Table Space

Table Space operates as a leading managed workspace provider specializing in enterprise-grade solutions. The company serves Fortune 500 firms, GCCs (Global Capability Centers), and large enterprises across seven Indian cities, offering end-to-end "Workspace-as-a-Service" (WaaS). Its unique value proposition lies in blending premium real estate with tech-driven agility—delivering customized offices in 90 days via integrated design-build-operate capabilities, while ensuring compliance and scalability.

Key milestones

• Funding: $300 million Series B (2022) from Hillhouse Capital, fueling portfolio expansion to 10.5 million sq. ft. by FY25.

• Revenue surge: 41% YoY growth in FY25, with ₹1,295 crore revenue (projected).

• Product innovation: Launched "TS Suites" (2024), generating ₹200 crore revenue in nine months.

• Market leadership: 300+ enterprise clients, including 50+ Fortune 500 companies.

Core Products & Services

• Custom-Built Managed Offices: Design-to-operate solutions for large enterprises (e.g., Google, Apple).

• TS Suites: Ready-to-move-in premium offices (₹800 crore revenue target by 2025).

• Meeting & Event Spaces: On-demand training rooms and conference facilities.

• Technology Platform: IoT-enabled occupancy analytics and mobile app for real-time management.

Business Model & Revenue Streams

• Rental/Lease Income (75%): ₹970 crore from long-term enterprise contracts.

• Value-Added Services (20%): Facility management, F&B, event hosting.

• TS Suites (5%): Targeting ₹800 crore by 2025.

Geographic Mix

• Bengaluru (33%): 3.46 million sq. ft.

• NCR (23%): 2.42 million sq. ft.

• Pune/Hyderabad (30%): Key growth corridors.

Customer Segmentation

• Enterprises (100%): GCCs (40%), IT/ITeS (30%), BFSI (20%), healthcare (10%).

Top Clients & Partnerships

1. Real Estate Partners

• K Raheja Corp: 1.3 lakh sq. ft. TS Suites in Mumbai’s Altimus.

• Oberoi Realty: Goregaon Commerz III lease.

• DLF: 160,000 sq. ft. in Hyderabad’s Mindspace IT Park.

2. Technology Enablers

• Hillhouse Capital: $300M backing for IoT/analytics integration.

Future Outlook & Strategic Priorities

• TS Suites Scale: Triple portfolio to 35 centers (35,000 seats) by 2025.

• Geographic Expansion: Target 18 million sq. ft. by 2027 via ₹4,500 crore investment.

• IPO Trajectory: $2.5 billion valuation target (Axis Capital advising).

• GCC Monetization: Leverage India’s 50+ new GCCs in 2024–25.

• Real Estate Volatility: 20% annual lease inflation in prime micro-markets.

• Macro Sensitivity: Tech-sector layoffs impacting IT/ITeS demand.