315 Work Avenue Spaces Private Limited

315 Work Avenue Spaces Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U65993KA2011PTC060758 Incorporated 10 October 2011 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company financial services MSME · Medium
Data last updated
Revenue · FY 2025
₹167.11 Cr
▲ 25% YoY
Net profit · FY 2025
₹4.72 Cr
Net margin 2.8%
EBITDA · FY 2025
₹25.01 Cr
EBITDA margin 15%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹34.37 Cr
Satisfied ₹5.1 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
49
Provident fund records

About 315 Work Avenue Spaces Private Limited

Data last updated:

315 Work Avenue Spaces Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 10 October 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65993KA2011PTC060758. Its GSTIN is 29AAQCS4889L1Z4 (Karnataka). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It was formerly known as Incubex Nestavera Spaces Private Limited and Savvy Globe Investments and Management Private Limited. It is led by directors including Manas Mehrotra and Prachi Mehrotra.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 252 No. 2nd & 3rd Floor 8th Main Road Amarajyothi Layout Domlur, Bangalore, Karnataka, India – 560071.

As per the financials filed for FY 2025, the company reported a revenue of ₹167.11 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹4.72 Cr (net margin 2.8%) and EBITDA of ₹25.01 Cr (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 56% over five years.

The company has about 49 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.

As per MCA filings, the company has open charges of ₹34.37 Cr and satisfied charges of ₹5.1 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending. The company has 2 deals on record (1 convertible or debt financing, 1 rights issue), with disclosed funding of ₹11.27 Cr; the latest was in March 2021. Its 5 peer companies in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 4 smaller; the largest is Maharani Paints Private Limited with revenue of ₹168.68 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 1 overdue payment to 1 micro and small supplier.

315 Work Avenue Spaces Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0248009). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 315workavenue.com.

Company details

CIN U65993KA2011PTC060758
Registration Number 060758
Incorporation Date 10 October 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0248009

Name history

315 Work Avenue Spaces has undergone 3 name changes throughout its history. The company was previously known as Incubex Nestavera Spaces Private Limited, Savvy Globe Investments And Management Private Limited, and Nestavera Incubex Nestavera Spaces Private Limited. The current legal name is 315 Work Avenue Spaces Private Limited.

Company NameStatus
315 Work Avenue Spaces Private LimitedCurrent
Incubex Nestavera Spaces Private LimitedPrevious
Savvy Globe Investments And Management Private LimitedPrevious
Nestavera Incubex Nestavera Spaces Private LimitedPrevious
Key People
Manas Mehrotra Director Prachi Mehrotra Director Sandeep Umesh Director

Recognitions & Rankings of 315 Work Avenue Spaces

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-03-0248009

Contact details

315 Work Avenue Spaces Private Limited's registered office is in Bangalore, Karnataka. Its website is 315workavenue.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    315workavenue.com
  • Social Media
  • Registered Address
    No. 252 No. 2nd & 3rd Floor 8th Main Road Amarajyothi Layout Domlur, Bangalore, Karnataka, India – 560071
  • Industry
    Financial Services, Real Estate Financing

To see the full contact details of 315 Work Avenue Spaces Private Limited, buy the company report.

Comprehensive company report
315 Work Avenue Spaces Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of 315 Work Avenue Spaces is real estate. In detail, this covers real estate activities with own or leased property.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
LReal EstateL1Real estate activities with own or leased property

To see the full business activity and turnover split of 315 Work Avenue Spaces Private Limited, buy the company report.

Financials of 315 Work Avenue Spaces Private Limited

FY 2024 filings available

315 Work Avenue Spaces Private Limited reported revenue of ₹167.11 Cr (up 25% YoY) for FY 2025.

Revenue · FY 2025
₹167.11 Cr ▲ 25%
Net profit · FY 2025
₹4.72 Cr margin 2.8%
EBITDA · FY 2025
₹25.01 Cr margin 15%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 59%
5 years · compounded
▲ 56%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 44%
5 years · compounded
▲ 44%

Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 25% growth in the latest year. EBITDA rose 3% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹25.01 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹4.72 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin15%
Net Profit Margin2.8%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of 315 Work Avenue Spaces Private Limited, buy the company report.

Board of directors of 315 Work Avenue Spaces Private Limited

315 Work Avenue Spaces has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manas Mehrotra
Also directs: Nestavera Investment Advisory Solutions LLP, Nexus Banquet Services LLP, 315 Work Avenue Facilities LLP and 5 more
Director10 Oct 201115 Years 0 MonthsCurrent
Prachi Mehrotra
Also directs: Nestavera Investment Advisory Solutions LLP, 315 Work Avenue Facilities LLP, Naavu Ventures LLP and 5 more
Director10 Oct 201115 Years 0 MonthsCurrent
Sandeep Umesh
Also directs: Nestavera Investment Advisory Solutions LLP, Neoteric Globe Services Private Limited, 315 Work Avenue Pune Spaces Private Limited and 5 more
Director02 Apr 20197 Years 7 MonthsCurrent
View all directors

Peer comparison

315 Work Avenue Spaces Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Maharani Paints Private Limited₹168.68 Cr (FY 2025)-1.0%Faridabad, Haryana, India
315 Work Avenue Spaces Private Limitedthis company₹167.11 Cr (FY 2025)₹4.72 Cr2.8%25.0%49Bangalore, Karnataka, India
Prima Bay Private Limited₹164.55 Cr (FY 2025)2.0%Mumbai, Maharashtra, India
Wadhwa and Associates Realtors Private Limited₹164.05 Cr (FY 2019)48.0%Mumbai, Maharashtra, India
Hotz Industries Limited₹162.25 Cr (FY 2025)48.0%New Delhi, Delhi, India
Brilliant Estates Limited₹161.36 Cr (FY 2025)5.0%Indore, Madhya Pradesh, India

To see the full peer comparison of 315 Work Avenue Spaces Private Limited, buy the company report.

