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.
CIN: U74900KA2014PTC077803ActiveRoC-Bangalore (Karnataka)Confidence: medium-high — identity/directors/legal/charges corroborated by 2+ sources
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Tusker Workspace Private Limited |
|---|---|
| CIN | U74900KA2014PTC077803 |
| PAN | not obtained |
| 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" (NIC code group N / N7, "Business activities n.e.c." per Falconebiz); 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 (Tofler: ₹9.99 Cr as of Mar 2024 / ₹10.0 Cr; TheCompanyCheck: ₹10.19 Cr; Falconebiz: ₹10,18,88,974) — 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 (per bhiveworkspace.com, self-reported): 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 (per TheCompanyCheck)
- Associated/sister brand: BHIVE Alts (an alternatives-investment platform under the same BHIVE group umbrella, per TheCompanyCheck) — 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 since incorporation 17 Dec 2014; designated CEO TheCompanyCheck lists a re-appointment/CEO designation dated 22 Jul 2024 | - |
| Monnappa (Muthappa) Bayavanda | 07677019 | Director; appointment date conflicts across sources: 26 Dec 2016 Falconebiz vs 10 Sep 2018 TheCompanyCheck vs "8-year tenure" Tofler, consistent with ~2018 | - |
| Arun Narayan | 08218580 | Director; appointment date conflicts: 10 Sep 2018 Falconebiz vs 02 Feb 2024 TheCompanyCheck vs "2-year tenure" Tofler, consistent with ~2024 | - |
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; Tofler brackets it "₹200-300 Cr" with +44.58% YoY growth — the two are consistent, so revenue is treated as confirmed at ≈₹250-255 Cr, up ~44-45% YoY |
|---|---|
| EBITDA | absolute figure locked/paywalled on both Tofler and TheCompanyCheck; Tofler shows +18.9% YoY change only |
| PAT (Net Profit) | absolute figure locked; Tofler shows a sharp decline of -84.16% YoY (despite revenue and EBITDA growth — plausible if driven by one-off costs, impairment, or expansion capex/interest; not independently corroborated) |
| Net worth | absolute figure locked; +16.98% YoY per Tofler |
| Total borrowings | absolute figure locked; +127.57% YoY per Tofler; Tofler separately computes debt-to-equity at 2.46, indicating elevated leverage — consistent with the large recent charge creation (see Charges) and the pre-IPO debt-plus-equity raise reported for late 2025 |
| 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 (per BHIVE's own site, as relayed in the YourStory piece) — 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)
Charges
Confirmed- Open charges ≈₹87.95 Cr
- satisfied charges ≈₹5.2 Cr (Falconebiz)
- 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.
Frequently Asked Questions
What does Tusker Workspace Private Limited do?
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.
What is the CIN of Tusker Workspace Private Limited?
The Corporate Identification Number (CIN) of Tusker Workspace Private Limited is U74900KA2014PTC077803.
Where is Tusker Workspace Private Limited registered?
Tusker Workspace Private Limited is registered with RoC-Bangalore (Karnataka). Registered address: No. L-148, BBMP No. 170/148, 5th Main Road, Sector-6, HSR Layout, Bengaluru, Karnataka, India – 560102
When was Tusker Workspace Private Limited incorporated?
Tusker Workspace Private Limited was incorporated on 17 December 2014.
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