Kontor Space Ltd - Stock Valuation and Financial Performance

The company was incorporated as ‘Kontor Space Private Limited’ on January 17, 2018 as a Private Limited Company under the Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra. Pursuant to a special resolution passed by its shareholders in the Extra-Ordinary General Meeting held on June 27, 2023, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Kontor Space Limited’, and a fresh certificate of incorporation dated July 19, 2023 was issued to its Company by the Registrar of Companies, Mumbai, Maharashtra.  

The company provide “space-as-a-service” by renting and managing commercial spaces. With its technological expertise, it aims to foster a culture of collaboration and productivity by offering flexibility, convenience, and astounding quality at a significantly competitive price to its clients ranging from small-scale startups to large conglomerates. Being the trademark owners of ‘Kontor’, it has established a significant brand image and positioning in the co-working industry which has given it the opportunity to aggressively expand into newer markets by acquiring and managing more spaces in addition to its existing 4 in Thane, Pune, Fort and BKC (Mumbai).

The company purchases the property and / or take properties on rent, to sub-rent/sub-lease the same to single or multiple clients for their workspace requirements with or without furnishing the same as per their needs on per-seat basis. It further, invest in fit outs to customize the property to suit its business model and renovate, modernize the properties according to the working needs in terms of business requirements such as furniture, work-desks, open work area, cabins, meeting rooms, conference rooms, cafeteria, play area, reception, lockers, de-stress zones etc., and equip the same with peripherals like printers, scanners, attendance devices, telephones, hi-speed internet, airconditioners, water-coolers, smoking-zones, and other facilities.

Business area of the company

The company is engaged in procuring and providing Co- working spaces for professional, fostering an collaborative work environment presently in the state of Maharashtra.

Major Events/ Milestones

• 2018: Incorporation of the Company as Private Limited Company.
• 2018: Company started its First Co-working Centre at Ashar IT Park, Thane which is a prominent hub for Corporate with 730 Seats.
• 2020: Change of registered office from Mumbai region to Thane region for Administrative Convenience.
• 2022: Transfer of the Ownership of the Company pursuant to Share Purchase Agreement dated April 04, 2022 from Ms. Princy Goyal to Mr. Kanak Mangal.
• 2022: In line with the growth strategy new center was started at Wanowaire, Pune with 300 Seats.
• 2023: Company started its new center at Fort, Mumbai with seating space with 60 seats. $
• 2023: Conversion of the Company from Private Limited to Public Limited Company.
• 2023: Entered into agreement for new center at BKC, Mumbai with 120 seats.