Tag: office on rent

Co-working company, Premisin, is launching its biggest hub at Ring Road, Raipur. With the launch of its eighth workspace, Premisin aims to offer a collaborative work environment for start-ups, young enterprises and professionals.

Its new coworking, which spans 15,000 square feet, is designed to bring together and collaborate over 600 coworkers. It has a mix of private cabins, open seating and meeting rooms; all equipped with high-end technology, high-speed internet and a rooftop lounge. Prices at the centre will range from Rs 6,000 to Rs 10,000 per month per seat and 15,000 to 20,000 per cabin per month. 

Premisin helps users find spaces that they need for their everyday use – open desks and private cabins as offices, meeting rooms and training rooms within their budget. Users can book meeting rooms/training rooms for as short as an hour as well. Also, the company offers serviced office and customized fully furnished office, which is designed and built as per the requirements of the client. 

Shreyansh Jain, Founder of Premisin, said, “Ring Road has been a node for people from Bhilai and Durg alike. It offers a fast-paced, efficient work culture with the soulfulness and maturity of Raipur and we have successfully captured that experience at our centre. 

It’s our largest facility yet, and it has everything a young firm requires in an office.” Over the last few years, the popularity of coworking workspaces has skyrocketed. With India becoming a hub of the world’s startup ecosystem, and early entrepreneurs ready to spend less on occupying properties and paying exorbitant rents, coworking spaces have emerged as a feasible option where you only pay for what you need. 

Coworking spaces are becoming increasingly popular due to flexible workspaces, professional ambience, and excellent networking opportunities. Realising the potential in this business, Raipur-based Premisin ventured into this segment. Besides Ring Road, Premisin has 7 more centres in Raipur.

With the growing demand for coworking workspace, the company has a plan to expand its centres to 3 more locations. And by 2025, is looking to expand its geographical presence and services in other Tier II and III cities. Premisin also plans to create a flexible workspace franchise in the upcoming years to help with expansion. 

The company provides high-end design and boutique-inspired spaces, all while providing concierge-level services, a variety of perks and amenities, and premium, flexible workspaces. They own and operate the entire value chain of the service offering, which allows them an unrivalled level of flexibility and speed in the industry. The company build bespoke environments for members within the coworking spaces. Startups form almost 20% of Premisin’s current customers, while the remainder is almost equally divided between small and medium enterprises and larger companies.

Membership Benefits 

To increase visibility and overall success of the coworking space, the company has teamed with businesses/ enterprises, where they can market their product and services to the portfolio members. It’s as crucial as any other marketing technique for forprofit and brand awareness. The community of partners reserve the finest benefit exclusively for members, which results in both the companies seeing an increase in visibility and clientele.

Franchise model 

Premisin stands out from the competition and provides franchise owners with competitive advantages that aren’t seen in any other coworking space franchise opportunity. Designed for strong returns, Premisin uses its research to determine the best possible ways to make the franchise opportunity irresistible, including a wide customer base, add-on services, comprehensive, industry-leading training, marketing assistance, a proven business model, ongoing support, multiple revenue streams, expansion opportunities, and more. 

Unlike other coworking space opportunities, Premisin is geared towards established business professionals looking for upscale surroundings. The company has streamlined the process to provide owners with a proven business model, turnkey investment, and opportunities for growth, all while saving their time and money. Premisin will help businesses start quickly and on the right track. 

Next Steps 

Every year is challenging for Premisin, but the company looks to the future with optimism. The immediate and long term challenges are building a team to scale up operations, increasing the customer base and scaling to other cities. The coworking industry will play a very important role in the rebuilding of this economy, and Premisin looks forward to being a part of it. The company is confident about working through the challenges and aspires to be one of the most preferred choices for collaborative workspace across India for startups and enterprises with strong community engagement and inspiring workspaces. 

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.