Conferences and exhibitions spaces firm DK Vertex has announced a ₹300 crore investment plan for expansion across India in the coming years. According to reports from Business Standard, the company sees significant potential in the convention and events venues beyond metropolitan cities. The investment will fund expansion to more than 30 centres across 10 cities with 50,000 seats.
Recently, DK Vertex, an arm of the US-headquartered Vertex Group, inaugurated the DK Vertex Convention Centre at Udyog Vihar, Gurgaon, in association with MSME Business Forum India. As reported by Business Standard, the new facility is strategically located on the Delhi-Gurgaon business corridor and spread across 12,000 sq ft. The convention centre features a main hall with capacity for approximately 300 to 400 guests.
According to Business Standard reports, the company's expansion plans include Jaipur, Mohali, Indore and Visakhapatnam (Vizag) as already identified locations. Vertex Group Founder and President Gagan Arora stated that the exact convention-centre rollout will depend on market demand, feasibility and availability of suitable business infrastructure. The company expects the conferences and exhibitions business to grow at approximately 2x annually over the next three years.
As reported by Business Standard, Simar Arora, Co-Founder & Managing Partner of DK Vertex, noted that the new Gurgaon facility strengthens the company's integrated business infrastructure proposition. The company anticipates that conferences and exhibitions will become an important growth vertical, with its contribution to DK Vertex's overall business increasing to approximately 70 per cent.
According to Business Standard, Ravi Nandan Sinha, Director of MSME Business Forum India, emphasized that through MSME Manager, the SPV created to support India's MSMEs, they have built a strong foundation for this partnership. The convention centre is positioned to create a dedicated platform for business engagement, collaboration and international partnerships, expanding beyond major metros to emerging business and industrial centres.
