Company Intelligence Profile
Dtwelve Spaces Private Limited
Dtwelve Spaces Pvt Ltd is the legal entity operating under the consumer brand **Stanza Living**, one of India's largest tech-enabled managed-living / co-living operators.
Last updated 4 September 2026
Dtwelve Spaces Private Limited, operating under the brand Stanza Living, is one of India's largest tech-enabled co-living operators, providing managed student and professional housing across 16+ cities with over 350 residences and 50,000+ beds. As of FY2025, the company's financials include total assets and liabilities of ₹1,116.4 Cr and a reported funding of $231-293 million.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Dtwelve Spaces Private Limited |
|---|---|
| CIN | U45309DL2017PTC313505 |
| PAN | AAGCD0417P |
| Status | Active |
| Listing | Not listed |
| Incorporated | 27 February 2017 |
| ROC | RoC Delhi |
| Sector (NIC) |
|
| Registered address | Cabin No. 1, Flat No. 403, Ashok Bhawan 93, Nehru Place, South Delhi, New Delhi, Delhi 110019 |
| Authorized capital | ₹1.0 Crore |
| Paid-up capital | ~₹40 Lakh — Tofler states ₹39.7 Lakh, TheCompanyCheck states ₹40.8 Lakh (minor cross-source discrepancy, likely different snapshot dates) |
Business Overview
- Dtwelve Spaces Pvt Ltd is the legal entity operating under the consumer brand **Stanza Living**, one of India's largest tech-enabled managed-living / co-living operators
- Per its own site (stanzaliving.com, confirmed as official domain): 16+ cities, 350+ residences, 50,000+ beds, covering modern student housing (hostel-style residences) and co-living/managed apartments for working professionals, marketed as "zero capital investment" managed accommodation for property owners
- TheCompanyCheck independently corroborates: "Associated Brand: Stanza Living (stanzaliving.com)." MCA business description: "Business of managing residences of high reputed and quality to individuals in India & overseas which include rental accommodation along with fixtures & electrical appliances etc; accommodation services provided by hotels, inns, resorts, holiday homes, hostels, etc."
Directors
Confirmed by agreement between Tofler and TheCompanyCheck (6 current directors, DINs from Tofler):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sandeep Dalmia | 07681184 | Director & Shareholder | 27 Feb 2017 |
| Anindya Dutta | 02131617 | Director & Shareholder | 27 Feb 2017 |
| Navroz Darius Udwadia | 08355220 | Nominee Director | 26 Jul 2019 |
| Abhinav Chaturvedi | 07219194 | Nominee Director | 31 Dec 2021 |
| Utsav Mitra | 08958349 | Nominee Director | 14 Mar 2024 |
| Ashish Agrawal | 03295209 | Nominee Director | - |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 07AAGCD0417P1ZJ | Delhi | AAGCD0417P (Tofler, TheCompanyCheck) | Active |
| 27AAGCD0417P1ZH | Maharashtra | AAGCD0417P (Tofler, TheCompanyCheck) | Active |
| 09AAGCD0417P1ZF | Uttar Pradesh | AAGCD0417P (Tofler, TheCompanyCheck) | Active |
Primary/home-state GSTIN (Delhi, matches registered office): **07AAGCD0417P1ZJ**, status Active, registered 24 Oct 2017, Regular taxpayer, Supplier of Services (mastersindia.co, confirmed). PAN: AAGCD0417P (confirmed, matches MCA PAN). Additional confirmed state registrations (multi-state operator, consistent with 16+ city footprint): - 27AAGCD0417P1ZH — Maharashtra (Pune), Active, registered 14 Mar 2019, trade name explicitly "STANZA LIVING" (mastersindia.co) - 09AAGCD0417P1ZF — Uttar Pradesh (Noida), Active, registered 20 May 2018 (mastersindia.co) Total registration count not fully enumerable from free sources — at least 3 confirmed active GSTINs; company almost certainly holds more given its 16-city, 350+ residence footprint, but exact total is "not obtained."
Financials
Dtwelve Spaces Private Limited reported total assets and liabilities of ₹1,116.4 Cr as of March 2025, with deeply negative reserves of -₹917.6 Cr, indicating a high-growth, loss-accumulating phase. Employee count is reported at 1,202.
Latest audited FY: **FY2025 (year ended 31 Mar 2025)**, auditor Price Waterhouse Chartered Accountants LLP. Likely standalone (the two subsidiaries — Dtwelve Cafes Pvt Ltd and Dtwelve Accommodations Pvt Ltd — each have only ₹1 Lakh paid-up capital, so consolidated vs standalone would not materially differ, though this is not explicitly stated by either source).
- **Revenue: source conflict, not reconciled.** Tofler and TheCompanyCheck's main profile both state "₹823.65 Cr (↑24.00% YoY)" for FY2025, but TheCompanyCheck's dedicated financials sub-view instead states "Total Revenue: ₹500-750 Cr (with 9.99% growth)" for March 2025 — two different figures/growth rates from the same aggregator's own pages. Reported here as partial/unconfirmed pending reconciliation.
