Company Intelligence Profile
Clayworks Spaces Technologies Private Limited
Clayworks operates premium managed offices and coworking spaces under the brand "Clayworks Spaces" across Bangalore.
Last updated 4 August 2026
Clayworks Spaces Technologies Private Limited operates premium managed offices and coworking spaces under the brand Clayworks Spaces across Bangalore, with 17 plus centres, 17,000 plus seats, and over 350 client brands served. The company reported revenue of Rs 23.39 Cr in FY2024, up 91% year on year, with secondary sources indicating revenue of approximately Rs 44.1 Cr in FY2025. Incorporated in 2017 and DPIIT-recognized, Clayworks has raised approximately $10 million across multiple funding rounds.
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Company Identity
| Registered name | CLAYWORKS SPACES TECHNOLOGIES PRIVATE LIMITED |
|---|---|
| CIN | U70200KA2017PTC105809 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 23 August 2017 |
| ROC | Registrar of Companies, Karnataka (Bangalore) |
| Sector (NIC) | Real estate activities on fee/contract basis (Real Estate and Renting sector) — TheCompanyCheck lists NIC activity "Real estate activities on fee or contract basis" |
| Registered address | No.74, MASS Complex, 15th Cross Road, 3rd Floor, J.P Nagar 3rd Phase, Sarakki Industrial Layout, Bangalore, Karnataka, India – 560078 |
| Authorized capital | ₹4.9–4.91 Crore |
| Paid-up capital | ₹18.8 Lakh |
Business Overview
- Clayworks operates premium managed offices and coworking spaces under the brand "Clayworks Spaces" across Bangalore
- Per its official site (clayworks.space): 17+ centres, 17,000+ seats, 8+ Bangalore micromarkets (JP Nagar, Bannerghatta Road, MG Road, Richmond Road, Koramangala, Whitefield, Electronic City, ORR/Bellandur), serving 350+ client brands
- Offerings: managed private offices, coworking/hot desks, enterprise solutions for Global Capability Centres (GCCs), meeting rooms, day passes, virtual offices, event spaces
- Positioning: "Humansense at Work" — wellbeing/design-led flexible workspace
- Registered MCA business activity: real estate activities on fee/contract basis
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Avinash Vankadaru | 08189844 | Additional Director | - |
| Rahul Singh | 02492032 | Director & Shareholder | - |
| Shashidhar Abhijith | 07328695 | Director & Shareholder | - |
Financials
Standalone financials:
| FY2024 (year ended 31-Mar-2024) | Revenue ₹23.39 Cr, up 91% YoY. EBITDA +107.85% YoY change, Net Profit change -1433.95% YoY (i.e., swung to/deepened a loss), Borrowings +103.76% YoY, Total Assets +136.58% YoY — TheCompanyCheck/Tofler show only % deltas; absolute EBITDA/PAT/net worth/borrowings figures are paywalled |
|---|---|
| FY2025 (year ended 31-Mar-2025) | Annual revenue ~₹44.1 Cr per Tracxn/aggregated search summary (ynos.in) — directionally consistent with the FY2024 base plus continued high growth |
| Employees | ~32 vs 97 — likely reflect different snapshot dates/methodologies; report both, do not average |
Net worth, exact PAT, EBITDA absolute values: not obtained.
Funding
Total disclosed funding: ~$10M across 3 rounds from investors including Nisus Finance Services and NuVentures:
| Jul 3, 2018 | Venture debt / early round — Nisus Finance Services (~$2.5 Lakh cited by one search summary; treat with caution) |
|---|---|
| Mar 9, 2022 | Series A — lead Nisus Finance Services |
| Dec 11, 2025 | Series A (additional tranche) — 1 investor, amount undisclosed |
Valuation: undisclosed/masked in all sources. DPIIT-recognized startup. This is Tracxn-sourced round-name/date data only; treat amounts as indicative, not confirmed.
Charges/Loans
| Open charges | ₹82.79 Cr total — includes Tata Capital Financial Services Limited (₹10 Cr) and other lenders (₹72.79 Cr, lender names not itemized in free view) |
|---|---|
| Latest charge | ₹50 Cr registered 28-Oct-2025, status Open |
| Satisfied/closed charges | ₹34.15 Cr (historical, already released) |
Full lender-wise breakup and instrument details: not obtained (paywalled). Note: "no charges" caveat does not apply here — company clearly carries open secured debt.
Legal
- Indian Kanoon: "M/S Clayworks Spaces Technologies Pvt Ltd vs M/S Talentbridge Technologies Pvt. Ltd" — Karnataka High Court at Bengaluru, order dated 19-Jan-2024 (https://indiankanoon.org/doc/181527666/)
- Clayworks (as petitioner) sought appointment of an arbitrator under Section 11 of the Arbitration and Conciliation Act, 1996, arising from a Leave and License Agreement dated 01-Oct-2019 with an arbitration clause
- Respondent did not contest; court appointed Justice A.N. Venugopala Gowda (Retd., Karnataka HC) as sole arbitrator
- No other litigation located
Competitors
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