IPO-Bound Table Space Appoints Ashwin Chandrasekar As CITO

Managed workspace provider Table Space today announced the appointment of Ashwin Chandrasekar as its chief information & technology officer (CITO) ahead of its planned initial public offering (IPO).

Chandrasekar brings over two decades of experience across technology, digital transformation, artificial intelligence (AI), and product engineering to Table Space’s top deck. Prior to his new role, he served as CTO of Third Wave Coffee. 

In a post on LinkedIn, Chandrasekar said that he will be focusing on improving Table Space’s operational efficiency, strengthen control, scale business processes, and drive sharper decision-making through business analytics and enterprise data strategy.

“Additionally, a significant part of my focus will also be on end-user technology: making everyday workplace experiences smoother, more seamless, and more intuitive — from access to workflows to the digital touchpoints employees interact with every day,” he added.

The appointment comes as Table Space advances its IPO plans.

In February, Inc42 reported that the company’s board had approved a pre-IPO private placement of ₹200 Cr during an extraordinary general meeting (EGM) held in January. 

According to MCA filings, the proposed fundraise would account for 20% of the fresh issue component, implying a fresh issue size of around ₹1,000 Cr.

The IPO is also expected to include an offer-for-sale (OFS) component. Table Space’s board and shareholders approved the public listing proposal in July 2025.

Inc42 first reported the company’s IPO plans in August 2025, shortly after it converted into a public entity. 

However, it is important to highlight that the company is yet to share information on the exact size and timeline of the proposed IPO remain uncertain.

The managed workspace provider has been exploring a public listing since October 2024, when reports suggested it was targeting a DRHP filing soon. However, the company’s IPO bid is yet to fructify.

Table Space has undergone key leadership changes ahead of its planned IPO. After the unfortunate passing of founder Amit Banerji in January 2025, cofounders Karan Chopra and Kunal Mehra were appointed co-CEOs. 

In September 2025, both were named whole-time directors, while Chopra was also appointed chairman.

Founded in 2017, Table Space portfolio comprises over 1.10 Cr sq ft of custom-built managed workspaces and ready-to-move-in Suites, serving over 425 clients served till date. 

Operating with 80+ centers across eight major Indian cities, Table Space claims to deliver high-performance office environments through an enterprise workspace-as-a-service (WaaS) model – enabling enterprises to access flexible, scalable workspace solutions on their terms.

On the financial front, Table Space reported a net loss of ₹1,561 Cr in FY25, compared to a profit of ₹11 Cr a year earlier, largely due to a one-time accounting adjustment related to CCPS. Operating revenue rose 51% year-on-year to ₹1,360 Cr, while its expenses zoomed 61% to ₹735 Cr.

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