IPO-Bound Table Space Appoints Ashwin Chandrasekar as CITO
Table Space has named Ashwin Chandrasekar its chief information & technology officer as it prepares for an IPO.
Intelligence analysis by GPT-5.4 Mini
Table Space is adding senior tech leadership ahead of its planned public listing. Ashwin Chandrasekar, who previously led technology at Third Wave Coffee, will focus on efficiency, controls, analytics, and workplace tech experience.
Table Space is getting a new tech leader before it tries to sell shares to the public. It is like a school hiring a stronger coach before a big tournament so the team runs better, uses its data smarter, and looks more ready.
Analysis
Leadership push before listing
Table Space, a managed workspace provider, has appointed Ashwin Chandrasekar as its chief information & technology officer (CITO) ahead of its planned IPO. Chandrasekar brings more than two decades of experience across technology, digital transformation, AI, and product engineering. Before joining Table Space, he was CTO at Third Wave Coffee.
In a LinkedIn post, Chandrasekar said his focus will be on improving operational efficiency, strengthening control, scaling business processes, and supporting sharper decisions through business analytics and enterprise data strategy. He also said he wants to improve the end-user technology layer so workplace experiences feel smoother and more intuitive.
IPO context
The appointment comes as Table Space continues to advance its listing plans. Inc42 has previously reported that the company’s board approved a pre-IPO private placement of ₹200 Cr in January, and that filings suggested this could represent 20% of the fresh issue component, implying a fresh issue of around ₹1,000 Cr. The proposed IPO is also expected to include an offer-for-sale component.
The company’s board and shareholders approved the public listing proposal in July 2025. Inc42 first reported the IPO plan in August 2025, shortly after Table Space became a public entity. Even so, the exact size and timing of the IPO are still not clear.
Table Space has also seen leadership changes after founder Amit Banerji died in January 2025. Cofounders Karan Chopra and Kunal Mehra were appointed co-CEOs, and in September 2025 both were named whole-time directors, with Chopra also becoming chairman.
Financially, the company reported a net loss of ₹1,561 Cr in FY25, compared with a profit of ₹11 Cr in the previous year, which it said was largely due to a one-time accounting adjustment related to CCPS. Operating revenue rose 51% year-on-year to ₹1,360 Cr, while expenses increased 61% to ₹735 Cr.
Key points
- Table Space appointed Ashwin Chandrasekar as chief information & technology officer ahead of its planned IPO.
- Chandrasekar previously served as CTO of Third Wave Coffee and has over two decades of experience in tech and digital transformation.
- He said he will focus on efficiency, controls, business analytics, enterprise data strategy, and better workplace technology.
- The company has been advancing its IPO plans, but the exact size and timeline are still unclear.
- Table Space reported a FY25 net loss of ₹1,561 Cr, even as operating revenue rose 51% to ₹1,360 Cr.
If the new CITO helps Table Space improve operations and data-driven decision-making, the company could look stronger ahead of its IPO. Better workplace technology could also support a smoother experience for customers across its office network.
The IPO still has uncertainty around timing and final size, so the leadership change may not be enough to remove execution risk. The FY25 loss also shows that scaling the business has come with sharp costs, which could weigh on investor sentiment.
