Indiqube Spaces Limited

Indiqube Spaces Limited - infrastructure and utilities in Bangalore South, Karnataka, India. FY 2026 financials & compliance.
CIN L45400KA2015PLC133523 Incorporated 14 January 2015 ROC Bangalore HQ Bangalore South, Karnataka, India
Active Listed Public Limited Company infrastructure and utilities
Data last updated
Market Cap
₹4,185 Cr
INDIQUBE · NSE
Share Price
₹197.32
-0.04% today
Revenue
₹1,451 Cr
FY 2025-26 · +37.0% YoY
EBITDA
₹881 Cr
Margin 60.8%
Net Profit
−₹106 Cr
FY 2025-26 · +23.9% YoY
Debt / Equity
18.17
Interest cover 190.0x
Authorised capital
₹32.5 Cr
Registered with MCA
Paid-up capital
₹21.2 Cr
Issued & subscribed

About Indiqube Spaces Limited

Data last updated:

Indiqube Spaces Limited is a public limited company based in Bangalore South, Karnataka, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 14 January 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L45400KA2015PLC133523. Its GSTIN is 29AADCI7611M1Z7 (Karnataka). The company holds 12 GST registrations, all of them active. It is a listed company.

The company has an authorised share capital of ₹32.5 Cr and a paid-up capital of ₹21.2 Cr. It is led by directors including Naveen Tewari and Anshuman Das.

Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore South, Karnataka.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,450.81 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹106.34 Cr (net margin -7.3%) and EBITDA of ₹881.33 Cr (EBITDA margin 60.7%). The net worth stands at ₹514.75 Cr (up 16651.4% YoY). Total assets are valued at ₹6,028.59 Cr (up 39.5% YoY).

The company has about 571 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: IndiQube. As per MCA filings, the company has open charges of ₹463.45 Cr and satisfied charges of ₹275.5 Cr on record. Court records list 49 cases involving the company, including 39 filed by the company and 8 filed against it; 18 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiqube.com.

Company Details of Indiqube Spaces Limited
CIN L45400KA2015PLC133523
Registration Number 133523
Incorporation Date 14 January 2015
ROC Bangalore
Listing Status Listed
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Rishi Das Ceo Sandeep Singhal Nominee Director Naveen Tewari Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
  • Registered Address
    Plot # 53 Careernet Campus Kariyammanna, Agrahara Road Devarabisanahalli Outer Ring Road, Bangalore South, Karnataka, India – 560103
  • Industry
    Infrastructure and Utilities, General Infrastructure Services
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Financials, compliance, directors, charges, ownership and filings for Indiqube Spaces Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

CIN History of Indiqube Spaces Limited

Indiqube Spaces has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45400KA2015PLC133523, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45400KA2015PLC133523Current
U45400KA2015PLC133523Previous
U45400KA2015PTC133523Previous
U45400UP2015PTC068253Previous

Associated Brands with Indiqube Spaces Limited

Indiqube Spaces operates one associated brand: IndiQube. Each brand links to its own profile.

BrandDescriptionWebsite
IndiQube
Flexible workspace solutions are provided for enterprises, startups, and SMBs.indiqube.com

Competitors & Alternatives of Indiqube Spaces Limited

Brands and companies operating in the same space as Indiqube Spaces Limited include WeWork, DevX, BHIVE Workspace and 4 more.

CompetitorDescriptionLocationFounded
WeWork WeWork Flexible office and coworking spaces are provided by WeWork globally.New York, United States2010
DevX DevX Managed office spaces and coworking environments are provided for businesses.Ahmedabad, India2017
BHIVE Workspace BHIVE Workspace Flexible workspace solutions, including coworking and managed offices, are offered.Bengaluru, India2014
91Springboard 91Springboard Operator of shared workspaces, private offices, and virtual office solutionsMumbai, India2012
iSprout iSprout Adaptable workspaces with amenities and collaborative features are offered.Hyderabad, India2016
CorporatEdge CorporatEdge Operator of flexible workspaces, meeting rooms, virtual offices, and event spacesDelhi, India2012
Cowrks Cowrks Provider of flexible and customized coworking spacesBengaluru, India2015

Business Activity of Indiqube Spaces Limited

The main business activity of Indiqube Spaces is real estate. In detail, this covers real estate activities with own or leased property.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
LReal EstateL1Real estate activities with own or leased propertyLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Board of Directors and KMP of Indiqube Spaces Limited

Indiqube Spaces Limited currently reports 7 directors and 1 key managerial person. 9 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Sandeep Singhal
Also directs: Westbridge Advisors LLP, Safecrop Investments India LLP, Koyna Consultancy Services LLP and 5 more
Nominee Director23 Jul 20242 Years 2 MonthsCurrent
Naveen Tewari
Also directs: Sachchi Consulting LLP, Narayana Hrudayalaya Limited, Inmobi Consumer Platform Private Limited
Director18 Dec 20241 Years 9 MonthsCurrent
Anshuman Das
Also directs: Innoprop Spaces Private Limited, Rishuman Constructions Private Limited, Hirepro Technologies Private Limited and 2 more
Director14 Jan 201511 Years 8 MonthsCurrent
Rishi Das
Also directs: Ispl Solar India LLP, Shinten Projects LLP, Innoprop Spaces Private Limited and 4 more
Ceo18 Dec 20241 Years 9 MonthsCurrent
Rahul Matthan
Also directs: Snark Capital Advisors LLP, TD Power Systems Limited
Director18 Dec 20241 Years 9 MonthsCurrent
Megana Agarwal
Also directs: Ispl Solar India LLP, Innoprop Spaces Private Limited
Director01 Jul 20197 Years 3 MonthsCurrent
Showing 6 of 8 current directors and KMP. View all directors and KMP

