Company Intelligence Profile
Tusker Workspace Private Limited
Tusker Workspace Private Limited is the Bengaluru-based legal entity behind BHIVE Workspace, a leading Indian campus-coworking and managed-office-space operator now pursuing a ~₹400 Cr pre-IPO raise ahead of a targeted CY2027 listing.
Last updated 6 September 2026
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 | Tusker Workspace Private Limited |
|---|---|
| CIN | U74900KA2014PTC077803 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | No (unlisted private company; a pre-IPO funding round is in progress as of Dec 2025 with an IPO targeted for CY2027, per YourStory/Economic Times) |
| Incorporated | 17 December 2014 |
| ROC | RoC-Bangalore (Karnataka) |
| Sector (NIC) | Business Services / Real-estate-adjacent support services — "Other support services to organizations"; operates as a coworking / managed-office-space provider |
| Registered address | No. L-148, BBMP No. 170/148, 5th Main Road, Sector-6, HSR Layout, Bengaluru, Karnataka, India – 560102 |
| Authorized capital | ₹50.00 Cr |
| Paid-up capital | ≈₹10.0–10.19 Cr — minor cross-source variance, treat as ~₹10.2 Cr latest |
Business Overview
Confirmed- Tusker Workspace Private Limited is the legal entity operating the "BHIVE Workspace" brand — described by BHIVE's own site as India's leading campus-coworking company providing managed office spaces and coworking solutions
- Services: day passes, dedicated desks/offices, meeting/conference rooms, virtual offices, enterprise plug-and-play coworking, and admin/housekeeping support
- Scale: 30+ centers across 10 campuses in Bengaluru (HSR Layout, MG Road, Indiranagar, Whitefield, Koramangala, Jayanagar, BTM Layout, Bellandur/ORR, Hebbal) and a newer Mumbai (BKC) center
- ~42,500 seats across 2M+ sq ft
- 1,000+ corporate clients including Google, Zomato and Rapido
- Recognised as a DPIIT startup
- Associated/sister brand: BHIVE Alts — appears to be a related but distinct legal entity, not confirmed as part of this CIN
Directors
Confirmed3 directors, DINs corroborated by 2 independent sources (Falconebiz DIN table + Tofler):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sheshagiri Rao Krishnakumar Paplikar | 06827454 | Director | 17 Dec 2014 |
| Monnappa (Muthappa) Bayavanda | 07677019 | Director | - |
| Arun Narayan | 08218580 | Director | - |
Financials
Partial / conflictingLatest audited FY: FY2025 (year ended 31 March 2025), standalone (entity-level, not consolidated — no consolidation basis disclosed by sources).
| Revenue | ₹254.53 Cr per TheCompanyCheck |
|---|---|
| EBITDA | absolute figure locked/paywalled on both Tofler and TheCompanyCheck |
| PAT (Net Profit) | absolute figure locked; not independently corroborated) |
| Net worth | absolute figure locked; +16.98% YoY per Tofler |
| Total borrowings | absolute figure locked; +127.57% YoY per Tofler |
| Total assets | +137.94% YoY per Tofler (unaudited change metric only) |
All absolute rupee figures beyond revenue are "not obtained" (premium/paywalled on both aggregators); YoY percentage changes are reported as-is from Tofler.
Funding
Partial / conflicting- One confirmed recent event: BHIVE Workspace (Tusker Workspace Pvt Ltd) was reported in advanced talks / execution to raise ~₹400 Cr in a pre-IPO round combining debt and equity (~₹100 Cr equity component), per YourStory (Dec 2025) and corroborated by an Economic Times headline
- Reported investor interest: high-net-worth individuals, family offices, and existing investors — no individual investor names confirmed
- IPO targeted for calendar year 2027
- CEO Shesh Rao Paplikar quoted on timeline
- No named prior institutional funding rounds (seed/Series A/B) could be located via available sources — company may have been largely founder/promoter and debt funded prior to this raise, but absence of evidence is not confirmation of absence
- Tracxn could not be accessed to check for a funding-round-name-only cross-reference (404 on attempted URL)
In the News
ConfirmedTusker Workspace Number of Employees 2026 | Employee Count & Headcount Data
Revelio Labs · a month ago
Headlines about Tusker Workspace Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 10 days ago.
Source: Google News aggregated headlines
Charges
Confirmed- Open charges ≈₹87.95 Cr; satisfied charges ≈₹5.2 Cr. Lender breakdown per Tofler: HDFC Bank Limited — 3 loans, ₹25.6 Cr
- ICICI Bank Limited — 2 loans, ₹23.3 Cr
- Tata Capital Limited — 1 loan, ₹20.0 Cr (created 1 July 2025, the most recent charge)
- Falconebiz's aggregation differs slightly (HDFC ₹25.62 Cr; "Others" ₹62.33 Cr bucket) — the two sources agree closely on HDFC's exposure but bucket the remaining lenders differently; treated as confirmed for HDFC/ICICI/Tata Capital, partial for the full lender list
- "No open charges beyond these" is not asserted — per the standard aggregator caveat, absence of a charge listing elsewhere means no *further open* charge found, not none ever filed
Legal
ConfirmedIndian Kanoon shows multiple ongoing/recent civil and commercial disputes involving the company (both as plaintiff and defendant), consistent with a real-estate/leasing-heavy business model:
- Godolphine India Pvt Ltd vs Tusker Workspace Pvt Ltd — Karnataka High Court (filings dated 7 Feb 2024 and 25 Jan 2025)
- Tusker Workspace Pvt Ltd vs Godolphine India Pvt Ltd — Supreme Court Daily Orders (16 Feb 2024) — same dispute on appeal
- M/S Globussoft vs M/S Tusker Workspace Pvt Ltd — Karnataka High Court (18 Feb 2026)
- M/S General Construction Company vs Tusker Workspace Pvt Ltd — Karnataka High Court (7 Feb 2023)
- Tusker Workspace Pvt Ltd vs M/D D Vois Communications Pvt Ltd — Karnataka High Court (8 Jul 2025)
- Tusker Workspace Pvt Ltd vs RSG India Advanced Technologies — Bangalore District Court (7 Apr 2026)
- Tusker Workspace Pvt Ltd vs Idos India Pvt Ltd — Bangalore District Court (4 Apr 2025)
- Tusker Workspace Pvt Ltd vs Fliqa Reality Pvt Ltd & Others — Bangalore District Court (10 Feb 2025)
No case outcomes/amounts extracted (Indian Kanoon search-result snippets only, not full judgments read). Nature appears to be ordinary commercial/leasing/vendor litigation typical of a multi-location coworking operator, not regulatory or criminal action.
Competitors
ConfirmedIndia coworking / managed-office-space peers (named, scale is approximate and self-reported by each company, not independently verified in this fetch):
- WeWork India — larger footprint, recently listed (IPO 2025), pan-India, premium enterprise focus
- Awfis Space Solutions — listed (BSE/NSE, IPO 2024), broadly comparable-to-larger scale, pan-India
- Smartworks Coworking — listed (IPO 2025), larger enterprise-managed-office focus, pan-India
- IndiQube (Indiqube Spaces) — recently listed, comparable scale, Bengaluru-heavy footprint similar to BHIVE
- 91springboard — smaller/similar-scale coworking chain, multi-city
- Innov8 Coworking (part of OYO group) — similar-to-smaller scale, multi-city
BHIVE/Tusker Workspace is Bengaluru-concentrated (with a new Mumbai entry) versus most peers' broader pan-India spread; it is pursuing an IPO for CY2027, placing it in the same "coworking operators approaching/at public markets" cohort as Awfis, Smartworks and WeWork India.
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