice and minimal investment. In the three years since its inception, Premisin has always been the leader of the change in the way people have seen and come to view the workspace.

Being new in the coworking & workspace industry, it has never been a cakewalk for Premisin. For director Divya Jain, the aim of a flexible workspace is to build a strong community of entrepreneurs, freelancers and startups. Premisin, since its inception always believes in ‘We work together to build a better community’. 

Divya Jain, Director of Premisin, said, “Everything we do from the design or customization of our buildings to the services we provide is based on how we can create the best collaborative environment for the community. When you have people from almost every industry working together in one facility, the experience and skills you have access to is unrivalled. Our community teams focus on this aspect of our business so each member feels inspired and excited about how we can help them grow their business.

” Coworking and flexible workspace is collaborative and flexible by nature and has observed many new trends and unique practices over the years. Due to aggressive competition and ever-increasing demand, several leading players have donned their brainstorming caps in order to maintain market relevance and further retain clients with value-added benefits.

Premisin believes strongly and holistically that co-working is the future of work and the team supports it in every way. Today, coworking and workspace are not only relevant for small businesses and freelancers, but also for big corporations and any team seeking more agile workspaces.

Premisin is offering its managed/serviced office solutions to numerous clients, including a few big market players who are looking to set up their base in Chhattisgarh. The primary focus is to provide the community with end-to-end solutions and even go the extra mile by scouting innovations.

Speaking about the business model, Divya Jain says Premisin charges range from about Rs 4,000 per workstation to Rs 3,00,000 for an office space per month. Present across Chhattisgarh, the company at present has a total of 6000+ seats, 50+ cabins, and 8 luxury office spaces. 

Premisin has more than 100+ clients, including Urban Company, Zomato Private Limited, Reliance Home Finance, We Expo India, Aeroaeon Avionics, Phone Pe, Uber India Systems, IREP India, Aramex, Byju’s, Aarohan Aavishkar Group, Quess Corp, Go Digit, and Brightpath Associates LLC to name a few. 

Speaking about future plans, Divya Jain says the company is looking to expand its geographical presence and services in other Tier II and III cities. Additionally, This year, to pump up the growth, Premisin plans to open a flexible workspace franchise. This will be initially launched in Raipur, Bilaspur, Durg / Bhilai as a Location of Interest. Further, this will be replicated in other cities like Nagpur, Jabalpur, Pune, Mumbai, Ranchi & Bhuwneshwar.

Premisin Plan to franchise in partnership with large landlords, premium builders, diversified business groups & wealthy HNIs. The company says, if it’s a developing commercial property on their own or one that is already complete, the landlords/owners know that keeping their property full of tenants has a major impact on their business. However, if the companies are looking for ways to avoid vacancies, it’s time to think outside of the box. More and more commercial property owners recognize that integrating a co-working space into their facility is a great way to enhance their property.

Therefore, Premisin has designed a franchise investment model to increase the revenue. Divya Jain concluded by saying, “It is this sense of community that has driven the demand for Premisin spaces among startups, freelancers, small companies and entrepreneurs across the globe. There is enough demand, the team at Premisin want to increase the market size by creating awareness about co-working spaces and ensuring that every operator has a profitable run. Our holistic approach differentiates us.” 

The biggest benefit through the franchise model is that the Premisin coworking and workspace adds to the client’s commercial development by filling a space with their franchise investment instead of searching for other businesses for that particular space. Premisin comes with a host of benefits for the clients by giving them a professional place to go to work each day.

Even better, as a franchisee, you will have Team Premisin’s full support in terms of complete Interior Planning / Drawing & Execution Plan – MEP, Network Drawing, Fire Exit Plan, Sitting Layout, BOQ, Marketing & Branding, Listing of Space, Consultancy, Center Manager, Technology, App – Andriod + iOS and assistance when opening for business, and finding clients. At the end of the day, putting Premisin in an available space with the company’s development keeps costs down and adds multiple streams of revenue to the commercial property resulting in a win-win situation. 

