MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0025356
Tusker Workspace Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹254.53 Cr
▲ 45% YoY
Net profit · FY 2025
₹73.23 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹9.75 Cr
EBITDA margin 3.8%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹10.31 Cr
Issued & subscribed
Open charges
₹87.95 Cr
Satisfied ₹5.2 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
158
Provident fund records
About Tusker Workspace Private Limited
Data last updated:
Tusker Workspace 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 17 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC077803. Its GSTIN is 29AAFCT2273G1Z7 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹10.31 Cr. It is led by directors including Sheshagiri Rao Krishnakumar Paplikar and Arun Narayan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.L – 148 Bbmp No. 170/148 5th Main Road Sector – 6 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹254.53 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹73.23 Lakh (net margin 0.3%) and EBITDA of ₹9.75 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 189% over three years and 80% over five years.
The company has about 158 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: BHIVE Workspace and Bhive Alts. As per MCA filings, the company has open charges of ₹87.95 Cr and satisfied charges of ₹5.2 Cr on record. Court records list 29 cases involving the company, including 16 filed by the company and 13 filed against it; 14 cases are pending. The company has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹13.47 Cr; the latest was in July 2022. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 6 overdue payments to 5 micro and small suppliers.
Tusker Workspace Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0025356). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhiveworkspace.com.
Company details
CIN U74900KA2014PTC077803
Registration Number 077803
Incorporation Date 17 December 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0025356
Key People
Sheshagiri Rao Krishnakumar Paplikar Director Arun Narayan Director Monnappa Muthappa Bayavanda Director Recognitions & Rankings of Tusker Workspace
Contact details
Tusker Workspace Private Limited's registered office is in Bangalore, Karnataka. Its website is bhiveworkspace.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.L – 148 Bbmp No. 170/148 5th Main Road Sector – 6 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Tusker Workspace Private Limited, buy the company report.
Comprehensive company report
Tusker Workspace 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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Brands
Tusker Workspace operates two associated brands: BHIVE Workspace and Bhive Alts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flexible workspace solutions, including coworking and managed offices, are offered. | bhiveworkspace.com | |
| Alternative investment platform for commercial real estate investments | bhivealts.com |
Business activity
The main business activity of Tusker Workspace is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Tusker Workspace Private Limited, buy the company report.
Financials of Tusker Workspace Private Limited
FY 2025 filings availableTusker Workspace Private Limited reported revenue of ₹254.53 Cr (up 45% YoY) for FY 2025.
Revenue · FY 2025
₹254.53 Cr ▲ 45%
Net profit · FY 2025
₹73.23 Lakh margin 0.3%
EBITDA · FY 2025
₹9.75 Cr margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 189%
5 years · compounded
▲ 80%
EBITDA CAGR growth
1 year
▲ 19%
5 years · compounded
▲ 77%
Revenue has grown at a compounded annual rate (CAGR) of 80% over five years, including 45% growth in the latest year. EBITDA rose 19% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹254.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹73.23 Lakh | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Tusker Workspace Private Limited, buy the company report.
Board of directors of Tusker Workspace Private Limited
Tusker Workspace has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheshagiri Rao Krishnakumar Paplikar | Director | 17 Dec 2014 | 11 Years 10 Months | Current |
| Arun Narayan Also directs: Bhive Buildcon Private Limited, Bhive Meridian Private Limited | Director | 02 Feb 2024 | 2 Years 8 Months | Current |
| Monnappa Muthappa Bayavanda | Director | 10 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Tusker Workspace Private Limited is audited by BARWAL & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BARWAL & ASSOCIATES | FY 2025 | 022378N |
Shareholding
The shareholding of Tusker Workspace Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tusker Workspace Private Limited, buy the company report.
Charges & borrowings
Open charges
₹87.95 Cr
Satisfied charges
₹5.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2025 | 101205590 | Others | ₹2 Cr | Open | |
| 29 Nov 2025 | 101205608 | Others | ₹13 Cr | Open | |
| 01 Jul 2025 | 101132784 | Others | ₹22 Cr | Open | |
| 29 Mar 2025 | 101098426 | Others | ₹18.33 Cr | Open | |
| 29 Mar 2025 | 101098438 | Others | ₹7 Cr | Open |
To see the full charge records of Tusker Workspace Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Tusker Workspace Private Limited has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹13.47 Cr; the latest was in July 2022.
