Kontor Space
Kontor Space Limited is an India-based coworking and managed-office operator in Maharashtra, providing flexible desks, private offices, meeting rooms, event spaces, and virtual office services to freelancers, startups, SMEs, and enterprises across Thane, Mumbai, Pune, and Navi Mumbai.
- Company typePublic
- Founded2018
- HeadquartersThane, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Kontor Space does
Kontor Space Limited is an India-based coworking and managed-office operator headquartered in Thane, Maharashtra, and listed on the NSE SME exchange (ticker: KONTOR). Founded in January 2018 and converted to a public limited company in mid-2023 ahead of an October 2023 IPO, the company rents, designs, and manages commercial workspace across multiple Maharashtra sub-markets, including Thane (Ashar IT Park), Mumbai (BKC, Fort, MIDC, Gemini House), Pune (Fatima Nagar), and Navi Mumbai (Mahape, Seawoods). Its product portfolio spans a full continuum from hourly hot-desks and dedicated desks through executive cabins and private offices (2–50 and 50–700+ seat formats) up to meeting rooms, conference facilities, event venues for up to 500 people, and virtual office services with mail handling and call answering. A Women's Dedicated Area (WDA) provides differentiated facilities including maternity rooms and daycare.
The underlying business model is a managed-office operator model: Kontor takes real estate on lease, fits it out (with Vastu-compliant, biophilic interior design as differentiators), and sub-leases capacity to end customers on flexible terms — pay-as-you-go for desks and meeting rooms, monthly subscriptions for dedicated cabins and private offices. Revenue streams are predominantly recurring subscriptions (memberships, private offices, virtual offices) supplemented by usage-based bookings (meeting rooms, event space) and ancillary managed services (reception, mail handling, telephone lines). Go-to-market is a hybrid of self-serve website booking (Book A Tour, online desk reservation), on-site enterprise sales for larger 50–700+ seat deals, and a broker/affiliate referral program paying 10% commission for up to 12 months. Customer segments span freelancers and solopreneurs (primary), early-stage startups (primary), SMEs, large enterprises, women entrepreneurs, and digital nomads. The technology stack is conventional for coworking — high-speed internet, smart TVs, AV conferencing — with no proprietary software or AI capabilities disclosed.
Financially, the company reported a trailing-twelve-month net profit of ₹24 million to September 2023 on shareholders' equity of ₹59 million, generating an exceptional 41% ROE (vs. a 7.6% industry average) and a five-year net income growth rate of 57% (vs. 22% industry average). The October 2023 IPO raised ₹15.62 crore entirely via fresh equity, with proceeds earmarked for rental deposits and fit-out capex on new co-working centers — i.e., funded capacity expansion rather than deleveraging. The IPO was subscribed 70.97x and listed at a 31.18% premium, indicating strong market validation. The company does not disclose revenue, but proxies (profit, ROE, scale) suggest a sub-$5M annual revenue base.
Kontor Space firmographics
Firmographics- Name
- Kontor Space
- Legal name
- Kontor Space Limited
- Website
- https://kontorspace.in
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Kontor Space Limited is an India-based coworking and managed-office operator in Maharashtra, providing flexible desks, private offices, meeting rooms, event spaces, and virtual office services to freelancers, startups, SMEs, and enterprises across Thane, Mumbai, Pune, and Navi Mumbai.
- Ownership category
- akta.pro rank
Kontor Space industry classification
Industry- Product category
- Coworking & Managed Office Spaces
- NAICS
- Facilities Support Services (561210)
- SIC
- Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Office Property Management (BPAJAGAA)
- akta.pro secondary industry
- Venue & Facility Reservations (Private Rooms, Event Spaces) (HSACALAJ)
Keywords
Where Kontor Space is headquartered
LocationHeadquarters
- HQ city
- Thane
- HQ country
- India
- HQ region
- Asia
Offices8 records
Markets served
Kontor Space business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales
Revenue model
- Coworking Memberships: Flexible and dedicated desk memberships offering 24/7 access to shared workspaces with amenities including internet, coffee, and community access.
- Managed Private Offices: Fully equipped private office spaces for teams of 2-700+ employees with customizable configurations and admin services.
- Virtual Office Packages: Remote office address services including business mailing address, call answering, and occasional meeting room access.
- Event and Meeting Room Bookings: Hourly or daily rental of meeting rooms, conference rooms, and event spaces accommodating 4-500 persons.
- Administrative Services: Additional services including receptionist duties, mail/package handling, and telephone line provisioning.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Flexi Desk - Hot desk access for flexible working |
| Subscription | Monthly | My Desk - Dedicated personal desk |
| Subscription | Monthly | Executive Cabin - Private cabin for individuals |
| Subscription | Monthly | Large Private Spaces - Team offices for 50-700+ employees |
| Subscription | Monthly | Small Private Spaces - Team offices for startups and mid-size enterprises |
| Subscription | Monthly | Virtual Office - Remote business address and support |
| Usage-based | Pay-as-you-go | Event Space - Venue rental for up to 500 persons |
| Usage-based | Pay-as-you-go | Meeting Rooms - Team and client meeting spaces |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Kontor Space product offering
Product offeringCore offering
Kontor Space rents and manages coworking and private office spaces across Maharashtra, India, offering flexible desks, dedicated desks, executive cabins, private team offices (2-700+ seats), meeting and conference rooms, event venues, and virtual office services. The company customizes and operates commercial properties on behalf of tenants, providing ancillary services such as reception, mail handling, call answering, and community events.
