Commercials · 01
Account basis
Everything below is derived from the Table Space DRHP, published pricing and public reporting. Derived figures are marked as such. Figures held only by Table Space are listed on the required inputs page rather than estimated silently.
₹2,262 Cr
FY26 operating revenue, up 66.3 percent
92.64%
Occupancy at mature facilities, highest among benchmarked operators
176
Facilities, 11.42 Mn sq ft total, 9.33 Mn sq ft leased
425+
Enterprise clients, top ten at 35.6 percent of revenue
The number that shapes everything below
Mature centres are effectively full
At 92.64 percent there is almost no headroom left in the mature estate. Any proposal claiming to raise occupancy across the whole portfolio is misreading the disclosure.
So the value has to come from somewhere else: filling ramping centres faster, closing the yield gap in centres that stabilised below their comparable, and holding and growing the book in centres that are already full. Three different jobs, three different sets of tools.
Triangulation
- Revenue per sq ft per month, derived
- ₹246
- At 90 sq ft per seat
- ₹22,176
- Published seat range
- ₹10k to ₹25k
Derived on occupied leased area, not total portfolio. Lands in the upper half of the published band, consistent with an enterprise Grade A book.
Public record
| Figure | Value | Where it comes from | What it is used for here |
|---|---|---|---|
| Operating revenue FY26 | ₹2,262.3 Cr | DRHP, August 2026 | Base for revenue per sq ft, and the credibility band |
| Normalised EBITDA | ₹453.8 Cr | DRHP | Second credibility test on the claimed value |
| Facility operating margin | 33.24% | DRHP | Converts revenue gains to profit contribution |
| Occupancy, mature facilities | 92.64% | CBRE report cited in DRHP | Caps the fill opportunity, defines the mature cohort |
| Leased area | 9.33 Mn sq ft of 11.42 Mn | DRHP | Denominator for revenue per sq ft |
| Managed office pricing | ₹10,000 to ₹25,000 per seat | Table Space website | Cross-check on the derived rate |
| Delivery promise | Approximately 90 days | Table Space website | Sets the realistic ceiling on lease-up timing claims |
| Whitefield acquisition | ₹500 Cr for about 550,000 sq ft | Public reporting, 2024 | Capital at stake per site decision |
| Fit-out benchmark | Around ₹6,567 per sq ft, Mumbai | Cushman and Wakefield fit-out guide | Capital at stake per leased centre |
Contract term, renewal rate, enquiry volume, blended occupancy and centre-level yield are not in the public record. They are listed on the required inputs page, and each one moves a number in the value model.
Findings from the demonstration call, 2 September 2026
No CRM in place
HubSpot is being onboarded now. Every module reads from HubSpot rather than replacing it, and writes nothing back until write access is enabled.
Lead response is manual
Distribution runs on email and the SLA slips. This is the clearest point at which a voice layer changes an outcome already being measured.
Ozone Tel is the telephony
The voice layer sits alongside it. No rip and replace, no number migration in the first phase.