The Executive Centre: The total adjusted EBITDA for 2023 was USD 19 million (Rs 159 crore) for TEC India. It delivered 31% growth in revenue over last year and contributed 26% to the overall adjusted EBITDA. TEC India achieved a 35% growth in EBITDA over last year.
The Executive Centre (TEC) plans to expand its India footprint by 300,000 sq ft in 2024, amid strong demand. Despite challenges in securing Grade A buildings, TEC achieved record global revenue of USD 315 million, with India contributing significantly to adjusted EBITDA. TEC aims for 10-15% YoY revenue growth in FY 2024-25.
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