About Workenstein
Workenstein was a Real Estate & Construction company based in Chennai (India) founded in 2016. It delivers comprehensive solutions for co-working spaces. It operates on a B2C model. The company has 236 employees. Its Indian entity Workenstein Collaborativespaces Private Limited reported revenue of ₹117 Cr. The company is recorded as dissolved. Its focus areas include Real Estate, Commercial, Co-Working Spaces and Management Solutions. Its competitors include BHIVE Workspace, IndiQube and DevX; 3 of its 3 listed competitors have raised funding.
Company details
Workenstein delivers comprehensive solutions for co-working spaces through involved in property dealings, commercial, co-working spaces, and management solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Chennai, India
- Employees 236
- SectorsReal Estate & Construction
- Website workenstein.com
- Social X Facebook
- Legal Name Workenstein Collaborativespaces Private Limited
- Date of Incorporation 12 Jun, 2018
- Jurisdiction Kanchipuram, Tamil Nadu, India
- Annual Revenue₹117 Cr
FY 2024 · +10% YoY
- Net Loss-₹13.23 Cr
FY 2024 · -11% margin
- EBITDA₹76.76 Cr
FY 2024 · 66% margin
- Employee Count236
Associated legal entities of Workenstein
Workenstein operates through Workenstein Collaborativespaces Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Workenstein Collaborativespaces Private Limited CIN U74994TN2018PTC123185 | Active | 12 Jun 2018 | Chennai, Tamil Nadu | ₹117 Cr | 236 | 2 | View details |
Board of directors of Workenstein Collaborativespaces Private Limited (Workenstein)
Workenstein Collaborativespaces Private Limited is the primary company behind Workenstein. The board of Workenstein Collaborativespaces Private Limited currently have 2 directors; the longest-serving is Harbinder Singh Mendhi, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harbinder Singh Mendhi DIN 00001815 | Director | 12 Jun 2018 | 8 yrs 5 mo | Workenstein Collaborativespaces Private Limited |
| Gurbinder Pal Singh DIN 00001549 | Director | 12 Jun 2018 | 8 yrs 5 mo | Workenstein Collaborativespaces Private Limited |
Financials of Workenstein
Figures of Workenstein Collaborativespaces Private Limited, the primary company behind Workenstein, for FY 2024. Revenue was ₹117 Cr (+10% year on year). Net loss was -₹13.23 Cr (-11% margin). EBITDA was ₹76.76 Cr (66% margin). Revenue has grown at a compounded annual rate of +13% over three years and +36% over five years.
- ₹117 CrRevenue · FY 2024 · +10% YoY
- -₹13.23 CrNet loss · -11% margin
- ₹76.76 CrEBITDA · 66% margin
- ₹8.85 CrPaid-up capital
- 236Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Workenstein Collaborativespaces Private Limited are on its company page.
Detailed financial statements for Workenstein
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Competitors of Workenstein
Workenstein has 3 listed competitors in our database, 3 of them funded. They include BHIVE Workspace, IndiQube and DevX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bhiveworkspace.com | 2014 | Bengaluru, India | $3.09M | 322 | Flexible workspace solutions, including coworking and managed offices, are offered. | |
| indiqube.com | 2015 | Bengaluru, India | $44.96M | 2,190 | Flexible workspace solutions are provided for enterprises, startups, and SMBs. | |
| devx.work | 2017 | Ahmedabad, India | $16.16M | 79 | Managed office spaces and coworking environments are provided for businesses. |
Detailed competitors of Workenstein
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Top companies in Serviced & Flexible Workspaces
3 companies that operate in the same segment as Workenstein (Serviced & Flexible Workspaces) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Global design and build services for corporate workplaces focusing on sustainability and employee wellbeing. | 2001 | Bengaluru, Karnataka, India | ||||
Provides managed office spaces for businesses. | 1988 | Gurugram, Haryana, India | USD 44.84 M | 171 | ||
Develops IT parks, business spaces, and managed workspaces in Bengaluru and other cities. | 1996 | Bengaluru, Karnataka, India | USD 254.79 M | 1,008 |
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Related news about Workenstein
Complete news archive for Workenstein
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Frequently Asked Questions about Workenstein
Workenstein was founded in 2016.
Workenstein is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Workenstein has 236 employees.
The primary company behind Workenstein, Workenstein Collaborativespaces Private Limited, reported revenue of ₹117 Cr for FY 2024, up 10% year on year.
Workenstein delivers comprehensive solutions for co-working spaces through involved in property dealings, commercial, co-working spaces, and management solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Workenstein's top competitors include IndiQube, DevX and BHIVE Workspace.
Workenstein operates through Workenstein Collaborativespaces Private Limited.
The legal entities of Workenstein currently have 2 directors, including Harbinder Singh Mendhi, Gurbinder Pal Singh.