Total deals
9
Secondary share transfers
5
Funding rounds
3
Rights issue
1
Disclosed funding
₹13.47 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2016 | Funding round · Pre-Series A | ₹7.77 Cr | Investors: Blume Ventures, 3 individuals |
| Apr 2016 | Rights issue | ₹13.5 Lakh | Investors: an individual |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Tusker Workspace Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tusker Workspace Private Limited has 29 court cases on record: 16 filed by Tusker Workspace, 13 filed against it. 14 cases are pending and 15 are disposed.
Total cases
29
Filed by the company
16
Filed against the company
13
Pending
14
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 8 | 12 |
| High courts | 8 | 5 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Globussoft | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Fliqa Reality Pvt Ltd and Others | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Steptostrategy Software Consulting Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Godolphine India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Godolphine India Private Limited | Pending |
To see the full case history of Tusker Workspace Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Tusker Workspace Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 6 overdue payments to 5 micro and small suppliers. 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 (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Resolvebiz Services and Apps Private Limited | |||
| Opt IT Technologies India Private Limited | |||
| Global Office Needs | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Tusker Workspace Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tusker Workspace has 2 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bhive Buildcon Private Limited | U41000KA2024PTC184955 | |
| Praemineo Proptech Private Limited | U68100MH2018PTC308721 |
To see the full group structure of Tusker Workspace Private Limited, buy the company report.
Employees & EPFO
Tusker Workspace Private Limited has a workforce of 158 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
158
Active EPFO establishments
1
Employee growth
69.89%
GST
Tusker Workspace has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCT2273G1Z7 | Karnataka | Active | 01 Jul 2017 |
| 27AAFCT2273G1ZB | Maharashtra | Active | 16 Apr 2024 |
To see the full GST registrations and return filing status of Tusker Workspace Private Limited, buy the company report.
Recent activity
Tusker Workspace Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Arun Narayan was appointed as Director on 02 Feb 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101205590 was registered on 29 Nov 2025.
Charges
A charge with Others amounted to Rs. 13.00 Cr with Charge ID 101205608 was registered on 29 Nov 2025.
Charges
A charge with Others of Rs. 7.00 Cr registered on 29 Mar 2025 with Charge ID 101098438 was modified on 29 Nov 2025.
Charges
A charge with Others of Rs. 22.00 Cr registered on 01 Jul 2025 with Charge ID 101132784 was modified on 24 Nov 2025.
AGM
Tusker Workspace Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 22.00 Cr with Charge ID 101132784 was registered on 01 Jul 2025.
Charges
A charge registered on 29 Apr 2024 via Charge ID 100931740 with Others was fully satisfied on 08 May 2025.
Filing
Tusker Workspace Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 18.33 Cr with Charge ID 101098426 was registered on 29 Mar 2025.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 101098438 was registered on 29 Mar 2025.
Charges
A charge registered on 26 Apr 2017 via Charge ID 100134868 with Hdfc Bank Limited was fully satisfied on 23 Jan 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100931740 was registered on 29 Apr 2024.
11 earlier events are in the company report.
News
Frequently asked questions
Tusker Workspace 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 17 December 2014 (12+ years old) and is registered under CIN U74900KA2014PTC077803.
Tusker Workspace has 3 current directors:
- Sheshagiri Rao Krishnakumar Paplikar - Director
- Arun Narayan - Director
- Monnappa Muthappa Bayavanda - Director
The latest financial statements of Tusker Workspace on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tusker Workspace is 29AAFCT2273G1Z7, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAFCT2273G1ZB (Maharashtra).
The CIN (Corporate Identification Number) of Tusker Workspace is U74900KA2014PTC077803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tusker Workspace has 29 court cases on record: 16 filed by the company and 13 filed against it. 14 are pending. Most are in the district courts.
Tusker Workspace was incorporated on 17 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Tusker Workspace has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹13.47 Cr; the latest was in July 2022.
Arun Narayan was appointed as Director on 02 Feb 2024. Monnappa Muthappa Bayavanda was appointed as Director on 10 Sep 2018. Avanthi Rao Paplikar ceased to be Director on 01 Jan 2017. Tusker Workspace has 5 board changes on record in total.
Yes, Tusker Workspace is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0025356).
Tusker Workspace has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 02 Jun 2020.