Virtual Offices can serve as your PPOB or APOB?

To understand the purpose of virtual offices. First, we need to know

What is PPOB and APOB?

PPOB stands for Principal Place of Business. Every company may it be big or small/ brand new or age-old needs to have a PPOB (principal place for their business) which acts as a headquarter or the prime location of their business. This PPOB has to be registered under GST. It can be a warehouse, office which is your physical address of the business. A company can only have one PPOB in a state. APOB stands for Additional Place of Business. There is numerous large-scale business and some small-scale business which requires more than one place of business. You can have several APOBs in a state. Like Amazon, Flipkart, etc.

Why PPOB is important?

It is a legal requirement for every company to provide a physical address for their office in order to register their business. So having a PPOB is mandatory. If you are planning to start a business you have to register your company. When registering, you must provide the physical address of the office. Even if the registered office is not the main site where all the work is carried out it is needed for receiving official mailings and keeping official records of the company.

How can Virtual Office be a solution for PPOB and APOB?

In this digital era, there is numerous business that doesn’t need a headquarter or the main office to facilitate their business. It is the time where people can work from home and carry out meetings digitally. They can prefer to work in a remote office or in a place of their choice. They don’t need an office however the law can’t be changed for them. All they need is a physical address for their office and the solution is Virtual Office.

 Virtual Office unlike its name doesn’t mean an online office but rather a location that assigns their address to the business for GST registration. For your business, the virtual office can be PPOB or APOB. It can bear a good reputation to the business due to its location. It is cost-effective and provides various other facilities like meeting room service, assisting (they can represent an employee on the company’s behalf to meet specific clients) and receiving emails, etc.

Like Premisin provides meeting rooms for private meetings, it also provides concierge services for companies. 

Why play-zones are must in workplaces these days?

Do you know the secret of a workplace that keeps growing and glowing? The answer is ‘play-zone’. Workspaces these days know how to take care of its employees seriously. Everyone deserves some fun and relaxation in our lives, even at our workplaces. Having a play zone area inside a workplace is ideal for employees to recharge themselves. It is no surprise that activities like these allows workers to get away from their seats and have some fun during their office hours.

Blending work and play is a great way to keep a workplace environment perky and light. It helps employees to encourage creativity and good atmosphere in order to face the working day with more energy. Not only this, it makes employees feel at home while they are at work as a flexible environment gives out the homely-comforting vibes. Collaborative areas like these bring a lot of perks to its employees and in return a much productive and quality work.

There are numerous benefits of having a play-zone in a workplace. From job satisfaction, productivity, creativity, efficiency to morale; play zones are like magic. Sitting all day slogging in a place can hinder your work performance or productivity. In simpler words, balancing work and play can make a person productive automatically. Play zones are excellent in building up a collaborative environment and bringing out the best in employees. They seem to be working great for introverts to link up with everyone in the office. When someone is rewarded for their hard work or dedication, this ultimately leads to better performances.

A happy mind is a creative mind. Similarly, a fun work environment is the home of creativity, collaboration and innovation. A blend of formal and informal activities keeps employees motivated, happy and sane. When a company shows that they care for their employee’s requirements, their self-esteem builds up naturally. And when employees are contented with the work they do, they tend to develop loyalty for their workplace.

Adding on, gaming areas decrease employee absenteeism. The reason is positive environment and feel-good vibes. According to a study, it is seen that 90% of employees enjoyed working in a workplace that has fun zone and they performed well while working. Decrease in stress levels has also been observed in employees who belong to such places. Recreational zones reduce frustration and anxiety by channelizing negative energy in a playful way. Ultimately, the health care costs are reduced as a healthy environment is maintained. When workplaces allow for fun, people are more likely to be more motivated, less stressed, and more satisfied with their jobs. It is also an excellent way to improve company culture.

Is Flexibe space evolving more than the traditional space?

Employee demographics is the main driving force behind changing the workplace. The newer generations have different requirements and expectations from a company, and companies seeking to retain talent have started to change their workplace strategy for them.

