About Work Space Solutions India Private Limited
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Work Space Solutions India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 20 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36101KA2006PTC040006. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subramanian Parvathi and Dattaram Srichand Thondley.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.60 8th Main 18th Cross Malleshwaram, Bangalore, Karnataka, India – 560035.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.67 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹3.22 Lakh (net margin 1.9%) and EBITDA of ₹9.27 Lakh (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website workspace.in.
Company details
Contact details
Work Space Solutions India Private Limited's registered office is in Bangalore, Karnataka. Its website is workspace.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.60 8th Main 18th Cross Malleshwaram, Bangalore, Karnataka, India – 560035
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Work Space Solutions India Private Limited, buy the company report.
- 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
Business activity
The main business activity of Work Space Solutions India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Work Space Solutions India Private Limited, buy the company report.
Financials of Work Space Solutions India Private Limited
FY 2023 filings availableWork Space Solutions India Private Limited reported revenue of ₹1.67 Cr (down 50% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 89% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹9.27 Lakh | ||||
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| Net Profit (PAT) | ₹3.22 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Work Space Solutions India Private Limited, buy the company report.
Board of directors of Work Space Solutions India Private Limited
Work Space Solutions India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Parvathi | Additional Director | 08 Mar 2024 | 2 Years 8 Months | Current |
| Dattaram Srichand Thondley | Additional Director | 08 Mar 2024 | 2 Years 8 Months | Current |
Auditor
Work Space Solutions India Private Limited is audited by K K Rao & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K Rao & Associates | FY 2023 | 010757S |
Shareholding
The shareholding of Work Space Solutions India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Work Space Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Mar 2010 | 10210270 | Canara Bank | ₹1 Cr | Open |
To see the full charge records of Work Space Solutions India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Work Space Solutions India Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (1 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms. Wipro Ltd. | Disposed |
To see the full case history of Work Space Solutions India 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
No delayed payments to MSME suppliers are on our record for Work Space Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Work Space Solutions India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Work Space Solutions India Private Limited, buy the company report.
Recent activity
Work Space Solutions India Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Dattaram Srichand Thondley was appointed as Additional Director on 08 Mar 2024.
Frequently asked questions
Work Space Solutions India is an active private limited company based in Bangalore, Karnataka, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 20 July 2006 (20+ years old) and is registered under CIN U36101KA2006PTC040006.
Work Space Solutions India has 2 current directors:
- Subramanian Parvathi - Additional Director
- Dattaram Srichand Thondley - Additional Director
The latest financial statements of Work Space Solutions India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Work Space Solutions India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Work Space Solutions India is U36101KA2006PTC040006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Work Space Solutions India has 4 court cases on record: 4 filed against it.
Work Space Solutions India was incorporated on 20 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Dattaram Srichand Thondley was appointed as Additional Director on 08 Mar 2024. Subramanian Parvathi was appointed as Additional Director on 08 Mar 2024. Dhruv Mahendra Patwari ceased to be Additional Director on 30 Nov 2021. Work Space Solutions India has 7 board changes on record in total.
Work Space Solutions India can be reached through the website workspace.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Work Space Solutions India is at No.60 8th Main 18th Cross Malleshwaram, Bangalore, Karnataka, India – 560035.
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