Woodstock Ambience now Acquired by Manipal Integrated Services
October 31, 2013 - Bangalore, Karnataka, India
Woodstock Ambience has been in operation for over seven years. Woodstock is built on 2+ acres land. The facility can accommodate over 1,000 people which offers both single and double occupancy options. It is India's first campus style residence for post graduate students and young professionals. 60% of the nine-lakh IT and BPO workforce in Bangalore are single men and women. Manipal Integrated Services offers facility management services to educational institutions, hospitals, corporate houses, research laboratories and hospitality institutions.
Speaking on this occasion, Mr. K Shobhit Agarwal, CFO of MIS said "This acquisition is a step towards providing quality accommodation to students and working professionals across the country. Woodstock matched our requirements of providing a campus with facilities that encourage smart community living for students and young professionals. Woodstock has clientele like IBM, Infosys, Hewlett-Packard, TATA Consultancy Services and Wipro"
Estimates say that young population of Tier I cities are interested in such services. MIS is therefore keen on providing integrated campuses and build network in other Indian metros and education hubs with comfort and convenience. Student living services are currently rolled out at the Manipal University campus in Jaipur, T A Pai Management Institute in Manipal and for Manipal Global Education Services' banking training vertical in Bangalore.
Manipal Integrated Services Ltd. (MIS) is a leading facilities management company delivering highest standards of service since 2004. MIS is an ISO 14001:2004 & OSHAS 18001:2007 certified company. MIS services over 16 million sq. ft. of built property and over 700 acres of landscaped area to cater to clients, both domestic and international. In addition to the facility management services, security services and catering services at over 75 sites across different locations, MIS is now offering student-living as an offering to universities in India.
Source: Business Wire India