Today morning, something caught my fancy with the Hindustan Times print, something about setting up a cheap virtual office for startups who need a physical address, phones number and assistants. I googled around to find one such service — the Imperial Servcorp.
Imperial Servcorp is a joint venture between real estate conglomerate K. Raheja Corp and Australian serviced office provider Servcorp. They’ve setup virtual office formats for Multinationals and Small & Medium Enterprises (SMEs) across India. Their first Indian serviced office complex at Mumbai’s Bandra-Kurla Complex (BKC) was inaugurated in February this year. I’m not sure but I suspect there are similar services in Hyderabad and Bangalore too.
The virtual office, an innovative add-on to the serviced office format, is typically used by upcoming entrepreneurs. It provides them with an address in a business centre located in a prestigious location and meeting room space whenever necessary. So, one can operate from home without hiring staff or committing to a lease and yet have all call answered at an official telephone number and address.
The serviced office are spaces equipped with corporate infrastructure and support services and given out to companies on a pay-per-use basis. So, not just Indian companies but other Multinational Startups and companies can setup their presence in India quickly and in a very economical way. Virtual offices can serve as a stopgap arrangement until the companies establish themselves. Such services give you a buffer time to concentrate on expanding your business without having to worry about infrastructure or hiring support staff.
All this for an economical rate of just about Rs. 6,000 per month (roughly equivalent to $140 /mo). Check it out if you’re in India or want to make an Indian presence without the overheard startup cost.
Don't like it? There are lots of published articles, pick a random one.
Brajeshwar posted this article
on Sat, Jun 7th, 2008 at 7:31 pm
Categorized under Asides, Business, India and has the following tags
Comments Post Yours
There are 5 responses so far. You can follow any responses to this entry through the RSS feed. You can leave a response, or trackback from your own site.
very useful
A similar service that I suggested my previous employer and he used it in Pune is - Regus (www.regus.co.in). They have a huge presence in India. This was during early 2007.
A virtual office for just Rs.6000 (140 $) per month is something unbelievable.I still feel that it is a per day rate.
Are these cheap offies furnished with all the basic infrasturcture needed for establishing an office? Are they located closer to cities?
Rajesh,
You will find that the virtual office solution will be cheaper as you have access to boardrooms and other services such as your own personal secretary.
You may want to have a look at Servcorp’s serviced offices.
They are all strategically placed in central, prime locations worldwide.
@Virtual Office
Thanks for getting here and offering tip/info.
Post yours