Company Intelligence Profile
Springhouse Coworking Private Limited
Gurugram-based coworking and managed-office operator (brand "SpringHouse") running 25+ centres across Delhi NCR and Jaipur.
Last updated 17 August 2026
Springhouse Coworking Private Limited is a Gurugram-based coworking and managed-office operator managing over 25 centers across Delhi NCR and Jaipur under the brand "SpringHouse." The company reported a revenue of ₹63.85 crore in FY2025, showing a 19% increase year-on-year, and primarily relies on debt funding. It operates with just eight employees, indicating a franchise-style model.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Springhouse Coworking Private Limited |
|---|---|
| CIN | U70109HR2016PTC065647 |
| PAN | AAXCS5428G. 4th character "C" is consistent with a company PAN. |
| Status | Active (Compliant with RoC) |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 05 September 2016 |
| ROC | Falconebiz and Tofler say "RoC-Haryana" |
| Sector (NIC) | Real Estate and Renting — NIC/activity code U70109, "Real estate activities with own or leased property" / business-centre & coworking-space operation. |
| Registered address | LG006/LG-006, Grand Mall (DLF Grand Mall), MG Road, Gurugram, Haryana – 122001. |
| Authorized capital | ₹3,00,00,000 (₹3.0 crore). |
| Paid-up capital | ₹1,50,000 (₹1.5 lakh). |
Business Overview
- Operates under the brand "SpringHouse" — a managed-office and coworking-space provider headquartered in Gurugram
- Per the company's own website (springhouse.in): 25+ centres across Gurugram (17), Delhi (6), Noida (2) and Jaipur (1)
- 1,000,000+ sq ft of workspace
- 300+ organisations and 11,000+ members served; offerings include coworking desks, private cabins, virtual offices, managed offices, meeting rooms and event spaces
- Founded 2016
- MCA filings show only 8 employees on rolls as of March 2024, indicating an asset-light/franchise-style operating model relative to its stated footprint
Directors
Confirmed by 2 independent sources (Tofler, Falconebiz), both listing identical DINs:
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Neelam Pasricha | 00666997 | - | 05 Sep 2016 |
| Mukul Pasricha | 01753092 | - | 05 Sep 2016 |
Financials
Standalone MCA-filing-derived figures, single-source unless noted — treat as partial confidence pending a second corroborating source:
- FY2025 revenue: ₹63.85 crore (+19% YoY) — TheCompanyCheck
- Tofler (separately) shows FY2023 operating revenue in the "₹50–75 cr" band, with YoY revenue growth of 69.96%, EBITDA growth 63.88%, PAT change −5.26%, assets growth 36.47%, debt-to-equity ratio 0.73 — exact absolute EBITDA/PAT/net-worth figures are paywalled ("GET PRO").
- Employees: 8 as of 31 March 2024
- Net worth, exact PAT/EBITDA in rupee terms: not obtained (paywalled on all three aggregators)
- No standalone vs consolidated distinction stated in any source (company has no disclosed subsidiaries, so likely standalone).
Funding
- No institutional equity funding rounds found
- Growth appears debt-funded (see Charges) and via retained earnings/promoter capital, consistent with paid-up capital of only ₹1.5 lakh
Charges/Loans
- TheCompanyCheck/Tofler show 3 open charges totaling ₹34.58 crore, no satisfied charges: ₹4.58 cr (25 Sep 2025), ₹10 cr (25 Sep 2025), ₹20 cr (18 Jul 2023) — lender listed only as "Others" (not named).
- A separate web search result states "1 loan from ICICI Bank Limited, total disclosed borrowing of over ₹26.4 crore" — this figure and lender name could not be independently verified on Tofler/TheCompanyCheck and per the known Tracxn-reliability trap (stale/pre-acquisition data risk) is treated with lower confidence. Reporting both; recommend treating the Tofler/TheCompanyCheck ₹34.58 cr figure as primary.
Competitors
Coworking/managed-office peers (mix of scale, from web-search aggregation of "similar companies" listings):
- WeWork India — large, funded, listed (IPO'd on NSE/BSE in 2025)
- Awfis Space Solutions Pvt Ltd — large, listed on NSE/BSE
- Smartworks Coworking Spaces Pvt Ltd — large, IPO-track, pan-India
- Table Space — large, well-funded ($402M raised across 5 rounds, latest Series D Aug 2024)
- 91springboard — mid-size, multi-city
- BHIVE Workspace — mid-size, Bengaluru-anchored, expanding
- myHQ (Reliance-backed workspace aggregator) — mid-size, aggregator model
Springhouse itself is small-scale relative to these (₹60–75 cr revenue band, single-region NCR+Jaipur footprint, no institutional funding).
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