- EBITDA: locked/not obtained (premium-gated on both aggregators)
- PAT/Net Profit: locked/not obtained (premium-gated)
- Total Assets = Total Liabilities: ₹1,116.4 Cr
- Reserves: −₹917.6 Cr (i.e., deeply negative net worth, consistent with a high-growth, loss-accumulating funded startup) — TheCompanyCheck
- Borrowings (balance-sheet line): ₹15.5 Cr — this appears inconsistent with the ₹81.12 Cr of open charges reported by both aggregators (charges likely include NBFC/debenture structures via a security trustee, which may not map 1:1 to the "borrowings" line item). Flagged, not reconciled.
Employees: 1,202.
Funding
Not a source specific to this CIN's own filings, but well-documented for the Stanza Living brand it operates:
- Total funding raised: reportedly $231–293 million across ~11-12 rounds since 2017 founding.
- Latest reported round: Series E, ~$31.9M, dated 24 Oct 2025.
- Reported valuation: ~$300M in an ongoing round led by Falcon Edge Capital.
- Series C (~$50M / ₹342 Cr) led by Falcon Edge Capital, with Sequoia Capital India (Peak XV), Matrix Partners, and Accel participating (existing investors).
- Named investors across rounds: Falcon Edge Capital, Sequoia Capital India/Peak XV Partners, Accel, Matrix Partners, Alteria Capital, Alpha Wave Global, InnoVen Capital, plus lending relationships with Kotak Mahindra Bank and RBL Bank.
figures are aggregator-summarized, not from a primary filing/press release directly reviewed — treat as partial confidence.
In the News
Dtwelve Spaces Number of Employees 2026 | Employee Count & Headcount Data
Revelio Labs · 2 months ago
Headlines about Dtwelve Spaces Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges
**Open charges ₹81.12 Cr; Satisfied charges ₹503.54 Cr; 17 total charge records**.
- Catalyst Trusteeship Limited — ₹25.0 Cr (13 Aug 2025) — likely a debenture-trustee structure
- RBL Bank Limited — ₹11.0 Cr (15 Mar 2023) + ₹0.1 Cr (21 Nov 2024)
- Axis Bank Limited — ₹10.0 Cr / ₹10 Cr dated 17 Jan 2025 — date conflict between sources, amount agrees
- Kotak Mahindra Bank Limited — ₹0.1 Cr (27 Feb 2023)
- Tofler additionally lists an unnamed "Others" charge of ₹35 Cr (07 Aug 2025) and ₹25 Cr (13 Aug 2025) not itemized by lender name.
Named lenders sum to materially less than the ₹81.12 Cr open-charge total — gap likely made up by the unnamed "Others" entries above.
Legal / Litigation
Indian Kanoon search for "Dtwelve Spaces" surfaces multiple active litigation matters, including:
- Nineleaps Technology Solutions vs Dtwelve Spaces Private Limited & Anr — Delhi High Court, 28 Feb 2022
- Dtwelve Spaces Pvt Ltd vs The State Of Karnataka — Karnataka HC, Writ Petition No. 452/2024, 16 Jan 2024
- Kanchan Windhwani & Ors vs Dtwelve Spaces Pvt. Ltd. & Ors — Delhi HC, 31 May 2024
- M/S Sierra Projects Pvt. Ltd vs Dtwelve Spaces Pvt. Ltd — Karnataka HC, 12 Jan 2024 and again 15 Apr 2026 (two matters)
- Dtwelve Spaces Private Limited And Anr vs Ms R Ganapathy Janaki & Ors — Delhi HC, 14 Aug 2024
- M/S Kwikman Projects Pvt Ltd vs Dtwelve Spaces Pvt Ltd — Karnataka HC, 24 Mar 2026
- Dtwelve Spaces Private Limited vs Kochi Municipal Corporation — Kerala HC, 10 Apr 2026
Also surfaced (likely a sector-adjacent case, not directly naming this CIN — noted for context, not attributed as this company's litigation): The State Of Karnataka vs Taghar Vasudeva Ambrish, Supreme Court, 4 Dec 2025, re: hostel/PG rental taxation — related to the co-living/PG sector generally, not confirmed as this entity's own case. Pattern: mostly civil/commercial disputes (vendor/contractor claims like Sierra Projects and Kwikman Projects; tenant/occupant disputes like Kanchan Windhwani and R Ganapathy Janaki) plus municipal/regulatory matters (Karnataka, Kochi Municipal Corporation) — consistent with a large multi-city rental-operations business.
Competitors
Co-living / managed student & professional housing peers in India (named, rough scale tags based on general market positioning, not verified financials):
- Zolo (Zolostays) — large-scale peer, similar multi-city co-living/student-housing model, comparable scale
- Colive — mid-large scale co-living operator, direct competitor
- Your-Space — student-housing focused peer, mid scale
- CoHo — co-living operator, smaller/mid scale
- OYO Life (OYO's erstwhile co-living vertical) — large parent (OYO) but co-living vertical scaled down/discontinued in several markets
- NestAway — earlier-generation co-living/rental peer (largely wound down/pivoted by ~2023), included for market-history context
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