Bengaluru, February 19, 2025: UrbanVault, one of India’s fastest-growing new-age managed and flexible workspace providers, has announced the appointment of Ashish Ambast as its Chief Technology Officer (CTO), marking a significant step in the company’s technology-led growth journey.
With over 15 years of global technology experience and a proven track record in building scalable, high-performance systems, Ashish will spearhead UrbanVault’s next phase of innovation and digital transformation.
An alumnus of IIT Guwahati, Ashish has previously held key technology roles at global giants such as Yahoo and Microsoft, where he contributed to developing robust and scalable technology platforms. His deep expertise in backend architecture, system scalability, and product development will play a crucial role in strengthening UrbanVault’s technology infrastructure as the company continues to expand rapidly across India.
The appointment underscores UrbanVault’s commitment to building a strong in-house technology ecosystem designed to drive operational excellence, enhance customer experience, and deliver differentiated products within the managed workspace segment. Over the past year, UrbanVault has already rolled out several proprietary technology solutions, including an in-house Visitor Management System (VMS), a custom-built Customer Review and Feedback System, and multiple internal tools aimed at streamlining workspace operations and improving efficiency across locations.
With Ashish at the helm of technology, UrbanVault plans to accelerate the development of its backend infrastructure and launch multiple in-house technology products tailored specifically for the managed workspace ecosystem. The company’s technology roadmap will focus on strengthening backend systems across all centers, building data-driven decision-making tools, enabling seamless tenant experience platforms, automating operational workflows, and creating scalable product infrastructure to support its aggressive expansion plans.
Commenting on the appointment, Mr. Amal Mishra, Founder & CEO, UrbanVault, said:
“I have known Ashish for the last 15 years—not only as a technologist with exceptional depth, but also as a trusted friend and a strong builder. His journey from IIT Guwahati to companies like Yahoo and Microsoft reflects both world-class engineering exposure and a consistent ability to execute at scale.
With Ashish joining as CTO, our focus on building UrbanVault’s technology in-house has become even sharper. We strongly believe the future of managed workspaces will be driven by intelligent systems, seamless experiences, and strong backend platforms.”
UrbanVault’s continued investment in technology reflects its broader vision of redefining managed workspaces through innovation, efficiency, and scalable digital infrastructure, positioning the company at the forefront of India’s rapidly evolving flexible office sector.
Over the years, UrbanVault has expanded its national portfolio to over 2.80 million sq. ft., managing 70,000+ seats across 80+ locations in Bengaluru, Pune, Gurugram, Mumbai, and other major cities. The company continues to demonstrate strong performance, with an expected turnover of over ₹200 crore in FY2025-26, 70%+ year-on-year growth, and 18% PAT.
ABOUT URBAN VAULT
Founded in 2018, UrbanVault is a bootstrapped managed office space provider headquartered in Bengaluru, achieving impressive growth and profitability without external funding. The company recorded a ₹120 crore turnover in FY 2024–25, with 18% profit after tax and consistent year-on-year growth, reflecting strong financial discipline and sustainable business practices.
UrbanVault’s decision to self-fund its expansion has enabled it to maintain full control over operations and strategic direction. Since inception, the company has grown from a modest 40 seats to more than 70,000 seats across its network. Spanning over 2.80 million square feet across multiple cities, UrbanVault’s portfolio demonstrates its commitment to delivering value-driven, high-quality workspace solutions for a diverse set of enterprises.
