When Ashish Agarwal subleased a few empty desks in his Bengaluru office in 2014, he couldn’t have known he was starting something that would become a ₹100 crore coworking empire. Over the next ten years, his company Enzyme Office Spaces grew steadily without any outside investment, trendy design, or rapid expansion tactics. Today, with 32 locations across India and over 1.55 million square feet under management, Enzyme shows what’s possible when you build with trust, purpose, and a strong focus on customers.
In 2014, entrepreneur Ashish Agarwal moved to Bengaluru to handle his family’s spice business. He needed space for just a few employees, so he rented a 21-seat office. The extra empty desks were sublet, and that small decision led to a big opportunity. Soon, with the support of his landlord, Ashish took on more space. Without outside funding or big plans, Enzyme was born.
Solving Real Problems for Real People
At a time when coworking spaces were all about beer taps and beanbags, Enzyme took a different approach. The company focused on a less talked-about group: small startup teams and early-stage founders looking for functional, affordable office spaces in convenient areas.
No chasing of trends, just practical, comfortable, and customer-focused spaces that helped businesses grow.
Steady Growth, No Outside Funding
Starting from converted villas and expanding slowly into commercial buildings of 75,000 to 100,000 square feet, Enzyme grew naturally. Now, it operates 32 centres in cities like Bengaluru, Delhi-NCR, Hyderabad, and Mumbai, managing over 1.55 million square feet of coworking space. Despite being a capital-intensive industry, Enzyme has remained 100% self-funded, a rare move in the coworking sector.
Trust, Speed & Service at the Core
Enzyme’s strength isn’t in design, but in how quickly it handles problems.
The company solves 99% of client issues within 24 hours, leading to high retention and word-of-mouth referrals. A great example is Vyapar, a client that grew from 140 seats to over 3,000, bringing in six more clients along the way. Ashish gives credit to the team’s dedication to daily operations and customer relationships.
Designed for Today’s Hybrid Work Culture
In response to the post-pandemic shift, Enzyme updated its model to match hybrid work preferences. The space includes flexible layouts, well-ventilated areas, AI-based planning tools, and smooth digital support systems. The goal is simple: make the office worth commuting to.
Tier 2 Growth & IPO Insight
Now, Enzyme is looking to expand into cities like Pune, Indore, and Ahmedabad carefully and strategically. Ashish is also preparing for a possible IPO by 2028, aiming to position Enzyme as one of India’s top trusted coworking brands.
TheFlexinsights Takeaway
Start small, grow smart: Enzyme didn’t rush; it grew with intention.
Service beats aesthetics: Trustworthy service turned users into loyal customers.
Bootstrapping works: Not every ₹100 crore company needs investor money.
“We didn’t chase trends. We built relationships and those built our business,” – says Ashish Agarwal.
With its customer-first approach and careful expansion, Enzyme shows that true success often happens behind the scenes quietly, sustainably, and built on trust.
