Springhouse Coworking Private Limited

Business Overview

• Operates under the brand "SpringHouse" — a managed-office and coworking-space provider headquartered in Gurugram. Per the company's own website (springhouse.in): 25+ centres across Gurugram (17), Delhi (6), Noida (2) and Jaipur (1)
• 1,000,000+ sq ft of workspace
• 300+ organisations and 11,000+ members served
• Offerings include coworking desks, private cabins, virtual offices, managed offices, meeting rooms and event spaces.
• Founded 2016, per company site/LinkedIn narrative, some third-party listings say "founded 2015" — minor discrepancy, unconfirmed.
• MCA filings, via TheCompanyCheck/Falconebiz, show only 8 employees on rolls as of March 2024, indicating an asset-light/franchise-style operating model relative to its stated footprint.

Sector & Classification

Real Estate and Renting — NIC/activity code U70109, "Real estate activities with own or leased property" / business-centre & coworking-space operation (confirmed — Tofler, Falconebiz, TheCompanyCheck).

Directors & Key Management

GST Registrations

Not obtained. No individual GSTIN page (knowyourgst.com/findgst.in/mastersindia.co) could be located for this exact legal entity despite targeted searches by name and by the Tofler-sourced PAN (AAXCS5428G). An IndiaMART listing under a similar name shows a Noida/Gautam Buddha Nagar address and a different registration-date narrative (2018) — flagged as likely a different/unverified entity and NOT attributed here (entity-confusion risk). Home state would be Haryana (06) based on registered address, but no confirmed GSTIN, registration count, or filing status could be sourced.

Financials

• Standalone MCA-filing-derived figures, single-source, TheCompanyCheck, unless noted — treat as partial confidence pending a second corroborating source:
• FY2025 revenue: ₹63.85 crore (+19% YoY) — TheCompanyCheck
• Tofler (separately) shows FY2023 operating revenue in the "₹50–75 cr" band, with YoY revenue growth of 69.96%, EBITDA growth 63.88%, PAT change −5.26%, assets growth 36.47%, debt-to-equity ratio 0.73 — exact absolute EBITDA/PAT/net-worth figures are paywalled ("GET PRO").
• Employees: 8 as of 31 March 2024, Falconebiz/TheCompanyCheck
• Net worth, exact PAT/EBITDA in rupee terms: not obtained, paywalled on all three aggregators
• No standalone vs consolidated distinction stated in any source, company has no disclosed subsidiaries, so likely standalone.

Funding History

• No institutional equity funding rounds found, Tracxn/web search: "has not raised any funding rounds yet". Growth appears debt-funded (see Charges) and via retained earnings/promoter capital, consistent with paid-up capital of only ₹1.5 lakh.

Shareholding

• Not obtained in detail, paywalled on all aggregators.
• Tofler lists both directors, Neelam Pasricha and Mukul Pasricha, with the designation "Shareholder", 10-year tenure each, — indicating the company is closely held/promoter-owned by the two directors, but exact shareholding percentages were not disclosed on any free source.

Loans & Charges

• Source conflict noted:
• TheCompanyCheck/Tofler show 3 open charges totaling ₹34.58 crore, no satisfied charges: ₹4.58 cr (25 Sep 2025), ₹10 cr (25 Sep 2025), ₹20 cr (18 Jul 2023) — lender listed only as "Others" (not named).
• A separate web search result, sourced from Tracxn/ZaubaCorp-style aggregation, states "1 loan from ICICI Bank Limited, total disclosed borrowing of over ₹26.4 crore" — this figure and lender name could not be independently verified on Tofler/TheCompanyCheck and per the known Tracxn-reliability trap, stale/pre-acquisition data risk, is treated with lower confidence.
• Reporting both
• Recommend treating the Tofler/TheCompanyCheck ₹34.58 cr figure as primary.

Related Parties

• Not obtained. No group/related-party entities disclosed on any free-tier source; company does not appear to have listed subsidiaries or a disclosed corporate group.

Credit Ratings

• None found. No CRISIL/ICRA/CARE rating could be located for this entity via targeted search — consistent with a small, closely-held private company with no rated debt instruments on record.

Competitive Landscape

• Coworking/managed-office peers, mix of scale, from web-search aggregation of "similar companies" listings:
• WeWork India — large, funded, listed, IPO'd on NSE/BSE in 2025
• Awfis Space Solutions Pvt Ltd — large, listed on NSE/BSE
• Smartworks Coworking Spaces Pvt Ltd — large, IPO-track, pan-India
• Table Space — large, well-funded, $402M raised across 5 rounds, latest Series D Aug 2024
• 91springboard — mid-size, multi-city
• BHIVE Workspace — mid-size, Bengaluru-anchored, expanding
• MyHQ, Reliance-backed workspace aggregator, — mid-size, aggregator model
• Springhouse itself is small-scale relative to these, ₹60–75 cr revenue band, single-region NCR+Jaipur footprint, no institutional funding.

Frequently Asked Questions

Sources

Tofler (tofler.in/springhouse-coworking-private-limited/company/U70109HR2016PTC065647); TheCompanyCheck (thecompanycheck.com/company/springhouse-coworking-private-limited/U70109HR2016PTC065647); Falconebiz (falconebiz.com/company/SPRINGHOUSE-COWORKING-PRIVATE-LIMITED-U70109HR2016PTC065647); company website (springhouse.in, springhouse.in/about-us); web search aggregation citing Tracxn/RocketReach for competitors and funding status; web search citing an ICICI Bank charge figure (source/URL not independently opened, lower confidence); Indian Kanoon (searched, no results); GST-specific sources (knowyourgst.com, findgst.in, mastersindia.co) searched but no matching GSTIN page found for this entity.