COMPANY INTELLIGENCE PROFILE
Clayworks Spaces Technologies Private Limited
Clayworks operates premium managed offices and coworking spaces under the brand "Clayworks Spaces" across Bangalore.
Clayworks Spaces Technologies Private Limited, founded on August 23, 2017, operates in the real estate activities sector, providing premium managed offices and coworking spaces in Bangalore under the "Clayworks Spaces" brand. With 17 centers and over 17,000 seats across eight Bangalore micromarkets, the company serves 350+ client brands. In FY2024, revenue reached ₹23.39 crore with significant growth, though net profit worsened. Total funding is around $10 million across three rounds. The company is currently uncredited by major rating agencies and faces an unresolved Legal arbitration initiated in January 2024.
AI-generated, may contain errors.
Business Overview
- Clayworks operates premium managed offices and coworking spaces under the brand "Clayworks Spaces" across Bangalore.
- Per its official site, clayworks.space: 17+ centres, 17,000+ seats, 8+ Bangalore micromarkets, JP Nagar, Bannerghatta Road, MG Road, Richmond Road, Koramangala, Whitefield, Electronic City, ORR/Bellandur, serving 350+ client brands.
- Offerings: managed private offices, coworking/hot desks, enterprise solutions for Global Capability Centres (GCCs), meeting rooms, day passes, virtual offices, event spaces.
- Positioning: "Humansense at Work" — wellbeing/design-led flexible workspace.
- Registered MCA business activity: real estate activities on fee/contract basis.
Sector & Classification
Real estate activities on fee/contract basis (Real Estate and Renting sector) — TheCompanyCheck lists NIC activity "Real estate activities on fee or contract basis"
Directors & Key Management
Directors — source notes
Board (Tofler, TheCompanyCheck, Falconebiz — cross-confirmed across 3 sources): 1. Avinash Vankadaru — Additional Director — DIN 08189844 (also director at ODCEM Technologies Pvt Ltd, OD Technologies Pvt Ltd, Sanghi Residency Pvt Ltd per Falconebiz/search) 2. Rahul Singh — Director & Shareholder — DIN 02492032 (contact rahul@clayworks.in per Connect2India) 3. Shashidhar Abhijith — Director & Shareholder — DIN 07328695 Past directors/full appointment-cessation history: not obtained (paywalled).
GST Registrations
Not obtained. No individual GSTIN page could be located via knowyourgst.com, findgst.in, or mastersindia.co for "Clayworks Spaces Technologies Private Limited" (searches surfaced only unrelated similarly-named entities: Clayo Technologies, Clayfin Technologies). Home state would be Karnataka (GSTIN prefix 29) given HQ/RoC, but this is inferred, not confirmed. #registrations and status: not obtained.
Financials
Clayworks Spaces Technologies Private Limited reported a 91% YoY increase in revenue to ₹23.39 Cr for FY2024, with EBITDA up by 107.85%. The company saw a deepening loss with net profit change of -1433.95% YoY. Borrowings increased by 103.76% and total assets by 136.58% YoY. The FY2025 revenue is around ₹44.1 Cr. Employee count ranged from ~32 in April 2024 to 97 in June 2026.
AI-generated, may contain errors.
- Standalone financials, private limited, MCA filings via Tofler/TheCompanyCheck:
- FY2024, year ended 31-Mar-2024: Revenue ₹23.39 Cr, up 91% YoY, TheCompanyCheck.
- EBITDA +107.85% YoY change, Net Profit change -1433.95% YoY, i.e., swung to/deepened a loss, Borrowings +103.76% YoY, Total Assets +136.58% YoY — TheCompanyCheck/Tofler show only % deltas
- Absolute EBITDA/PAT/net worth/borrowings figures are paywalled, "not obtained" as exact numbers.
- FY2025, year ended 31-Mar-2025: Annual revenue ~₹44.1 Cr per Tracxn/aggregated search summary (ynos.in) — directionally consistent with the FY2024 base plus continued high growth, not independently verified against an audited filing; flag as partial/secondary-source.
