About Indiabulls Enterprises Limited
Data last updated:
Indiabulls Enterprises Limited was a public limited company based in Gurgaon, Haryana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate financing segment of the financial services sector. It was incorporated on 02 January 2019.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN L71290HR2019PLC077579. Its GSTIN is 06AAFCI1200E1ZD (Haryana). The company held 17 GST registrations, all of them active. Its shares are listed on BSE: 543715.
The company had an authorised share capital of ₹70 Cr and a paid-up capital of ₹39.67 Cr. It was led by directors including Riyaz Javed Khan (Whole-Time Director) and Shamsher Singh Ahlawat.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 5th Floor Plot No. 108 IT Park Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.76 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹25.24 Cr (net margin -43%) and EBITDA of -₹1.09 Cr (EBITDA margin -1.9%).
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 3 subsidiaries.
The company was associated with 2 brands: Indiabulls LED and Indiabulls Enterprises. As per MCA filings, the company had open charges of ₹2.56 Cr and satisfied charges of ₹236.52 Cr on record. Court records list 36 cases involving the company, including 30 filed by the company and 5 filed against it; 16 cases are pending. The company has 8 deals on record (6 market trades, 1 rights issue, 1 funding round), with disclosed funding of ₹238 Cr; the latest was in June 2025. Its 10 peer companies in the BFSI industry (Formulations, Machinery and Equipment Leasing, Other Financial Services) are compared by revenue, 5 larger and 5 smaller; the largest is Shriram Financial Products Solutions (Chennai) Private Limited with revenue of ₹58.89 Cr. The company has 7 MSME Form 1 returns on record between 2023 and 2024, listing 732 overdue payments to 97 micro and small suppliers.
The last known website on record is indiabullsenterprises.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address5th Floor Plot No. 108 IT Park Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016
- IndustryFinancial Services, Real Estate Financing, Diversified Financial Services, Equipment Leasing & Financing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Indiabulls Enterprises Limited
The main business activity of Indiabulls Enterprises is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indiabulls Enterprises Limited FY 2024 filings available
Indiabulls Enterprises Limited reported revenue of ₹58.76 Cr (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Indiabulls Enterprises Limited
Revenue fell 33% in the latest year. EBITDA fell 104% 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 Indiabulls Enterprises Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹1.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹25.24 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 Indiabulls Enterprises Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -43% | •••• | •••• | •••• | •••• |
| 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 Indiabulls Enterprises are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Indiabulls Enterprises Limited
Indiabulls Enterprises Limited is compared with the companies closest to it by revenue in the BFSI industry (Formulations, Machinery and Equipment Leasing, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shriram Financial Products Solutions (Chennai) Private Limited | ₹58.89 Cr (FY 2022) | •••• | •••• | 17.0% | •••• | Chennai, Tamil Nadu, India |
| 4 R Investments Private Limited | ₹58.89 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Hyderabad, Telangana, India |
| Chitturi Asset Holdings Private Limited | ₹58.86 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bengaluru, Karnataka, India |
| Harsh Impex Pvt Ltd | ₹58.81 Cr (FY 2025) | •••• | •••• | 416.0% | •••• | Kolkata, West Bengal, India |
| Bruck Pharma Private Limited | ₹58.81 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Indiabulls Enterprises Limited this company | ₹58.76 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Gurgaon, Haryana, India |
| Hindustan Antibiotics Limited | ₹58.57 Cr (FY 2020) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
| Solitaire Pharmacia Private Limited | ₹58.54 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chandigarh, India |
| Ocean Healthcare Private Limited | ₹58.49 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Egmore Nungambakkm, Tamil Nadu, India |
| Pavankumar Sanwaria Realty Private Limited | ₹58.46 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Jamnagar, Gujarat, India |
| JKM Makfin Pvt Ltd | ₹58.39 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Indiabulls Enterprises by revenue in the BFSI industry (Formulations, Machinery and Equipment Leasing, Other Financial Services), 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 Indiabulls Enterprises Limited
Indiabulls Enterprises Limited is audited by Agarwal Prakash & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Agarwal Prakash & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Indiabulls Enterprises Limited
Indiabulls Enterprises Limited currently reports 6 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shamsher Singh Ahlawat Also directs: Indiabulls Pharmacare Limited, Indiabulls Condominiums Limited | Director | 29 Aug 2022 | 4 Years 1 Months | As last reported |
| Prem Prakash Mirdha | Director | 29 Aug 2022 | 4 Years 1 Months | As last reported |
| Sargam Kataria Also directs: Indiabulls Asset Reconstruction Company Limited, Dhani Loans and Services Limited, Mackennas Minerals Private Limited and 5 more | Director | 29 Aug 2022 | 4 Years 1 Months | As last reported |
| Gurinder Singh | Director | 29 Aug 2022 | 4 Years 1 Months | As last reported |
| Supriya Bhatnagar | Director | 29 Aug 2022 | 4 Years 1 Months | As last reported |
| Riyaz Javed Khan | Whole-Time Director | 25 Jul 2025 | 1 Years 2 Months | As last reported |
Ownership and Shareholding of Indiabulls Enterprises Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indiabulls Enterprises Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Feb 2022 | Others | ₹65 Cr | Satisfied |
| 07 Feb 2022 | Others | ₹45 Cr | Satisfied |
| 08 Dec 2021 | Axis Bank Limited | ₹2.45 Cr | Satisfied |
