Table Space Technologies Pvt. Ltd, a managed workspace operator backed by investors  such as Hill House Capital, has crossed the $100 million revenue milestone in FY24,  riding on the back of strong demand for premium office spaces among large  enterprises. 

However, even as revenues surged, the company’s profit growth was tempered by  higher expenses, including expansion-related costs and increased outlays on design  and technology. 

According to regulatory filings sourced via Tofler, Table Space reported operating  revenue of ₹874 crore (around $105 million) in FY24, up from ₹604 crore in the previous  fiscal. Net profit for FY24 stood at ₹14.4 crore, up from ₹10.2 crore in FY23. 

Founded in 2017, Table Space provides premium managed office spaces for large  enterprises including JPMorgan, Samsung, Accenture, and Microsoft. It operates more  than 8 million sq. ft. of office space across top Indian cities like Bengaluru, Hyderabad,  Pune, Mumbai, and Delhi NCR. 

The company’s business model revolves around long-term lease agreements with  landlords, which are then converted into customized office solutions for clients,  including design, build, and facility management. 

It also uses proprietary tech tools to monitor and manage workspaces, aiming to  enhance space utilization and employee experience. 

In 2021, Table Space raised $300 million in a funding round led by Hill House Capital.  Since then, it has expanded aggressively to capitalize on India’s evolving workspace  demand, especially among global capability centers (GCCs). 

While competitors like Smartworks, Awfis, and WeWork India cater to startups and  SMEs, Table Space has carved a niche by focusing solely on large enterprises, offering  bespoke offices and end-to-end solutions. 

With enterprise demand continuing to grow and companies prioritizing experience-led,  flexible offices, Table Space is likely to see sustained growth — though managing  margins while scaling operations will remain a challenge.