MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0012499
Workenstein Collaborativespaces Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹117.07 Cr
▲ 10% YoY
Net loss · FY 2024
₹13.23 Cr
Net margin -11.3%
EBITDA · FY 2024
₹76.76 Cr
EBITDA margin 65.6%
Authorised capital
₹8.85 Cr
Registered with MCA
Paid-up capital
₹8.85 Cr
Issued & subscribed
Open charges
₹106.72 Cr
Satisfied ₹42.25 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
146
Provident fund records
About Workenstein Collaborativespaces Private Limited
Data last updated:
Workenstein Collaborativespaces Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Sakh Holding Co. Llp. It operates in the real estate financing segment of the financial services sector. It was incorporated on 12 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74994TN2018PTC123185. Its GSTIN is 33AACCW2231J1ZL (Tamil Nadu). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹8.85 Cr and a paid-up capital of ₹8.85 Cr. It is led by directors Harbinder Singh Mendhi and Gurbinder Pal Singh.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹117.07 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹13.23 Cr (net margin -11.3%) and EBITDA of ₹76.76 Cr (EBITDA margin 65.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 36% over five years.
The company has about 146 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Workenstein and Workafella. As per MCA filings, the company has open charges of ₹106.72 Cr and satisfied charges of ₹42.25 Cr on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 2 deals on record (1 rights issue, 1 acquisition); the latest was in February 2020. Its 4 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 3 smaller; the largest is NV Projects Private Limited with revenue of ₹120.92 Cr.
Workenstein Collaborativespaces Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0012499). For more details, the company can be reached via its website originrealty.in.
Company details
CIN U74994TN2018PTC123185
Registration Number 123185
Incorporation Date 12 June 2018
ROC Chennai
Listing Status Unlisted
Company Status Active
Parent Company Sakh Holding Co. Llp
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0012499
Recognitions & Rankings of Workenstein Collaborativespaces
Contact details
Workenstein Collaborativespaces Private Limited's registered office is in Chennai, Tamil Nadu. Its website is originrealty.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6th Floor Tower – C Tek Meadows No.51 Rajiv Gandhi Salai Sholinganallu, R, Chennai, Tamil Nadu, India – 600119
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Workenstein Collaborativespaces Private Limited, buy the company report.
Comprehensive company report
Workenstein Collaborativespaces 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
Workenstein Collaborativespaces operates two associated brands: Workenstein and Workafella. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions for co-working spaces. | workenstein.com | |
| Offers flexible coworking and office spaces for professionals in key urban areas. | workafella.com |
Business activity
The main business activity of Workenstein Collaborativespaces is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Workenstein Collaborativespaces Private Limited, buy the company report.
Financials of Workenstein Collaborativespaces Private Limited
FY 2024 filings availableWorkenstein Collaborativespaces Private Limited reported revenue of ₹117.07 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹117.07 Cr ▲ 10%
Net loss · FY 2024
₹13.23 Cr margin -11.3%
EBITDA · FY 2024
₹76.76 Cr margin 65.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 13%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 12%
5 years · compounded
▲ 155%
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 10% growth in the latest year. EBITDA rose 4% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹117.07 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹76.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.23 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 65.6% | ||||
| Net Profit Margin | -11.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Workenstein Collaborativespaces Private Limited, buy the company report.
Board of directors of Workenstein Collaborativespaces Private Limited
Workenstein Collaborativespaces has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harbinder Singh Mendhi Also directs: Grande City Development Co. LLP, Aether Space Development Co. LLP, Sakh Holding Co. LLP and 5 more | Director | 12 Jun 2018 | 8 Years 5 Months | Current |
| Gurbinder Pal Singh Also directs: Grande City Development Co. LLP, Aether Space Development Co. LLP, Sakh Holding Co. LLP and 5 more | Director | 12 Jun 2018 | 8 Years 5 Months | Current |
Peer comparison
Workenstein Collaborativespaces Private Limited is compared with the 4 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NV Projects Private Limited | ₹120.92 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Workenstein Collaborativespaces Private Limitedthis company | ₹117.07 Cr (FY 2024) | -₹13.23 Cr | -11.3% | 10.0% | 146 | Chennai, Tamil Nadu, India |
| India Land Tech Park Private Limited | ₹112.82 Cr (FY 2024) | 31.0% | Mumbai, Maharashtra, India | |||
| Gannayak Agency Private Limited | ₹112.63 Cr (FY 2025) | 331172.0% | Kolkata, West Bengal, India | |||
| Enn Enn Corp Limited | ₹112.32 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Workenstein Collaborativespaces Private Limited, buy the company report.
Auditor
Workenstein Collaborativespaces Private Limited is audited by S. Venkatram & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Venkatram & Co. LLP | FY 2024 | 004656S/S200095 |
Shareholding
The shareholding of Workenstein Collaborativespaces Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Workenstein Collaborativespaces Private Limited, buy the company report.
