DevX Won Coworking Startup of the Year at the Crafting Bharat Awards 2026

When DevX opened its first workspace in Ahmedabad in 2017, the founding team carried a conviction that would define everything that followed. India's most ambitious companies would not all build from the same three cities. The infrastructure they needed to scale, the workspaces where teams come together and ideas take shape, should exist wherever that ambition exists.

Nine years and 13+ cities later, that conviction has a name on a trophy.

At the Crafting Bharat Awards 2026, DevX was recognised with the Excellence in Coworking Startup of the Year award. A distinction that honours not just scale or seat count, but something more meaningful. Building a workspace company that has shaped how India's entrepreneurial and enterprise ecosystem thinks about where work happens.

India's $6.8 Billion Workspace Market Has a New Standard-Bearer

The Crafting Bharat Awards celebrate a specific kind of company. Not the loudest or the largest, but the ones actively constructing the systems that power India's economic growth. The award categories are built around a single question: what has this company changed about its category?

That question matters right now more than ever. India's flexible workspace market stands at an estimated $6.81 billion in 2026, projected to reach $12.87 billion by 2031, growing at a compound annual rate of 13.58%. Enterprises across the country are rethinking workspace as a strategic lever for talent access, operational agility, and multi-city expansion. GCCs that once concentrated exclusively in Bengaluru and Hyderabad are actively exploring new geographies. Startups scaling past their first 50 employees are looking for partners who can grow with them across states.

DevX has been building for exactly this moment. Across Ahmedabad, Surat, Vadodara, Indore, Jaipur, Mumbai, Pune, Hyderabad, and Bengaluru, DevX has assembled one of India's most geographically intentional workspace networks. Every city in the DevX portfolio is there because of a clear demand signal, not because of a checklist.

Crafting Bharat recognised what that kind of building requires. Not just a workspace company with a national footprint, but one that has made the footprint possible for thousands of other companies along the way.

The Vision Is Working. The Most Exciting Part Is Still Ahead.

Umesh Uttamchandani, Managing Director, DevX, on what this recognition means:

"This award belongs to every client who trusted us when we were just getting started, every team member who delivered a fit-out in a city where we were writing the playbook for the first time, and every partner who shared our belief that great workspaces could thrive beyond the obvious metros. When we started DevX, we were building the infrastructure layer that India's growing businesses needed, and we chose to build it where the energy was, not just where the spotlight was. Crafting Bharat recognising that journey tells us something important. The vision is working. And the most exciting part of building on it is still ahead of us."

Every Award Has a Thousand Names Behind It

DevX's leadership is clear that this recognition belongs to a community, not a company alone.

To DevX's clients. From the early-stage startup that took a hot desk in Ahmedabad in 2018 to the 600-seat enterprise that chose a managed office in Hyderabad last quarter. You are the reason DevX exists. Every decision you made to trust DevX with your team's workspace was a vote of confidence that shaped what this company became. This award carries your name on it, even if the trophy does not.

To DevX's partners. The property owners who opened doors in new cities. The channel partners who brought the right clients to the right spaces at the right time. The design collaborators who understood that a workspace is not a floor plan but a daily experience for the people who use it. Your belief in the vision shows up in every centre DevX operates. Thank you.

To the DevX team. The people who have delivered fit-outs on ambitious timelines in cities where there was no precedent to follow. Who have picked up a member's call on a Saturday night because the work does not stop on weekends. Who have held the same standard in a 15-seat Surat centre as in a 500-seat Mumbai facility. You are DevX. What you build every single day is what made this one possible.

To Crafting Bharat. For building an awards platform that measures companies by what they change, not just what they sell. Recognising that India's growth story is being authored in workspaces, shared offices, and enterprise hubs just as much as in boardrooms and trading floors. DevX is honoured to stand alongside this cohort of builders.

This Trophy Goes on a Shelf. The Roadmap It Validates Goes Much Further.

Awards mark a moment. The more meaningful question is what that moment unlocks.

For DevX, the Crafting Bharat recognition arrives at a pivotal inflection point. Nearly a decade of building has established a clear proof point. India's workspace demand is a national phenomenon, and the companies that build for that reality, not just the metro slice of it, are the ones shaping the category's future.

The next chapter builds on that foundation with even greater ambition.

DevX is evolving from a workspace provider into something far more ambitious. An integrated workspace ecosystem that connects the full lifecycle of India's commercial real estate. Its managed office arm powers the workspace experience for companies scaling from 50 to 5,000 employees. 

A dedicated GCC vertical serves the unique demands of global capability centres expanding across Indian cities. An in-house design and build practice ensures a consistent, elevated experience whether a team is in Jaipur or Bengaluru. 

A development management vertical partners with landowners and developers to create commercial spaces designed around real occupier demand from day one. And tying it all together is an AI-powered technology substrate that turns operational data from millions of square feet into intelligence that makes every part of the ecosystem smarter.

This is not a collection of adjacent businesses. It is a single, interconnected system where supply, demand, and capital reinforce each other, and the managed office a client walks into on day one is the visible surface of an entire infrastructure built to support how India's most ambitious companies grow.

And most importantly, this recognition strengthens DevX's resolve to keep building the way it always has. With deep respect for every city it enters, genuine care for every client it serves, and an unwavering belief that when Indian companies have access to world-class workspace infrastructure, they build world-class businesses.

The Crafting Bharat trophy will find a proud place on the shelf. The work it celebrates is already looking ahead to the next city, the next client, the next chapter.