Thursday, May 6, 2021
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HomeWorldTEC Named One Of Asia's Fastest Growing Companies By The Financial Times

TEC Named One Of Asia’s Fastest Growing Companies By The Financial Times


The Executive Centre (TEC), the leading premium flexible
workspace provider across Asia Pacific and the Middle East,
announced that it was ranked in the Financial Times Top 500
Asia-Pacific High-Growth Companies 2021.

“It is a
great honour to be placed on the list and is a testament to
our robust growth since our founding in 1994. In the last
five years, we have doubled our footprint from 76 Centres to
150+ across Asia Pacific and the Middle East and our EBITDA
has grown 43% from US$32.3 million in 2016 to US$46.1
million in 2019 across our key markets,” said Paul Salnikow,
TEC Founder and CEO. “We have witnessed steady demand
throughout the last year as the pandemic has led companies
to preserve costs and seek more flexibility from their
partners. As the office remains as an essential space to
foster creativity and collaboration, we believe that more
companies will adopt a flex-and-core strategy to allow
greater agility to expand in tandem with business
growth.”

TEC, which was ranked 409th on the list, saw
its revenue surge from US$140.74 million in 2016 to
US$235.75 million in 2019, registering an absolute growth
rate of 67.5% and a CAGR of 18.8%.

The Financial Times
and Nikkei Asia, in partnership with global data provider
Statista, reviewed thousands of companies and ranked the top
500 companies headquartered in 13 countries in the
Asia-Pacific region, which generated revenue of at least
US$100,000 in 2016 and at least US$1 million in 2019. The
enlisted firms were ranked by their compound annual growth
rate (CAGR) in revenue between 2016 and 2019.

– FT
Asia-Pacific High-Growth Companies 2021:

https://www.ft.com/high-growth-asia-pacific-ranking-2021

About
The Executive Centre

The Executive Centre (TEC) opened
its doors in Hong Kong in 1994 and today boasts over 150+
Centres in 32 cities and 14 markets.

The Executive
Centre caters to ambitious professionals and industry
leaders looking for more than just an office space – they
are looking for a place for their organisation to thrive.
TEC has cultivated an environment designed for success with
a global network spanning Greater China, Southeast Asia,
North Asia, India, Sri Lanka, the Middle East, and
Australia, with sights to go further and grow faster. Each
Executive Centre offers a prestigious address with the
advanced infrastructure to pre-empt, meet, and exceed the
needs of its Members. Walking with Members through every
milestone and achievement, The Executive Centre empowers
ambitious professionals and organisations to
succeed.

Privately owned and headquartered in Hong
Kong, TEC provides first class Private and Shared
Workspaces, Business Concierge Services, and Meeting &
Conference facilities to suit any business’ needs.

For
more information please visit

https://www.executivecentre.com/

© Scoop Media

 



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