About Equinox India Infraestate Limited
Data last updated:
Equinox India Infraestate Limited is a public limited company based in Delhi, India, a subsidiary of Indiabulls Real Estate Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70102DL2007PLC157384. Its GSTIN is 27AABCI6196D1ZI (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹22.74 Lakh. It is led by directors including Manish Riyal (Whole-Time Director) and Amitava Acharya.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No 202 2nd Floor A – 18 Rama House Middle Circle Connaught Place New Del, Hi – 110001, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹99.32 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹199.79 Cr (net margin -201.2%) and EBITDA of -₹196.07 Cr (EBITDA margin -197.4%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 41% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,370.25 Cr and satisfied charges of ₹3,087.04 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 3 cases are pending. The company has 7 deals on record (3 convertible or debt financings, 2 debt financings, 1 secondary share transfer), with disclosed funding of ₹3,580.39 Cr; the latest was in May 2024. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is Mextech Realty Private Limited with revenue of ₹100.71 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiabullsrealestate.com.
Company details
Contact details
Equinox India Infraestate Limited's registered office is in Delhi, Delhi. Its website is indiabullsrealestate.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No 202 2nd Floor A – 18 Rama House Middle Circle Connaught Place New Del, Hi – 110001, Delhi, India – 110001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Equinox India Infraestate Limited, buy the company report.
- 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
Business activity
The main business activity of Equinox India Infraestate is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Equinox India Infraestate Limited, buy the company report.
Financials of Equinox India Infraestate Limited
FY 2025 filings availableEquinox India Infraestate Limited reported revenue of ₹99.32 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 41%. EBITDA fell 116% 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
| 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 | -₹196.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹199.79 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -197.4% | ||||
| Net Profit Margin | -201.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Equinox India Infraestate Limited, buy the company report.
Board of directors of Equinox India Infraestate Limited
Equinox India Infraestate has 3 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitava Acharya Also directs: Apesh Properties Limited, Lucina Estate Limited, Nerissa Real Estate Limited and 5 more | Additional Director | 08 Oct 2025 | 1 Years 0 Months | Current |
| Manish Riyal Also directs: Mabon Constructions Limited, Varali Properties Limited, Devona Properties Limited and 5 more | Whole-Time Director | 23 Jan 2024 | 2 Years 9 Months | Current |
| Rajeev Prabhakar Pitkar Also directs: Ashkit Constructions Limited, Varali Constructions Limited, Citra Properties Limited and 5 more | Additional Director | 06 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Equinox India Infraestate Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mextech Realty Private Limited | ₹100.71 Cr (FY 2025) | 111.0% | Mumbai, Maharashtra, India | |||
| Equinox India Infraestate Limitedthis company | ₹99.32 Cr (FY 2025) | -₹199.79 Cr | -201.2% | 15.0% | 1 | Delhi, India |
| DLF Projects Limited. | ₹99.04 Cr (FY 2025) | -49.0% | Gurgaon, Haryana, India | |||
| Prakhhyat Land Developers Private Limited | ₹98.74 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Equinox India Infraestate Limited, buy the company report.
Auditor
Equinox India Infraestate Limited is audited by Agarwal Prakash & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agarwal Prakash & Co. | FY 2023 | 005975N |
Shareholding
The shareholding of Equinox India Infraestate Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Equinox India Infraestate Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2025 | 101175662 | Others | ₹650 Cr | Open | |
| 03 Sep 2025 | 101158012 | Others | ₹720 Cr | Open | |
| 22 Jun 2021 | 100467177 | Yes Bank Limited | ₹25 Lakh | Open | |
| 26 Sep 2023 | 100796979 | Idbi Trusteeship Services Limited | ₹57.7 Cr | Satisfied | |
| 08 Aug 2022 | 100633376 | Hdfc Bank Limited | ₹5 Lakh | Satisfied |
To see the full charge records of Equinox India Infraestate Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Equinox India Infraestate Limited has 7 deals on record (3 convertible or debt financings, 2 debt financings, 1 secondary share transfer), with disclosed funding of ₹3,580.39 Cr; the latest was in May 2024.
Deals on record (4 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Debt financing | ₹1,397.39 Cr | Investors: Embassy Developments Limited |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Embassy Developments Limited Seller: Little Fairy Educare Private Limited , IL&FS Investment Managers, IFIN Realty Trust |
| Nov 2012 | Funding round | ₹14.12 Cr | Investors: IL&FS Investment Managers, IFIN Realty Trust |
| Jan 2012 | Debt financing | ₹27 Cr | Investors: Embassy Developments Limited |
To see the full deal history of Equinox India Infraestate Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Equinox India Infraestate Limited has 11 court cases on record: 11 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 3 |
| High courts | 4 | 4 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Johnson Controls (India) Pvt Ltd. | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Bliss Habitat Pvt. Ltd. | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Mudra Online Technologies Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Equinox India Infraestate Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Equinox India Infraestate Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Equinox India Infraestate Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Equinox India Infraestate has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6196D1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Equinox India Infraestate Limited, buy the company report.
Recent activity
Equinox India Infraestate Limited has 32 board changes on record since 2008: 3 appointments and 29 cessations. The latest: Rajeev Prabhakar Pitkar was appointed as Additional Director on 06 Nov 2025.
53 earlier events are in the company report.
News
Frequently asked questions
Equinox India Infraestate is an active public limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 January 2007 (19+ years old) and is registered under CIN U70102DL2007PLC157384.
Equinox India Infraestate has 3 current directors:
- Manish Riyal - Whole-Time Director
- Amitava Acharya - Additional Director
- Rajeev Prabhakar Pitkar - Additional Director
The latest financial statements of Equinox India Infraestate on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Equinox India Infraestate is 27AABCI6196D1ZI, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Equinox India Infraestate is U70102DL2007PLC157384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equinox India Infraestate has 11 court cases on record: 11 filed against it. 3 are pending. Most are in the district courts.
Equinox India Infraestate was incorporated on 04 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
Equinox India Infraestate has 7 deals on record (3 convertible or debt financings, 2 debt financings, 1 secondary share transfer), with disclosed funding of ₹3,580.39 Cr; the latest was in May 2024.
The peers of Equinox India Infraestate by revenue are Mextech Realty Private Limited, DLF Projects Limited, Prakhhyat Land Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Rajeev Prabhakar Pitkar was appointed as Additional Director on 06 Nov 2025. Amitava Acharya was appointed as Additional Director on 08 Oct 2025. Manish Riyal was appointed as Whole-Time Director on 23 Jan 2024. Equinox India Infraestate has 32 board changes on record in total.
Equinox India Infraestate can be reached through the website indiabullsrealestate.com. Its registered office is in Delhi, India.