MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-HR-05-0039266
Incuspaze Solutions Private Limited - financial services in Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹146.77 Cr
▲ 55% YoY
Net loss · FY 2025
₹3.3 Cr
Net margin -2.2%
EBITDA · FY 2025
₹6.5 Cr
EBITDA margin 4.4%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹3.59 Cr
Issued & subscribed
Open charges
₹76.52 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
89
Provident fund records
About Incuspaze Solutions Private Limited
Data last updated:
Incuspaze Solutions Private Limited is a private limited company based in Haryana, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 16 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2016PTC065788. Its GSTIN is 06AAECI2591P2Z2 (Haryana). The company holds 18 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹3.59 Cr. It is led by directors including Sanjay Chatrath and Om Prakash Choudhary.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at G F Plot No. 13, Sector – 18 Udyog Vihar Phase 4, Haryana, India – 122015.
As per the financials filed for FY 2025, the company reported a revenue of ₹146.77 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net loss of ₹3.3 Cr (net margin -2.2%) and EBITDA of ₹6.5 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 59% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Incuspaze. As per MCA filings, the company has open charges of ₹76.52 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 4 cases are pending. The company has 11 deals on record (5 rights issues, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹190.93 Cr; the latest was in June 2026. Its 10 peer companies in the BFSI industry (Real Estate Leasing) are compared by revenue, 5 larger and 5 smaller; the largest is Kamal Auto Industries Coach Works Pvt Ltd (Part-Ix) with revenue of ₹159.42 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 707 overdue payments to 67 micro and small suppliers.
Incuspaze Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-HR-05-0039266). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website incuspaze.com.
Company Details of Incuspaze Solutions Private Limited
CIN U74999HR2016PTC065788
Registration Number 065788
Incorporation Date 16 September 2016
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-HR-05-0039266
Recognitions & Rankings of Incuspaze Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressG F Plot No. 13, Sector – 18 Udyog Vihar Phase 4, Haryana, India – 122015
- IndustryFinancial Services, Real Estate Financing
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Associated Brands with Incuspaze Solutions Private Limited
Incuspaze Solutions operates one associated brand: Incuspaze. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Managed, coworking, traditional, and enterprise office spaces are provided. | incuspaze.com |
Business Activity of Incuspaze Solutions Private Limited
The main business activity of Incuspaze Solutions is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Incuspaze Solutions Private Limited FY 2025 filings available
Incuspaze Solutions Private Limited reported revenue of ₹146.77 Cr (up 55% YoY) for FY 2025.
Revenue · FY 2025
₹146.77 Cr ▲ 55%
Net loss · FY 2025
₹3.3 Cr margin -2.2%
EBITDA · FY 2025
₹6.5 Cr margin 4.4%
Compounded Annual Growth Rate (CAGR) of Incuspaze Solutions Private Limited
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 101%
5 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▲ 111%
3 years · compounded
▲ 58%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years, including 55% growth in the latest year. EBITDA rose 111% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Incuspaze Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.3 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Incuspaze Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Incuspaze Solutions are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Incuspaze Solutions Private Limited
Incuspaze Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Chatrath Also directs: Incubitez Solutions Private Limited, Spaze Proptech Private Limited, Trios Coworking Private Limited and 1 more | Director | 23 Apr 2021 | 5 Years 5 Months | Current |
| Om Prakash Choudhary Also directs: Spaze Proptech Private Limited | Director | 16 Sep 2016 | 10 Years 1 Months | Current |
| Sanjay Choudhary Also directs: Sagenome Private Limited, Incubitez Solutions Private Limited, Spaze Proptech Private Limited and 4 more | Director | 16 Sep 2016 | 10 Years 1 Months | Current |
Peer Comparison of Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Real Estate Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kamal Auto Industries Coach Works Pvt Ltd (Part-Ix) | ₹159.42 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Kota, Rajasthan, India |
| Skootr Global Private Limited | ₹158.23 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| Keshav Concast Private Limited | ₹155.15 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| Delhi Guest Houses Pvt Ltd | ₹154.29 Cr (FY 2025) | •••• | •••• | 5479.0% | •••• | Delhi, India |
| Blue Horizon Hotels Private Limited | ₹151.59 Cr (FY 2024) | •••• | •••• | 85.0% | •••• | Bangalore, Karnataka, India |
| Incuspaze Solutions Private Limited this company | ₹146.77 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Haryana, India |
| Astute Consulting Private Limited | ₹145.02 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Work Easy Space Solutions Private Limited | ₹145.02 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Chennai, Tamil Nadu, India |
| S T G Softek Private Limited | ₹143.78 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Delhi, India |
| Travel Food Works Private Limited | ₹139.7 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| P.P.Kharpatil Constructions Private Limited | ₹138.67 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Raigad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Incuspaze Solutions by revenue in the BFSI industry (Real Estate Leasing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited is audited by A D M S & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A D M S & CO. | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Incuspaze Solutions Private Limited
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Charges & Borrowings of Incuspaze Solutions Private Limited
Open charges
₹76.52 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2025 | Others | ₹10 Cr | Open |
| 29 Sep 2025 | Others | ₹12.5 Cr | Open |
| 24 Mar 2025 | Others | ₹15 Cr | Open |
| 24 Jan 2025 | Others | ₹11.88 Cr | Open |
| 22 Jan 2025 | Others | ₹1.14 Cr | Open |
Total charge records: 8 View all charges
Deals & Funding of Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited has 11 deals on record (5 rights issues, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹190.93 Cr; the latest was in June 2026.