Product overview
Kontor Space is a coworking and managed office space provider operating across Maharashtra, India with four locations (Thane, Mumbai BKC, Fort, and Pune). The company offers a comprehensive portfolio of workspace solutions ranging from individual flexible desks and executive cabins to private office spaces accommodating teams of 2-700+ employees, along with meeting rooms, conference facilities, event spaces, and virtual office services. The platform operates on a unified managed office model where it customizes and manages commercial properties, providing businesses with flexible, cost-effective workspace solutions without long-term lease commitments. Additional offerings include a Women's Dedicated Area (WDA) for female entrepreneurs, networking events, administrative support services, and referral programs. The company went public with an IPO in October 2023.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 150% business growth reported by customer (Viren Harsora, No Limits Music)
- +3 more outcomes
Companies that use Kontor Space
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles5 records
Kontor Space technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Kontor Space partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Member Referrers (Brokers and Affiliates)minorReferral partner network including individual brokers and business affiliates who earn 10% commission on referred members' monthly fees for up to 12 months. Points valid 6 months with benefits including billing discounts and discounted services.
Scale indicators10 records
Recent moves9 records
Expansion highlights5 records
Kontor Space competitors and assessment
Company assessmentEmerging players
- The Office Pass (TOP): India-focused coworking and managed office operator with presence in Mumbai, Pune, Bengaluru, and other metros. Emerging direct competitor targeting similar SMB and enterprise segments with comparable hybrid offerings.
- Workafella: Premium coworking and managed office brand with locations in Mumbai, Hyderabad, Chennai, and other metros. Comparable product offering across coworking and managed office services, competing particularly for mid-to-large enterprise clients.
Direct peers
- CoWrks: Premium coworking operator (backed by RMZ and subsequently by Bharti Enterprises) with multiple locations in Mumbai and other Indian metros. Directly comparable premium positioning and enterprise customer targeting.
- BHIVE Workspace: Bengaluru-based coworking and managed office operator that has expanded into Mumbai. Direct competitor in the SME and startup segments with a similar hybrid coworking/managed office business model.
- WeWork India: Premium coworking operator with significant presence in Mumbai (BKC, Worli, Andheri) and Pune. Competes head-on with Kontor for enterprise and SMB coworking customers in the same Maharashtra commercial corridors Kontor serves.
- 91Springboard: Coworking operator with multiple Mumbai and Pune centers focused on startups, freelancers, and SMEs. Competes on similar community-driven value proposition and price-sensitive segments that anchor Kontor's customer base.
- IndiQube: Bangalore-headquartered managed office and coworking operator with pan-India footprint including Mumbai presence. Comparable managed office + coworking hybrid offering and similar SMB-to-enterprise customer mix.
- Smartworks: Enterprise-focused managed office provider serving large corporate clients in India including Mumbai. Comparable in the managed office / large private space segment where Kontor also pitches (50-700+ employee deals).
- Awfis Space Solutions: India's largest publicly listed coworking/managed office operator with 150+ centers across multiple cities including strong Mumbai and Pune presence. Directly comparable to Kontor across product portfolio, customer segments (freelancers to enterprises), and managed office model — but at materially greater scale and now capital-markets access.
Broad incumbents
- IWG (Regus, HQ, Spaces): Global flexible workspace giant operating multiple brands (Regus, HQ, Spaces) across India. While not specializing in Kontor's community-led model, IWG competes broadly in the same flexible workspace market with deeper capital and international brand recognition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Kontor Space social profiles
Digital presenceKontor Space financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kontor Space leadership team
Management profileNumber of profiles
Kontor Space funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kontor Space M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kontor Space
What does Kontor Space do?
Kontor Space rents and manages coworking and private office spaces across Maharashtra, India, offering flexible desks, dedicated desks, executive cabins, private team offices (2-700+ seats), meeting and conference rooms, event venues, and virtual office services. The company customizes and operates commercial properties on behalf of tenants, providing ancillary services such as reception, mail handling, call answering, and community events.
Is Kontor Space a public or private company?
Kontor Space is a public company. It is classified as public and is currently operating.
When was Kontor Space founded?
Kontor Space was founded in 2018. It employs 11 to 50 people.
Where is Kontor Space based?
Kontor Space is headquartered in Thane, India, in the Asia region.
How does Kontor Space make money?
Five revenue lines are on record. Coworking Memberships are the primary driver. The others are managed Private Offices, virtual Office Packages, event and Meeting Room Bookings and administrative Services.
Who are Kontor Space's main competitors?
Emerging players on record are The Office Pass (TOP) and Workafella. Direct peers are CoWrks, BHIVE Workspace, WeWork India, 91Springboard, IndiQube, Smartworks and Awfis Space Solutions. IWG (Regus, HQ, Spaces) is listed as a broad incumbent.
Does Kontor Space have an API?
No public API is recorded for Kontor Space.
What industry is Kontor Space in?
Kontor Space's product category is Coworking & Managed Office Spaces. Its primary akta.pro industry code is BPAJAGAA, Office Property Management, with a secondary code of HSACALAJ, Venue & Facility Reservations (Private Rooms, Event Spaces). Its NAICS code is 561210 and its SIC code is 6512.