BuzzWorks strengthens presence in Hyderabad by leasing office space to MyComplianceOffice

Brigade Group's managed workspace provider BuzzWorks has announced the lease of 550 seats in its Mindspace Business Park, Hyderabad premises to Dublin based MyComplianceOffice (MCO), a globally recognised regulatory technology (RegTech) and compliance technology company. This is MCO's largest office space in India. With this signing, BuzzWorks total leased office space in Hyderabad currently stands at 1.1 lakh sq. ft. The new office at BuzzWorks Mindspace Business Park will house MCO's core functions including Product Engineering, Product Management, Customer Success and Global Operations, and AI-enabled Compliance Technology initiatives, functions that are central to MCO's global delivery model.

Commenting on the development, Siddharth Verma, Business Head, BuzzWorks India said, "As a preferred destination for global technology enterprises seeking to establish and scale their India operations, Hyderabad continues to remain a key market for us. This strategic partnership with MCO reflects our commitment to provide a combination of future-ready facilities with world-class amenities to enable our partners to scale their India operations seamlessly. It is a testament to our continued focus to create strategic growth environments to empower global delivery models through excellence in infrastructure and design."

Speaking about the company's evolution and strategic expansion in India, Bapiraju Nandury, Managing Director & VP, MyComplianceOffice said, "The establishment of our India entity in 2023 has been a significant step in our journey, and in just two years, our Hyderabad office has grown to become our largest globally. As we continue to expand and plan to scale our team further over the coming year, India will remain central to our long-term innovation and growth strategy. As part of this expansion, MCO has partnered with BuzzWorks for its new workspace in Hyderabad, supporting the company's next phase of growth."

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 653.30 as compared to the previous close of Rs. 664.85. The total number of shares traded during the day was 8726 in over 517 trades.

The stock hit an intraday high of Rs. 658.00 and intraday low of 648.20. The net turnover during the day was Rs. 5698748.00.

Source : Equity Bulls

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BrigadeEnterprises INE791I01019 Realty BrigadeGroup BuzzWorks Lease 550Seats MindspaceBusinessPark Hyderabad