Company Intelligence Profile
CLAYWORKS SPACES TECHNOLOGIES PRIVATE LIMITED
Clayworks operates premium managed offices and coworking spaces under the brand "Clayworks Spaces" across Bangalore.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Partial / conflicting| Registered name | CLAYWORKS SPACES TECHNOLOGIES PRIVATE LIMITED |
|---|---|
| CIN | U70200KA2017PTC105809 |
| PAN | Not obtained (blocked behind premium/paywall on all fetched aggregators) |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 23 August 2017 (Tofler, TheCompanyCheck) |
| 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 (Tofler, TheCompanyCheck) |
| Authorized capital | ₹4.9–4.91 Crore (Tofler, TheCompanyCheck) |
| Paid-up capital | ₹18.8 Lakh (Tofler, TheCompanyCheck) |
Business Overview
Confirmed- 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
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Avinash Vankadaru | 08189844 | Additional Director | - |
| Rahul Singh | 02492032 | Director & Shareholder | - |
| Shashidhar Abhijith | 07328695 | Director & Shareholder | - |
Financials
Partial / conflictingStandalone financials (private limited, MCA filings via Tofler/TheCompanyCheck):
| FY2024 (year ended 31-Mar-2024) | Revenue ₹23.39 Cr, up 91% YoY (TheCompanyCheck). 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 ("not obtained" as exact numbers) |
|---|---|
| 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 (not independently verified against an audited filing; flag as partial/secondary-source) |
| Employees | ~32 (Tofler, as of Apr 2024) vs 97 (Tracxn, as of Jun 2026) — likely reflect different snapshot dates/methodologies; report both, do not average |
Net worth, exact PAT, EBITDA absolute values: not obtained.
Funding
Partial / conflictingTotal disclosed funding: ~$10M across 3 rounds from investors including Nisus Finance Services and NuVentures (per Tracxn round-name data, used only for round identification per source rules):
| 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 (TheCompanyCheck). This is Tracxn-sourced round-name/date data only; treat amounts as indicative, not confirmed.
Charges/Loans
ConfirmedPer TheCompanyCheck (MCA charge filings):
| 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
Confirmed- 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
ConfirmedBangalore/India flexible-workspace peers (named 3-6, rough scale tags): 1. Smartworks — large-scale managed-campus platform, much larger AUM/seat count, pre-IPO/listed-track major player 2. Awfis Space Solutions — listed (NSE/BSE), pan-India network leader, capital-light model, significantly larger scale 3. CoWrks — premium coworking, comparable design-led positioning, multi-city presence, larger scale 4. Innov8 — premium flexible offices, 20+ centres pan-India, comparable/slightly larger scale 5. 91springboard — pan-India coworking network, comparable-to-larger scale 6. WeWork India — global/national brand, much larger scale (Sources: Tracxn competitive-position data ranking ClayWorks 44th of 1,829 active competitors in flexible workspace; RocketReach/CB Insights peer lists; general market search.)
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