Company Intelligence Profile
Stylework Innovation Hub Private Limited
Stylework (brand/trade name; legal entity Stylework Innovation Hub Pvt Ltd) is a flexible-workspace / coworking aggregation platform founded in 2016 by Sparsh Khandelwal.
CIN: U74999DL2016PTC307433ActiveRoC DelhiConfidence: high
Last updated 17 August 2026
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Stylework Innovation Hub Private Limited |
|---|---|
| CIN | U74999DL2016PTC307433 |
| PAN | AAXCS7202E |
| Status | Active (Active Compliant) |
| Listing | Unlisted (private limited company) |
| Incorporated | 24 October 2016 |
| ROC | RoC Delhi |
| Sector (NIC) | NIC Activity Code M / M9 — "Other professional, scientific and technical activities"; industry classified as Internet / online real estate & coworking-space aggregation platform |
| Registered address | 55, 2nd Floor, Saidullajab, Westend Marg, South Delhi, New Delhi, Delhi 110030 (registered office; operational HQ at Vi-John Tower, 393, Udyog Vihar Phase 3 Rd, Gurugram, Haryana 122016) |
| Authorized capital | INR 10.0 Lakh |
| Paid-up capital | INR 1.58 Lakh |
Business Overview
Confirmed- Stylework (brand/trade name; legal entity Stylework Innovation Hub Pvt Ltd) is a flexible-workspace / coworking aggregation platform founded in 2016 by Sparsh Khandelwal
- It aggregates 4,000+ workspace listings across 125+ Indian cities from 650+ operators (including WeWork India, Awfis, Innov8, Springboard18), offering day passes, meeting rooms, dedicated desks, private cabins, managed offices and virtual offices to 10,000+ customers and 1,500+ enterprise clients under 300+ brand tie-ups
- It is a DPIIT-recognised startup with ~30 employees on EPFO records
- The corporate website is live at stylework.city (redirected from the legacy domain stylework.in)
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sparsh Khandelwal | 07575013 | Director & Shareholder & Founder | 24 Oct 2016 |
| Reena Khandelwal | 07799062 | Director & Shareholder | 12 Apr 2017 |
GST Registrations
Partial / conflictingPrimary GSTIN not obtained (no confirmed individual GSTIN page could be fetched — knowyourgst/findgst/mastersindia individual pages returned errors, and MCA/Zauba/knowyourgst listing pages are excluded sources per instructions). PAN AAXCS7202E is confirmed (Tofler). Home state inferred as Delhi from registered office/RoC, but number of state GST registrations and current GSTIN status are not obtained — flag as a data gap.
Financials
ConfirmedFY2024
- Revenue ₹28.86 Cr (+44% YoY). Per Tofler ratio data (period updated to ~Mar 2025): Net Profit Margin 6.56%, Operating Margin 6.13%, Return on Equity 24.05%, ROCE 27.12%, Debt-to-Equity 0.03
- Networth up 51.62% YoY, Borrowings up 88.74% YoY, Total Assets up 24.79% YoY. Per Inc42 (funding article, 19 Nov 2025, likely FY25/FY ended Mar 2025 figures): EBITDA ₹2 Cr, PAT ₹1 Cr (company turned profitable in March), GMV ₹236 Cr. FY26 management projections: net revenue ₹45-50 Cr, PAT ₹3-4 Cr, GMV ₹400 Cr. All figures are standalone (Indian private company filings); no consolidated financials found. Two-source corroboration on FY24 revenue and ratio trends
Funding
Confirmed- Pre-Series B round of INR 30 Crore (~US$3.4M) closed/announced 19 November 2025, led by Equentis Angel Fund, with participation from Karekeba Ventures, Cogniphy AIF Fund, LetsVenture Fund and MoneyVyapaar; pre-money valuation reported at INR 250 Crore
- Prior funding: ~US$3 Million raised earlier from Inflection Point Ventures, ah!
- Ventures and Sprint VC (round names/dates for the earlier raise not specified in the source)
- Source: Inc42 ("Stylework Nets ₹30 Cr To Scale Its Coworking Aggregation Play")
- Not corroborated by a second independent source — Tracxn could not be fetched (blocked/404) to confirm round naming
Charges / Loans
Confirmed- One open charge identified: Mercedes-Benz Financial Services India Private Limited, amount ~INR 0.7 Crore, created/modified 29 May 2025 — consistent with TheCompanyCheck's reported total open charges of INR 66.7 Lakh (~₹0.667 Cr)
- Likely vehicle/asset financing given the lender's business line; no other charges found
Legal / Litigation
Partial / conflicting- Delhi High Court: Clix Capital Services Pvt Ltd vs Stylework Innovation Hub Private Limited & Anr., Case No. ARB.P
- 1315/2025 (an arbitration petition) — hearings/orders dated 26 Aug 2025 and 16 Oct 2025 (Justice Jyoti Singh), and 26 Nov 2025 and 12 Dec 2025 (Justice Subramonium Prasad)
- Nature of the underlying commercial dispute and final outcome are not detailed in the fetchable excerpts (full order text was not retrievable) — flagged as partial
- Separately, an unrelated 2022 Supreme Court matter (Shubham v. State of Madhya Pradesh) merely notes an individual was employed at Stylework Innovation Hub in Gurgaon; it is not a corporate legal matter and is noted only to avoid confusion
- Source: Indian Kanoon
Competitors
Confirmed- WeWork India, Awfis, Innov8, Smartworks, IndiQube, Springboard18 — all flexible-workspace/coworking operators
- WeWork India, Awfis, Smartworks and IndiQube are larger-scale, listed-or-PE-backed operators (own real estate portfolios, hundreds of centres)
- Innov8 and Springboard18 are comparable mid-scale operators
- Stylework differs structurally by operating as an aggregator/marketplace layered across many of these same operators' inventories rather than primarily leasing/managing its own centres
Frequently Asked Questions
What does Stylework Innovation Hub Private Limited do?
Stylework (brand/trade name; legal entity Stylework Innovation Hub Pvt Ltd) is a flexible-workspace / coworking aggregation platform founded in 2016 by Sparsh Khandelwal.
What is the CIN of Stylework Innovation Hub Private Limited?
The Corporate Identification Number (CIN) of Stylework Innovation Hub Private Limited is U74999DL2016PTC307433.
Where is Stylework Innovation Hub Private Limited registered?
Stylework Innovation Hub Private Limited is registered with RoC Delhi. Registered address: 55, 2nd Floor, Saidullajab, Westend Marg, South Delhi, New Delhi, Delhi 110030 (registered office; operational HQ at Vi-John Tower, 393, Udyog Vihar Phase 3 Rd, Gurugram, Haryana 122016)
When was Stylework Innovation Hub Private Limited incorporated?
Stylework Innovation Hub Private Limited was incorporated on 24 October 2016.
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