| 10 Jun 2019 | Axis Bank Limited | ₹1.02 Cr | Satisfied |
| 26 Feb 2019 | Hdfc Bank Limited | ₹4.99 Cr | Satisfied |
Total charge records: 44 View all charges
Deals & Funding of Indiabulls Enterprises Limited
Indiabulls Enterprises Limited has 8 deals on record (6 market trades, 1 rights issue, 1 funding round), with disclosed funding of ₹238 Cr; the latest was in June 2025.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Market trade | ₹3 Cr | Buyer: Capri Global Ventures Private Limited Seller: an individual |
| Jul 2024 | Market trade | ₹4.64 Cr | Seller: Steadview Capital |
| Mar 2023 | Market trade | ₹92 Lakh | Seller: an individual |
| Sep 2022 | Funding round | ₹238 Cr | Investors: Indiabulls Limited |
| Jan 2019 | Rights issue | ₹5 Lakh | Investors: Indiabulls Limited |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indiabulls Enterprises Limited
Indiabulls Enterprises Limited has 36 court cases on record: 30 filed by Indiabulls Enterprises, 5 filed against it, 1 where it is another party. 16 cases are pending and 20 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 2 | 11 |
| High courts | 12 | 3 | 5 |
| NCLAT | 2 | 0 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Palihill Mercantile Company Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Siteman Infracon LLP | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Palihill Mercantile Company Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against HS Infracare Projects LLP | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against HS Infracare Projects LLP | Pending |
Full case history
All 36 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Indiabulls Enterprises Limited
Indiabulls Enterprises Limited has 7 MSME Form 1 returns on record between 2023 and 2024, listing 732 overdue payments to 97 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 97)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gyan Logistics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ng7 Security and Surveillance Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Indiabulls Enterprises Limited
Indiabulls Enterprises operates two associated brands: Indiabulls LED and Indiabulls Enterprises. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Indiabulls LED delivers comprehensive solutions for efficient lighting fixtures and control devices. | indiabullsled.com | |
| Diversified conglomerate engaged in infrastructure and construction equipment leasing, LED lighting, pharmaceuticals, and other industries | indiabullsenterprises.com |
Employees and EPFO Compliance at Indiabulls Enterprises Limited
Indiabulls Enterprises Limited has a workforce of 12 employees as of Apr 08, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Indiabulls Enterprises Limited
Indiabulls Enterprises has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Indiabulls Pharmacare Limited | U46909HR2019PLC077935 | Locked |
| Indiabulls Condominiums Limited | U68200HR2007PLC116169 | Locked |
| Indiabulls Rural Finance Private Limited | U74140MH1993PTC074596 | Locked |
Showing major subsidiaries. Total: 3.
CIN History of Indiabulls Enterprises Limited
Indiabulls Enterprises has one previous CIN (Corporate Identification Number): U71290HR2019PLC077579. The current CIN is L71290HR2019PLC077579, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L71290HR2019PLC077579 | Current |
| U71290HR2019PLC077579 | Previous |
News related to Indiabulls Enterprises Limited
Recent Activity on Indiabulls Enterprises Limited
Indiabulls Enterprises Limited has 19 board changes on record since 2019: 13 appointments and 6 cessations. The latest: Riyaz Javed Khan was appointed as Whole-Time Director on 25 Jul 2025.
98 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indiabulls Enterprises Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indiabulls Enterprises Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indiabulls Enterprises Limited
Indiabulls Enterprises has 17 GST registrations: 17 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCI1200E1ZD | Haryana | Active | 04 Aug 2022 |
| 07AAFCI1200E1ZB | Delhi | Active | 04 Aug 2022 |
| 08AAFCI1200E1Z9 | Rajasthan | Active | 04 Aug 2022 |
| 09AAFCI1200E1Z7 | Uttar Pradesh | Active | 04 Aug 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indiabulls Enterprises Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indiabulls Enterprises Limited
Indiabulls Enterprises has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Indiabulls Enterprises was a public limited company based in Gurgaon, Haryana, India. The company worked in real estate financing, within the financial services industry. It was incorporated on 02 January 2019 and is registered under CIN L71290HR2019PLC077579. Listed on BSE: 543715. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Indiabulls Enterprises was incorporated on 02 January 2019. It is registered with the Registrar of Companies, Delhi.
Indiabulls Enterprises had 7 directors and KMP:
- Riyaz Javed Khan - Whole-Time Director
- Shamsher Singh Ahlawat - Director
- Prem Prakash Mirdha - Director
- Sargam Kataria - Director
- Gurinder Singh - Director
- Supriya Bhatnagar - Director
- Saurabh Garg - Cfo
The CIN (Corporate Identification Number) of Indiabulls Enterprises is L71290HR2019PLC077579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indiabulls Enterprises is listed on BSE with code 543715.
The registered office of Indiabulls Enterprises is at 5th Floor Plot No. 108 IT Park Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016.
Indiabulls Enterprises can be reached through the website indiabullsenterprises.com. Its registered office is in Gurgaon, Haryana, India.
Indiabulls Enterprises reported revenue of ₹58.76 Cr for FY 2024 (down 33% YoY).
Indiabulls Enterprises has an authorised share capital of ₹70 Cr and a paid-up capital of ₹39.67 Cr.
Indiabulls Enterprises reported a net loss of ₹25.24 Cr (net margin -43%) and EBITDA of -₹1.09 Cr (EBITDA margin -1.9%) for FY 2024, as per its filed financial statements.
The GSTIN of Indiabulls Enterprises is 06AAFCI1200E1ZD, registered in Haryana. The company has 17 GST registrations in all, of which 17 are active. Other active GSTINs include 07AAFCI1200E1ZB (Delhi), 08AAFCI1200E1Z9 (Rajasthan), 09AAFCI1200E1Z7 (Uttar Pradesh).