iSprout’s Q3 growth accelerates on GCC, enterprise demand

Vijayawada: iSprout, a leading managed and flexible workspace provider, on Wednesday announced a 90% growth in Q3 FY25, expanding its portfolio to approximately 2.5 million sq. ft. across India. The company attributed this strong momentum to accelerating demand from Global Capability Centres (GCCs) and large enterprises across major business hubs. iSprout’s Q3 expansion was concentrated on nine key metro clusters, with leasing demand primarily driven by IT Services and BFSI sectors. The company reported a sharp increase in leasing velocity compared to the previous fiscal year, reflecting sustained enterprise demand and strong client acquisition across industries. A significant portion of this growth came from Andhra Pradesh, where iSprout expanded from one centre to three centres, growing its footprint from 11,000 sq. ft. to 120,000 sq. ft. The company plans to further scale operations in the state, particularly in Vizag, to address rising GCC-led demand. iSprout already hosts 25 reputed companies including global MNCs in its AP centres.

“Visakhapatnam and Vijayawada offer a strong talent pool, competitive real estate costs, lower attrition, and better work-life balance,” said Bhaskar Katamneni, IT Secretary, AP.