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Business Standard, Mar 17, 2004
DBS Opens biz center in Hyderabad

Our Regional Bureau
Hyderabad, 16 March

Aiming to emerge as a super market for services for business people across the country, the Rs 100-crore DBS Corporate Club is planning to expand its business center facilities to mini-metros like Chandigarh, Nagpur, Coimbatore, Pune in the near future.

DBS, which is part of the global alliance of Business Centres Network, today formally opened its business center in Hyderabad, its seventh state-of-the art business center in the country.

Announcing the formal inauguration of the business center here on Tuesday, Perveez Aggarwal, Managing Director of DBS group, said the instant office and plug and play services have been growing in popularity even among lawyers, accountants and banks. The office facilities and services provided by DBS centers include ready to use office space with all the necessary facilities and staff.

DBS Corporate Club which mainly caters to the MNC clients like Intel, Compaq, Cisco, Coca Cola, Duesche Bank enjoys 100 percent occupancy at its Delhi center, 98 per cent in Bangalore, 65 per cent in Chennai and 60 per cent at its Hyderabad center.

Aggarwal disclosed that the company is expected to rake in Rs 12 crore in profits in the current year and would expand to include two new centers in the network every year. Costing around Rs 6 crore, the new business center in the city has 12 private offices and a conference hall on the first floor. The second floor has nine offices and third and fourth floors have 24 offices each with other common facilities. Companies like Miscrsoft, Daewoo, Canon, Oriflame, BHEL, TATA, Unisys among others have been its clients at Hyderabad.

DBS is also now planning to offer a service through which small businesses which typically operate out of residences could offer DBS office addresses. Such clients would be allowed to give the business centre’s address for business transactions and related correspondence, she said.

The instant office facilities provided by DBS business centers are said to be ideal for the start up companies among others. The company claimed that its centers in Mumbai, Kolkata, Delhi, Chennai and Bangalore have helped over 5000 companies set up their offices in India in the last 24 years of its operations.

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