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DevX Opens New Coworking Space in Indore

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DevX, Gujarat’s largest managed office space provider, announced the launch of new coworking space in Indore, a 25,000 square-foot, 300 seater center. To further expand its national presence, DevX plans to double its Indian portfolio by investing Rs 60 crore.

Recently feted as Gujarat’s leader in the managed office sector, DevX is a coworking space cum accelerator founded in September 2017 by three entrepreneurs and one listed entity: Dev Information Technology Ltd. The company was envisioned as a startup Accelerator focused on nurturing innovative startups.

Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DevX are thus structured to build synergies, enabling cross-pollination of ideas as a means of collaborative growth and development.

“We are excited to launch our Indore center, as it helps us further consolidate DevX’s leadership position in the fast-growing Tier 2 & Tier-3 cities in India. This segment is the catalyst for the next wave of growth, and DevX stands committed to deliver best-in-class services to these markets,” said Umesh Uttamchandani, Co-founder of DevX.

“We are proud to be setting standards for the segment to aspire to, and this center reaffirms our core values of offering world-class office infrastructure with an immersive experience. With our stated business goal of being the partner of choice for GCCs (global capability centers) and ODCs (offshore development centers), I am excited about the future of the industry. Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing,” Uttamchandani added.

Speaking about their experience with DevX, Mr. Dhruman Patel, Partner at Manubhai & Shah LLP, said, “We were in search of an office solution that would not only meet our needs but also elevate our work environment. DevX’s managed office space has been the answer to our quest. Their responsive management and thoughtfully designed workspace have united our scattered operations into a harmonious, efficient hub. This transformation has empowered us to stay dedicated to our clients and fuel our business growth.”

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As a core part of its ecosystem, DevX also provides a platform for industry, academia, professionals, and companies to hold hackathons, seminars, and events to address recent trends. The company is planning further expand and thus consolidate its pan-India presence by the end of 2024.


About DevX

DevX is a coworking cum accelerator envisioned to provide world-class, best-in-breed services to its clients. Firmly rooted in the ethos of collaborative growth through partnerships, DevX offers immersive accelerator services across the value chain.


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Coworking Insights is the go-to source for trends, data, advice and insights for coworking industry professionals.

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