Acquisition · Professional & Local Services

Table Space and Hillhouse acquire majority stake in KMC Solutions

By Startup Enthusiast · 16 September 2026

What they do

Table Space provides managed office spaces across 9 Indian cities

It and Hillhouse's Rava Partners bought a majority stake in Philippines-based KMC Solutions

The combined platform now manages about 13 million sq ft across India and the Philippines

Table Space and Hillhouse's Rava Partners acquired a majority stake in Philippines-based KMC Solutions.
The deal value and exact stake percentage were not disclosed.
Table Space's effective economic interest is 24.9% for up to $31 million (~₹291.25 crore).
Table Space entered a subscription and shareholders' deed on 3 April 2026 for the acquisition.
KMC founders retain a significant interest, and KMC continues under its existing brand and management.
The combined platform now manages about 13 million sq ft across India and the Philippines.
Partners plan to cross-sell services, broaden customer bases, and share technology and operational capabilities.
Table Space filed its draft IPO papers with SEBI in August 2026 for a fresh issue of ₹800 crore plus an OFS.

India and the Philippines are top destinations for global capability centres (GCCs) and business-services operations.
The acquisition gives Table Space a foothold in the Philippines, a key market for GCCs.
KMC gets access to Table Space and Hillhouse regional networks and capital for expansion.
The deal comes as Table Space prepares for its IPO, signalling growth ambitions.

Table Space provides managed office solutions, custom-built offices, ready-to-move-in suites, and enterprise services.
It operates through its design and build platform DESYN.
As of 31 March 2026, Table Space had 11.46 million sq ft of leasable area across 33 office clusters in 8 Tier-1 Indian cities.
Its leased area stood at 9.33 million sq ft as of the same date.
Table Space has a presence in 9 Indian cities including Bengaluru, Pune, Hyderabad, Mumbai, Noida, Chennai, Gurugram, New Delhi, and Bhubaneswar.
Clients include PACCAR and Wood Mackenzie.
It partnered with CleanMax for a 2.7 MWp group captive solar project in Karnataka.
KMC Solutions provides managed workspace and HR solutions such as employer-of-record, payroll, compliance, and IT support in the Philippines.
KMC was founded in 2010 and operates 30+ offices across major Philippine business districts.

Partners plan to cross-sell services, broaden customer bases, and share technology and operational capabilities.
KMC gets access to Table Space and Hillhouse regional networks and capital for expansion.
Table Space filed draft IPO papers with SEBI in August 2026 for a fresh issue of ₹800 crore plus an OFS.

Hillhouse (Rava Partners) (co-acquirer) — Rava Partners is Hillhouse Investment's real-assets arm, which has invested ~$4 billion equity in 20+ APAC real-estate companies since 2020.
Siddhartha Gupta (partner) — Founder of Alta Capital and Partner at Hillhouse.