“The amenities race has penetrated office environments, so much so that it’s now commonplace to see offices with perks ranging from additional amenities like Wi-Fi, air conditioning, housekeeping, electricity back up, printer etc.

But it’s not just changing demographics powering this change, it’s also important to note evolving work models. Working hours and locations have become flexible; professionals are no longer required to be in any specific place and time in order to work. This means that a company’s office needs and requirements need to change and evolve along with modern work models. 

To attract and retain the best talent, flexibility is key. But flexibility is also key in order to keep a company agile and resilient. Flexible workspaces are making company portfolios agile; to a certain extent, it’s these types of workspaces that are enabling change in the business world. 

Flexible workspaces are enabling companies to move fast, to keep up with emerging needs and trends. More importantly, they’re doing this while at the same time representing cost savings for companies. Change, and the ability to embrace and adapt to it quickly, can lead to growth. 

And while many companies see the benefit of moving into a flexible workspace when they don’t have a dedicated team (companies can save countless hours and budget by letting flexible workspace operators secure their furniture and take care of the layout), flexible workspace solutions can also benefit companies with dedicated teams and extensive portfolios. Also, flexible space boosts productivity because the space make employees feel motivated and energized to work.

Co-working spaces may become the first choice of Modern workers

It’s going to be very obvious that co-working spaces may become the first choice of Modern workers for mentorship opportunities and accessible spaces that anyone can take advantage of while fostering a collaborative mindset is something that can be gained through co-working.

Unlike working in a closed area, co-working spaces put employees in proximity with workers across a whole slew of industries. This gives employees mentorship opportunities that they wouldn’t have otherwise found anywhere else. Co-working spaces lead to a shift in mindset. The hierarchies established within a co-working space are less rigid, favoring collaboration and discussion that involves everyone.

Many people craving to work at home because it’s more “comfortable” and “productive.” That’s where people realized that spending a lot of time between the same walls can become a very boring and often depressing activity. Social interaction is a basic human need that needs to be met, and co-working can help us get that. A co-working space is a perfect solution for the modern workers to create a proper work-life balance because each day you get to decide whether to work at home or in a collective environment.

Co-working help a worker to work independently, together; to have a chat over coffee; celebrating birthdays and anniversaries together and milestones together; mourn losses together; supporting each other’s crowd funding efforts; knowing members’ children and dogs; taking walks together; stepping out for lunch together; going to social events together; slowly but eventually become a part of a strong, authentic community and that naturally leads to inner happiness.

Co-workies is a platform where you can connect with like-minded coworkers working in various co-working spaces. Further, you have an opportunity to grow your network. This will ultimately lead to more collaborations and development of your venture. 

Co-working is all set to soar

As more people are opting for the option of co working, its demand in the coming years is set to soar. Co-working is not just a working space, it’s a community movement to revolutionize work. Co-working provides flexible workspace along with top notch office infrastructure; members get access to a high speed internet, with multiple options to learn.  

Co-working is to provide you the most viable option for startup companies and professional who cannot afford to maintain an office because of high rentals and deposits as well as maintenance hassles. The spaces come in handy for all kinds of startups and free lancers due to their pay- as per use model. These spaces have gained popularity for their emphasis on collaboration and open learning

The culture of co-working is also becoming higher among big companies. It is clear that co-working is becoming more widely used and more positively talked topic. Companies those who currently utilizing co-working are significantly more likely to have a positive view of co-working when compared to companies that have not yet adopted this sector yet. It reinforces the brand and culture that is so important in maintaining company cohesion and a sense of purpose.

Co-working spaces cater to both internal and verbal processors — members can get down to business in quiet zones or choose to utilize the open floor plan to be more interactive during the workday. No matter their preferred work style, employees have endless options at co-working spaces to be productive in the manner that is best for their particular attention spans, levels of motivation, and general output.

Accessibility and convenience are huge benefits to co-working spaces, affording members all the basic resources found in a traditional office. This easy accessibility can also be advantageous to those, who are particularly juggling work with their personal life.