Charges & borrowings
Open charges
₹106.72 Cr
Satisfied charges
₹42.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2024 | 100990200 | Karnataka Bank Ltd. | ₹100 Cr | Open | |
| 31 Aug 2024 | 100978742 | Hdfc Bank Limited | ₹70 Lakh | Open | |
| 29 Aug 2024 | 100978737 | Hdfc Bank Limited | ₹1.68 Cr | Open | |
| 22 Jan 2024 | 100876371 | Hdfc Bank Limited | ₹1.95 Cr | Open | |
| 24 Nov 2023 | 100853923 | Hdfc Bank Limited | ₹25.12 Lakh | Open |
To see the full charge records of Workenstein Collaborativespaces Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Workenstein Collaborativespaces Private Limited has 2 deals on record (1 rights issue, 1 acquisition); the latest was in February 2020.
Total deals
2
Rights issue
1
Acquisition
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Acquisition | ₹7.6 Cr | Buyer: Sakh Holding Co. LLP |
| Dec 2018 | Rights issue | ₹1.24 Cr | Investors: Sakh Holding Co. LLP , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Workenstein Collaborativespaces Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (A.R.B.O.P) | Filed against the company by M/S Lifetime Wellness RX International Limited., | Disposed |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by M/S. Golden Star Facilities and Services Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Chordia Enterprises | Disposed |
To see the full case history of Workenstein Collaborativespaces 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 Workenstein Collaborativespaces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Workenstein Collaborativespaces Private Limited has a workforce of 146 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
146
Active EPFO establishments
1
Employee growth
-29.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 146 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Workenstein Collaborativespaces Private Limited, buy the company report.
GST
Workenstein Collaborativespaces has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCW2231J1ZL | Tamil Nadu | Active | 30 Aug 2018 |
| 29AACCW2231J1ZA | Karnataka | Active | 24 Aug 2018 |
| 36AACCW2231J1ZF | Telangana | Active | 15 Sep 2018 |
| 27AACCW2231J1ZE | Maharashtra | Active | 27 Dec 2018 |
To see the full GST registrations and return filing status of Workenstein Collaborativespaces Private Limited, buy the company report.
Recent activity
Workenstein Collaborativespaces Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Gurbinder Pal Singh was appointed as Director on 12 Jun 2018.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 100.00 Cr with Charge ID 100990200 was registered on 04 Oct 2024.
AGM
Workenstein Collaborativespaces 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. 0.70 Cr with Charge ID 100978742 was registered on 31 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.68 Cr with Charge ID 100978737 was registered on 29 Aug 2024.
Charges
A charge registered on 29 Dec 2021 via Charge ID 100522447 with Others was fully satisfied on 08 Aug 2024.
Charges
A charge registered on 22 Jul 2021 via Charge ID 100469190 with Others was fully satisfied on 08 Aug 2024.
Charges
A charge registered on 12 Oct 2020 via Charge ID 100385483 with Others was fully satisfied on 08 Aug 2024.
Charges
A charge registered on 07 Jan 2020 via Charge ID 100320462 with Others was fully satisfied on 08 Aug 2024.
Filing
Workenstein Collaborativespaces Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.95 Cr with Charge ID 100876371 was registered on 22 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100853923 was registered on 24 Nov 2023.
Charges
A charge with Others of Rs. 32.60 Cr registered on 07 Jan 2020 with Charge ID 100320462 was modified on 29 Mar 2023.
10 earlier events are in the company report.
News
Frequently asked questions
Workenstein Collaborativespaces is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate financing, within the financial services industry. It was incorporated on 12 June 2018 (8+ years old) and is registered under CIN U74994TN2018PTC123185.
Workenstein Collaborativespaces has 2 current directors:
- Harbinder Singh Mendhi - Director
- Gurbinder Pal Singh - Director
The latest financial statements of Workenstein Collaborativespaces 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 FY 2019 are in the company report.
The GSTIN of Workenstein Collaborativespaces is 33AACCW2231J1ZL, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCW2231J1ZA (Karnataka), 36AACCW2231J1ZF (Telangana), 27AACCW2231J1ZE (Maharashtra).
The CIN (Corporate Identification Number) of Workenstein Collaborativespaces is U74994TN2018PTC123185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Workenstein Collaborativespaces has 3 court cases on record: 3 filed against it.
Workenstein Collaborativespaces was incorporated on 12 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Workenstein Collaborativespaces has 2 deals on record (1 rights issue, 1 acquisition); the latest was in February 2020.
The peers of Workenstein Collaborativespaces by revenue are NV Projects Private Limited, India Land Tech Park Private Limited, Gannayak Agency Private Limited, Enn Enn Corp Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Gurbinder Pal Singh was appointed as Director on 12 Jun 2018. Harbinder Singh Mendhi was appointed as Director on 12 Jun 2018.
Yes, Workenstein Collaborativespaces is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0012499).
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