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). The move marks a pivotal milestone in the company’s technology-driven growth strategy.
With over 15 years of global technology experience and a strong track record of building scalable, high-performance systems, Ashish will lead UrbanVault’s next phase of innovation and digital transformation.
A Global Tech Leader with Strong Engineering Roots
An alumnus of IIT Guwahati, Ashish has held key technology roles at global technology giants such as Yahoo and Microsoft. During his tenure, he contributed to building robust and scalable technology platforms.
His expertise in backend architecture, system scalability, and product development will be instrumental in strengthening UrbanVault’s technology infrastructure as the company continues its rapid expansion across India.
Strengthening In-House Technology Ecosystem
Ashish’s appointment reinforces UrbanVault’s commitment to building a strong in-house technology ecosystem focused on operational excellence, enhanced customer experience, and differentiated product offerings within the managed workspace sector.
Over the past year, UrbanVault has introduced several proprietary solutions, including:
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An in-house Visitor Management System (VMS)
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A custom-built Customer Review and Feedback System
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Multiple internal tools designed to streamline workspace operations and improve efficiency across centers
With Ashish at the helm, the company plans to accelerate backend infrastructure development and roll out multiple in-house technology products tailored specifically for the managed workspace ecosystem.
Technology Roadmap for Scalable Growth
UrbanVault’s forward-looking technology roadmap will focus on:
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Strengthening backend systems across all centers
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Building data-driven decision-making tools
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Enabling seamless tenant experience platforms
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Automating operational workflows
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Creating scalable product infrastructure to support aggressive expansion plans
Leadership Perspective
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 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.”
Scaling India’s Flexible Workspace Ecosystem
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 projects a turnover exceeding ₹200 crore in FY2025–26, supported by 70%+ year-on-year growth and 18% PAT.
About UrbanVault
Founded in 2018 and headquartered in Bengaluru, UrbanVault is a bootstrapped managed office space provider that has achieved 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.
By self-funding its expansion, UrbanVault has maintained full control over operations and strategic direction. Since inception, the company has grown from a modest 40 seats to over 70,000 seats across its network, spanning more than 2.80 million square feet across multiple cities—delivering value-driven, high-quality workspace solutions to a diverse range of enterprises.
