Investment brings together two managed workspace platforms in India and the Philippines, advancing Table Space’s international growth strategy
Bengaluru, September 18, 2026: Table Space, India’s largest* workspace operator by Leased Area, and Rava Partners, Hillhouse Investment’s dedicated real assets strategy (together, “Hillhouse”), today announced the acquisition of a majority stake in KMC Solutions (“KMC” or the “Company”), a Philippines-based enterprise service provider focused on managed workspace and HR solutions.
The investment brings together two managed office operators in India and the Philippines to create one of the largest players in the APAC managed office sector, with approximately 13 million square feet of space under management across two of the region’s largest markets for Global Capability Centers (GCCs).
For Table Space, the investment marks an important step in its broader international growth strategy, extending its enterprise workspace proposition beyond India into the Philippines - a complementary market for global enterprises building and scaling operations across Asia.
The partners see potential to grow both companies’ customer bases, extend value-added service offerings to serve the broader needs of existing clients, and share best practices across technology and operations.
Following completion of the investment, KMC will gain access to Hillhouse and Table Space’s regional network and operational expertise to accelerate its next phase of growth. As part of the transaction, KMC’s founders will retain a significant interest in the business, and KMC will continue to operate under its existing management team and brand.
“India is a key factor in how global enterprises build and scale capability, and continues to be the core of Table Space’s growth strategy. At the same time, our customers are increasingly operating across multiple markets, creating an opportunity to extend the platform we have built in India to other strategically relevant geographies. Karan Chopra and Kunal Mehra, Co-CEOs ,Table Space
The Philippines is a natural complement to India given its position as a destination for global business services and GCCs. KMC has built an enterprise workspace and business services platform in the market. Together, we see an opportunity to support global customers across India and the Philippines while advancing Table Space’s broader international growth strategy.”
“Having lived through the sharing economy euphoria, we have come to see managed office as a mature sector with a real value-creation proposition for blue-chip corporate tenants. We are excited to back Table Space's expansion through the investment in KMC, bringing together two platforms to create one of the largest players of its kind in APAC.” Joe Gagnon, Co-Head of Rava Partners and Partner, Hillhouse
“India and the Philippines have long been the backbone of global business services, and this partnership reflects our conviction in the increasing adoption of enterprise-grade managed office platforms across the region. Both Table Space and KMC have demonstrated track records of disciplined and profitable growth. Together, the combined platform can be uniquely positioned to compound that success across APAC.” Siddhartha Gupta, Founder of Alta Capital and Partner, Hillhouse
“We are thrilled to welcome Hillhouse and Table Space as our new partners. This is a validation of what our team has built over the past 15 years. The partnership gives us access to growth capital, industry ecosystem, and operational expertise to continue as one of the dominant managed workspace providers in the Philippines and to grow our footprint regionally. We continue to see a strong value proposition in global business services, particularly as the growing AI adoption reshapes and expands the services we are able to provide.” Michael McCullough, Co-Founder and Chairman ,KMC
“The opportunity to partner with Hillhouse and Table Space is a force-multiplier for KMC. Together, we look to continue growing our products and services in underserved markets that are highly scalable and operationally excellent. KMC has always endeavored to reimagine workplace agility and redefine how companies build and manage their teams. This partnership is an important next step in delivering future-ready workplaces and business services that empower companies to grow with confidence.” KMC Co-Founders ,Gregory Kittelson and Amanda Carpo
A Strategic Extension of Table Space’s Enterprise Platform
Since its inception in 2017, Table Space has built a scaled, enterprise-focused managed workspace platform in India.
As of March 31, 2026, Table Space had 11.46 million square feet of Leasable Area across 33 key office clusters in eight Tier-1 Indian cities. It was the largest among benchmarked managed workspace operators in India by Leased Area, with 9.33 million square feet of Leased Area.
The investment in KMC extends this enterprise-focused strategy into another significant Asian market for global corporations and GCCs.
India and the Philippines are complementary locations for global enterprises building distributed capabilities across technology, operations and business services. The partnership creates an opportunity to support these organisations across markets while providing access to a broader set of workspace and business services.
About Table Space
Table Space is one of India’s leading providers of enterprise-grade managed workspace solutions and, as of March 31, 2026, was the largest among benchmarked managed workspace operators in India by Leased Area.
Founded in 2017, the company had a portfolio of 11.46 million square feet of Leasable Area across 33 key office clusters in eight Tier-1 Indian cities as of March 31, 2026.
From custom-built offices to ready-to-move-in suites, Table Space delivers fully managed workspace solutions for global capability centers, Fortune 500 companies and multinational corporations.
Table Space specialises in delivering premium managed workspace solutions through an integrated enterprise workplace model spanning leasing, design and build, fit-out, operations, facilities management and compliance across the workspace lifecycle.
*Largest operator (amongst benchmarked operators) in terms of Leased Area as of 31st Mar 2026.
About Hillhouse
Founded in 2005 with seed capital from Yale University Endowment, Hillhouse is a leading global alternative investment manager headquartered in Singapore. With two decades of experience, Hillhouse has grown to be a large alternative asset manager with a range of investment strategies that span public equities, private equity, private credit and real assets.
The firm has a global investment committee and an international team of over 100 investment and operational professionals from over 18 countries, including Japan, the United Kingdom, India, Singapore and the United States.
Hillhouse’s private equity portfolio is geographically diverse, with investments in more than 30 countries worldwide. Hillhouse manages assets on behalf of primarily U.S., Southeast Asia and Middle East-based institutional clients such as university endowments, foundations, family offices and other long-term institutional investors.
About Rava Partners
Rava Partners invests in real assets, partnering with quality business leaders to build the physical infrastructure that underpins Asia-Pacific’s new economy.
Rava Partners builds real asset platforms in growth sectors of Asia’s economy such as education, logistics / industrial, life sciences / healthcare, multifamily accommodation, digital infrastructure and other specialised asset classes.
Rava Partners is the real assets strategy established by Hillhouse together with Rava Partners senior management in 2020 as a complement to Hillhouse’s broader private investment platform.
Since its launch, Rava Partners has invested approximately US$4 billion of equity, on behalf of funds managed by Rava Partners and Hillhouse, in more than 20 real estate companies across the Asia-Pacific region.
About KMC
Founded in 2010, KMC is one of the largest managed workspace providers in the Philippines, providing customised offices and holistic workplace management to multinational customers, along with a range of value-added business services.
With more than 30 offices across major Philippine business districts, KMC also delivers Employer of Record, payroll, compliance and IT support services, enabling global enterprises to build and manage high-performing global teams with speed and confidence.
Source :Money Rediff