Auditor

315 Work Avenue Spaces Private Limited is audited by VASANTH & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
VASANTH & COFY 2023008204S

Shareholding

The shareholding of 315 Work Avenue Spaces Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of 315 Work Avenue Spaces Private Limited, buy the company report.

Charges & borrowings

Open charges
₹34.37 Cr
Satisfied charges
₹5.1 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹34.37 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Nov 2024101010797Hdfc Bank Limited₹71 LakhOpen
03 Aug 2024100961619Hdfc Bank Limited₹15 CrOpen
04 Jan 2023100668264Hdfc Bank Limited₹17 CrOpen
16 Jun 2022100712323Hdfc Bank Limited₹1.66 CrOpen
13 Jan 2021100406660Hdfc Bank Limited₹9.77 LakhSatisfied

To see the full charge records of 315 Work Avenue Spaces Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

315 Work Avenue Spaces Private Limited has 2 deals on record (1 convertible or debt financing, 1 rights issue), with disclosed funding of ₹11.27 Cr; the latest was in March 2021.

Total deals
2
Convertible or debt financing
1
Rights issue
1
Disclosed funding
₹11.27 Cr

Deals on record (1 of 2)

WhenDealAmountParties
Mar 2021Rights issue₹49 LakhInvestors: 2 individuals

To see the full deal history of 315 Work Avenue Spaces Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

315 Work Avenue Spaces Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (1 of 1)

SupplierAmount dueDue sinceReported on
an individual supplier

To see the full MSME payment records of 315 Work Avenue Spaces Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

315 Work Avenue Spaces has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

3
Subsidiary companies
Key subsidiaries
Company NameCINShares held
315 Work Avenue Hyd Spaces Private LimitedU70103KA2021PTC146138
315 Work Avenue Mumbai Spaces Private LimitedU70109KA2021PTC145977
315 Work Avenue Pune Spaces Private LimitedU70200KA2021PTC146388

To see the full group structure of 315 Work Avenue Spaces Private Limited, buy the company report.

Employees & EPFO

315 Work Avenue Spaces Private Limited has a workforce of 49 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
49
Active EPFO establishments
1
Employee growth
4.26%

GST

315 Work Avenue Spaces has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
29AAQCS4889L1Z4KarnatakaActive31 Oct 2017
33AAQCS4889L1ZFTamil NaduActive05 Sep 2024

To see the full GST registrations and return filing status of 315 Work Avenue Spaces Private Limited, buy the company report.

Recent activity

315 Work Avenue Spaces Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Sandeep Umesh ceased to be Additional Director on 30 Sep 2019.

Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 03 Aug 2024 with Charge ID 100961619 was modified on 03 Oct 2025.
Charges
A charge registered on 13 Jan 2021 via Charge ID 100406660 with Hdfc Bank Limited was fully satisfied on 08 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.71 Cr with Charge ID 101010797 was registered on 29 Nov 2024.
AGM
315 Work Avenue Spaces Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100961619 was registered on 03 Aug 2024.
Charges
A charge registered on 20 Mar 2019 via Charge ID 100254563 with Hdfc Bank Limited was fully satisfied on 18 May 2024.
Filing
315 Work Avenue Spaces Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Cr with Charge ID 100668264 was registered on 04 Jan 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.66 Cr with Charge ID 100712323 was registered on 16 Jun 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100406660 was registered on 13 Jan 2021.
Ceased
Sandeep Umesh ceased to be Additional Director.
Appointed
Sandeep Umesh was appointed as Director.

4 earlier events are in the company report.

News

Frequently asked questions

315 Work Avenue Spaces is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate financing, within the financial services industry. It was incorporated on 10 October 2011 (15+ years old) and is registered under CIN U65993KA2011PTC060758.

315 Work Avenue Spaces has 3 current directors:

The latest financial statements of 315 Work Avenue Spaces on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of 315 Work Avenue Spaces is 29AAQCS4889L1Z4, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAQCS4889L1ZF (Tamil Nadu).

The CIN (Corporate Identification Number) of 315 Work Avenue Spaces is U65993KA2011PTC060758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

315 Work Avenue Spaces has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.

315 Work Avenue Spaces was incorporated on 10 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.

315 Work Avenue Spaces has 2 deals on record (1 convertible or debt financing, 1 rights issue), with disclosed funding of ₹11.27 Cr; the latest was in March 2021.

The peers of 315 Work Avenue Spaces by revenue are Maharani Paints Private Limited, Prima Bay Private Limited, Wadhwa and Associates Realtors Private Limited, Hotz Industries Limited, Brilliant Estates Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).

Sandeep Umesh ceased to be Additional Director on 30 Sep 2019. Sandeep Umesh was appointed as Director on 02 Apr 2019. Manas Mehrotra was appointed as Director on 10 Oct 2011. 315 Work Avenue Spaces has 4 board changes on record in total.

Yes, 315 Work Avenue Spaces is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0248009).

315 Work Avenue Spaces has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 21 May 2024.