- Employees: ~32, Tofler, as of Apr 2024, vs 97, Tracxn, as of Jun 2026, — likely reflect different snapshot dates/methodologies; report both, do not average.
- Net worth, exact PAT, EBITDA absolute values: not obtained.
Funding History
| Total disclosed funding | ~$10M across 3 rounds from investors including Nisus Finance Services and NuVentures, per Tracxn round-name data, used only for round identification per source rules: |
| Jul 3, 2018 | Venture debt / early round — Nisus Finance Services, ~$2.5 Lakh cited by one search summary; treat with caution |
| Mar 9, 2022 | Series A — lead Nisus Finance Services |
| Dec 11, 2025 | Series A, additional tranche, — 1 investor, amount undisclosed |
| Valuation | undisclosed/masked in all sources. DPIIT-recognized startup, TheCompanyCheck. This is Tracxn-sourced round-name/date data only |
| Treat amounts as indicative, not confirmed. | |
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| includes Tata Capital Financial Services Limited | ₹10 Cr | |
| Latest charge | ₹50 Cr | registered 28-Oct-2025 |
- Per TheCompanyCheck, MCA charge filings:
- Satisfied/closed charges: ₹34.15 Cr, historical, already released
- Full lender-wise breakup and instrument details: not obtained (paywalled). Note: "no charges" caveat does not apply here — company clearly carries open secured debt.
Credit Ratings
- None found. No CRISIL, ICRA, or CARE rating for Clayworks Spaces Technologies Private Limited located via targeted search
- Company does not appear in rating-agency public listings checked.
Legal & Compliance
- Indian Kanoon: "M/S Clayworks Spaces Technologies Pvt Ltd vs M/S Talentbridge Technologies Pvt.
- Ltd" — Karnataka High Court at Bengaluru, order dated 19-Jan-2024, https://indiankanoon.org/doc/181527666/.
- Clayworks (as petitioner) sought appointment of an arbitrator under Section 11 of the Arbitration and Conciliation Act, 1996, arising from a Leave and License Agreement dated 01-Oct-2019 with an arbitration clause.
- Respondent did not contest
- Court appointed Justice A.N. Venugopala Gowda, Retd., Karnataka HC, as sole arbitrator. No other litigation located.
Competitive Landscape
- Bangalore/India flexible-workspace peers, named 3-6, rough scale tags:
- 1. Smartworks — large-scale managed-campus platform, much larger AUM/seat count, pre-IPO/listed-track major player
- 2. Awfis Space Solutions — listed (NSE/BSE), pan-India network leader, capital-light model, significantly larger scale
- 3. CoWrks — premium coworking, comparable design-led positioning, multi-city presence, larger scale
- 4. Innov8 — premium flexible offices, 20+ centres pan-India, comparable/slightly larger scale
- 5. 91springboard — pan-India coworking network, comparable-to-larger scale
- 6. WeWork India — global/national brand, much larger scale
- , Sources: Tracxn competitive-position data ranking ClayWorks 44th of 1,829 active competitors in flexible workspace; RocketReach/CB Insights peer lists; general market search.
Frequently Asked Questions
What does Clayworks Spaces Technologies Private Limited do?
Clayworks Spaces Technologies Private Limited operates premium managed offices and coworking spaces under the brand 'Clayworks Spaces' across Bangalore. They offer managed private offices, coworking/hot desks, enterprise solutions for Global Capability Centres (GCCs), meeting rooms, day passes, virtual offices, and event spaces.
What is the CIN of Clayworks Spaces Technologies Private Limited?
The CIN of Clayworks Spaces Technologies Private Limited is U70200KA2017PTC105809.
When was Clayworks Spaces Technologies Private Limited incorporated?
Clayworks Spaces Technologies Private Limited was incorporated on 23 August 2017.
Where is the registered office of Clayworks Spaces Technologies Private Limited located?
The registered office of Clayworks Spaces Technologies Private Limited is located at No.74, MASS Complex, 15th Cross Road, 3rd Floor, J.P Nagar 3rd Phase, Sarakki Industrial Layout, Bangalore, Karnataka, India, 560078.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.