Total deals
11
Rights issues
5
Funding rounds
3
Convertible or debt financing
1
Secondary share transfer
1
Disclosed funding
₹190.93 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Funding round | ₹150 Cr | Investors: Bharat Value Fund, Other Financial Institutions |
| Jul 2024 | Funding round | ₹35 Cr | Investors: India Inflection Opportunity Fund |
| Jun 2024 | Funding round | ₹92.6 Lakh | Investors: an individual |
| Mar 2022 | Rights issue | ₹2.07 Cr | Investors: 2 individuals |
| Feb 2022 | Rights issue | ₹1.15 Cr | Investors: 3 individuals |
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Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited has 4 court cases on record: 3 filed by Incuspaze Solutions, 1 filed against it. All cases are pending. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 4 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Civil suit | Filed against the company by SM the Green Private Limited | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Sutrulla Xpress Private Limited (OPC) | Pending |
| District court, Gurugram, Haryana | Court case (COMI) | Filed by the company against an individual | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
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Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 707 overdue payments to 67 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 67)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Sams Facilities Management Private Limited | •••• | •••• | •••• |
| Hse Integro Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 16 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited has a workforce of 89 employees as of Mar 21, 2024.
Employee count
89
Active EPFO establishments
1
Employee growth
61.82%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Incuspaze Solutions Private Limited
Incuspaze Solutions Private Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Sanjay Chatrath ceased to be Additional Director on 30 Nov 2021.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101179106 was registered on 31 Oct 2025.
Charges
A charge with Others amounted to Rs. 12.50 Cr with Charge ID 101169795 was registered on 29 Sep 2025.
AGM
Incuspaze Solutions Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Incuspaze Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101075554 was registered on 24 Mar 2025.
Charges
A charge with Others of Rs. 11.88 Cr registered on 24 Jan 2025 with Charge ID 101036814 was modified on 29 Jan 2025.
Charges
A charge with Others amounted to Rs. 11.88 Cr with Charge ID 101036814 was registered on 24 Jan 2025.
Charges
A charge with Others amounted to Rs. 1.14 Cr with Charge ID 101076145 was registered on 22 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 100966138 was registered on 06 Aug 2024.
Charges
A charge with Others of Rs. 4.00 Cr registered on 26 Feb 2024 with Charge ID 100877109 was modified on 10 May 2024.
Charges
A charge with Others of Rs. 10.00 Cr registered on 21 Jul 2023 with Charge ID 100773616 was modified on 06 May 2024.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100877109 was registered on 26 Feb 2024.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Incuspaze Solutions Private Limited
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Subsidiaries & Group Companies of Incuspaze Solutions Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Incuspaze Solutions Private Limited
Incuspaze Solutions has 18 GST registrations: 15 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
18
Active
15
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECI2591P2Z2 | Haryana | Active | 01 Aug 2017 |
| 06AAECI2591P3Z1 | Haryana | Active | 28 Aug 2024 |
| 09AAECI2591P2ZW | Uttar Pradesh | Active | 09 Aug 2017 |
| 23AAECI2591P2Z6 | Madhya Pradesh | Active | 09 Aug 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Incuspaze Solutions Private Limited
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Related news about Incuspaze Solutions Private Limited
Frequently Asked Questions about Incuspaze Solutions Private Limited
Incuspaze Solutions is an active private limited company based in Haryana, India. The company works in real estate financing, within the financial services industry. It was incorporated on 16 September 2016 (10+ years old) and is registered under CIN U74999HR2016PTC065788.
Incuspaze Solutions reported revenue of ₹146.77 Cr for FY 2025 (up 55% YoY).
Incuspaze Solutions has 3 current directors:
- Sanjay Chatrath - Director
- Om Prakash Choudhary - Director
- Sanjay Choudhary - Director
Incuspaze Solutions reported a net loss of ₹3.3 Cr (net margin -2.2%) and EBITDA of ₹6.5 Cr (EBITDA margin 4.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Incuspaze Solutions is 101% over three years and 59% over five years. In the latest year (FY 2025) revenue rose 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Incuspaze Solutions is 06AAECI2591P2Z2, registered in Haryana. The company has 18 GST registrations in all, of which 15 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAECI2591P3Z1 (Haryana), 09AAECI2591P2ZW (Uttar Pradesh), 23AAECI2591P2Z6 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Incuspaze Solutions is U74999HR2016PTC065788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incuspaze Solutions has 4 court cases on record: 3 filed by the company and 1 filed against it. 4 are pending.
Incuspaze Solutions was incorporated on 16 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Incuspaze Solutions has 11 deals on record (5 rights issues, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹190.93 Cr; the latest was in June 2026.
The peers of Incuspaze Solutions by revenue are Kamal Auto Industries Coach Works Pvt Ltd (Part-Ix), Skootr Global Private Limited, Keshav Concast Private Limited, Delhi Guest Houses Pvt Ltd, Blue Horizon Hotels Private Limited and 5 more, all in the BFSI industry (Real Estate Leasing).
Sanjay Chatrath ceased to be Additional Director on 30 Nov 2021. Sanjay Chatrath was appointed as Director on 23 Apr 2021. Om Prakash Choudhary was appointed as Director on 16 Sep 2016. Incuspaze Solutions has 4 board changes on record in total.