About Tusker Workspace Private Limited
Data last updated:
Tusker Workspace Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. 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. Its 10 peer companies in the BFSI industry (Real Estate Leasing) are compared by revenue, 5 larger and 5 smaller; the largest is The Ruby Mills Limited. 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.
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.
- EmailLocked
- TelephoneLocked
- 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
- 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
- One PDF report, delivered after checkout
Business Activity of Tusker Workspace Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Tusker Workspace Private Limited FY 2025 filings available
Tusker Workspace Private Limited reported revenue of ₹254.53 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Tusker Workspace Private Limited
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 of Tusker Workspace Private Limited
| 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 of Tusker Workspace Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Tusker Workspace are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Tusker Workspace Private Limited
Tusker Workspace Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Real Estate Leasing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| The Ruby Mills Limited Listed | •••• | •••• | •••• | •••• | 207 | Mumbai, Maharashtra, India |
| 91 Springboard Business Hub Private Limited | •••• | •••• | •••• | •••• | 170 | New Delhi, Delhi, India |
| SRV Polytex Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Babylon Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| R.S. Concast Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Tusker Workspace Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| VCS Enterprises Private Limited | •••• | •••• | •••• | •••• | 919 | New Delhi, Delhi, India |
| Bhavna Asset Operators Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| National Realty Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Adamas Builders Private Limited | •••• | •••• | •••• | •••• | 13 | Bangalore, Karnataka, India |
| Melronia Hospitality Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Tusker Workspace by revenue in the BFSI industry (Real Estate Leasing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Tusker Workspace Private Limited
Tusker Workspace Private Limited is audited by BARWAL & ASSOCIATES for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BARWAL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheshagiri Rao Krishnakumar Paplikar | Director | 17 Dec 2014 | 11 Years 9 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 0 Months | Current |
Ownership and Shareholding of Tusker Workspace Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Tusker Workspace Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2025 | Others | ₹2 Cr | Open |
| 29 Nov 2025 | Others | ₹13 Cr | Open |
| 01 Jul 2025 | Others | ₹22 Cr | Open |
| 29 Mar 2025 | Others | ₹18.33 Cr | Open |
| 29 Mar 2025 | Others | ₹7 Cr | Open |
Total charge records: 10 View all charges
Deals & Funding of Tusker Workspace Private Limited
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.
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 |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Tusker Workspace Private Limited
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. Status as checked between 21 Sep 2026 and 04 Oct 2026.
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 Technologies 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 | Court case (Com.O.S.) | Filed by the company against Steptostrategy Software Consulting Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Fliqa Reality Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Godolphine India Private Limited | Pending |
Full case history
All 29 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Tusker Workspace Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Tusker Workspace Private Limited
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 |
Employees and EPFO Compliance at Tusker Workspace Private Limited
Tusker Workspace Private Limited has a workforce of 158 employees as of Oct 10, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Tusker Workspace Private Limited
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.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bhive Buildcon Private Limited | U41000KA2024PTC184955 | Locked |
| Praemineo Proptech Private Limited | U68100MH2018PTC308721 | Locked |
Showing major subsidiaries. Total: 2.
News related to Tusker Workspace Private Limited
Recent Activity on Tusker Workspace Private Limited
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.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Tusker Workspace Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Tusker Workspace Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Tusker Workspace Private Limited
Tusker Workspace has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCT2273G1Z7 | Karnataka | Active | 01 Jul 2017 |
| 27AAFCT2273G1ZB | Maharashtra | Active | 16 Apr 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Tusker Workspace Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Tusker Workspace Private Limited
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 reported revenue of ₹254.53 Cr for FY 2025 (up 45% YoY).
Tusker Workspace has 3 current directors:
- Sheshagiri Rao Krishnakumar Paplikar - Director
- Arun Narayan - Director
- Monnappa Muthappa Bayavanda - Director
Tusker Workspace reported a net profit of ₹73.23 Lakh (net margin 0.3%) and EBITDA of ₹9.75 Cr (EBITDA margin 3.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Tusker Workspace is 189% over three years and 80% over five years. In the latest year (FY 2025) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Tusker Workspace by revenue are The Ruby Mills Limited, 91 Springboard Business Hub Private Limited, SRV Polytex Private Limited, Babylon Infrastructure Private Limited, R.S. Concast Limited and 5 more, all in the BFSI industry (Real Estate Leasing).
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.