EFC (I) Limited Acquires 100% Stake in Ultrafresh Modular Solutions for Strategic Expansion

EFC (I) Limited Acquires 100% Stake in Ultrafresh Modular Solutions for Strategic Expansion​

EFC (I) Limited, a Real Estate as a Service (REaaS) company specializing in managed office spaces, Design & Build solutions, and furniture manufacturing, has entered into a Share Acquisition Agreement to acquire 100% of the equity stake in Ultrafresh Modular Solutions Limited. This strategic acquisition marks an inorganic expansion for EFC’s furniture manufacturing and Design & Build vertical.

The takeover is designed to bolster EFC's capabilities by combining its existing business operations with Ultrafresh's established production infrastructure and design expertise, specifically targeting the modular solutions segment in North India.

Strengthening Furniture Manufacturing through Acquisition​

Ultrafresh Modular Solutions Limited is an established player in India’s modular solutions market, possessing a 25-year industry presence. As a subsidiary of TTK Prestige Limited, Ultrafresh offers comprehensive modular kitchens, wardrobes, and customized furniture solutions via an integrated model encompassing design, manufacturing, supply, and installation.

The company operates a fully functional manufacturing facility located in Nalagarh, Himachal Pradesh, supported by a dedicated design and execution team. This setup positions Ultrafresh to meet the increasing demand for high-quality modular furniture across India.

By integrating Ultrafresh, EFC aims to create significant synergies across all aspects of the value chain, including design, manufacturing, supply, installation, and customer reach. The acquisition provides EFC with a strategic regional foothold in North India, significantly enhancing its overall distribution and manufacturing capabilities.

Corporate Commentary on the Expansion​

Commenting on the proposed merger, Mr. Umesh Sahay, Chairman & Managing Director of EFC (I) Limited, stated that the acquisition is a vital step in expanding EFC's REaaS platform.

"The acquisition of Ultrafresh strengthens our established furniture manufacturing and Design & Build businesses while adding a strong modular solutions platform to our portfolio," Mr. Sahay said. "Ultrafresh’s design capabilities and manufacturing presence in North India complement EFC's existing capabilities and provide a strong foundation to expand our furniture and interior solutions business across markets."

Company Profiles​

The acquisition serves as a natural extension of EFC’s current product offerings, complementing Ultrafresh's specialized range of modular kitchens and customized interior solutions.

Key operational details for both entities include:


EFC (I) Limited was founded by Mr. Umesh Sahay and operates as a listed REaaS company headquartered in Pune. The Company manages 150 centers housing over 84,000 seats across more than 25 cities, serving a client base that includes both reputed Indian and global corporates. Its Design & Build vertical is supported by 85+ designers and engineers and has delivered 5.91 million sq. ft. of designed space to over 52 clients.

EFCIL Stock Price Movement​

Shares of EFC (I) Limited are gaining ground, trading up 0.38% and currently sitting at ₹178.69 as of 1:27 PM. This movement occurs as the stock trades within its session range of ₹178.00 to ₹181.79, with 128,311 shares traded so far today.