Financials of Indiqube Spaces Limited FY 2025-26 filings available

Indiqube Spaces Limited reported revenue of ₹1,450.81 Cr (up 37% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,451 Cr
+37.0% YoY
EBITDA
₹881 Cr
+42.9% YoY
Profit After Tax
−₹106 Cr
+23.9% YoY
Net Worth
₹515 Cr
- YoY
Total Assets
₹6,029 Cr
+39.5% YoY
Total Debt
₹5,207 Cr
+27.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4511,059831580344294240
Revenue growth+37.0%+27.5%+43.3%+68.5%+16.9%+22.9%-
EBITDA88161722623712940.2523.85
EBITDA margin+60.8%+58.2%+27.3%+40.8%+37.6%+13.7%+10.0%
Profit before tax(136)(157)(385)(228)(224)(15.50)(19.34)
Net profit(106)(140)(342)(199)(188)(13.67)(16.37)
Net profit margin-7.3%-13.2%-41.1%-34.3%-54.8%-4.6%-6.8%
EPS (₹)(5.02)(10.72)(1,866.16)(1,082.56)(1,148.65)(94.29)(98.55)
Balance sheet
Total assets6,0294,3213,3702,7762,114336335
Net worth515(3.11)13119214850.2165.71
Total debt5,2074,0883,0492,4261,873153120
Cash & bank3856.030.4510.460.342.533.44
Net working capital138(154)(130)(83.26)(106)(51.15)(64.63)
Cash flow
Cash from operations92061254232420238.5947.19
Cash from investing(737)(259)(193)(174)(46.69)(53.39)(105)
Cash from financing(178)(337)(365)(149)(176)13.8933.59
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue423401390350309297268252
Revenue growth (YoY)+36.7%+35.2%+45.6%+38.8%+27.7%---
Other income26.1324.2721.1616.4514.8310.1912.5911.83
Total expenses164153153142121127110107
EBITDA258248237208188170158145
EBITDA margin+61.2%+61.8%+60.8%+59.4%+60.8%+57.2%+58.9%+57.4%
Depreciation188177169156143130117122
Interest12711911210711091.1586.2778.77
Profit before tax(30.50)(23.89)(23.09)(38.68)(49.96)(41.39)(32.80)(43.82)
Tax(6.63)(1.24)(6.03)(8.82)(13.21)(10.05)(19.07)8.69

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue423401390350309297268252
Revenue growth (YoY)+36.7%+35.2%+45.6%+38.8%+27.7%---
Other income26.1324.2721.1616.4514.8310.1912.5911.83
Total expenses164153153142121127110107
EBITDA258248237208188170158145
EBITDA margin+61.2%+61.8%+60.8%+59.4%+60.8%+57.2%+58.9%+57.4%
Depreciation188177169156143130117122
Interest12711911210711091.1586.2778.77
Profit before tax(30.50)(23.89)(23.09)(38.68)(49.96)(41.39)(32.80)(43.82)
Tax(6.63)(1.24)(6.03)(8.82)(13.21)(10.05)(19.07)8.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4511,059831580344294240
Revenue growth+37.0%+27.5%+43.3%+68.5%+16.9%+22.9%-
Other income76.7143.6537.0921.5411.133.160.44
Total expenses569443604343215254216
Employee cost92.5775.8363.7743.5329.7523.4421.54
EBITDA88161722623712940.2523.85
EBITDA margin+60.8%+58.2%+27.3%+40.8%+37.6%+13.7%+10.0%
Depreciation64548739229822136.8125.27
Interest44833025618814322.1018.36
Profit before tax(136)(157)(385)(228)(224)(15.50)(19.34)
Tax(29.31)(17.68)(43.31)(29.82)(35.62)0.00(3.14)
Net profit(106)(140)(342)(199)(188)(13.67)(16.37)
Net profit margin-7.3%-13.2%-41.1%-34.3%-54.8%-4.6%-6.8%
EPS (₹)(5.02)(10.72)(1,866.16)(1,082.56)(1,148.65)(94.29)(98.55)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital21.2020.191.195002871.021.02
Reserves & surplus494(23.30)129(308)(238)49.1964.69
Shareholders' funds (net worth)515(3.11)13119214850.2165.71
Secured loans29027614610755.7121.7547.47
Unsecured loans4,9173,8122,9032,3191,81813172.64
Total debt5,2074,0883,0492,4261,873153120
Total liabilities6,0294,3213,3702,7762,114336335
Assets
Gross block7,1165,2013,8152,8632,310321297
Net block5,2133,9553,0852,5462,006238248
Capital work in progress96.0111479.3223.9825.870.000.00
Investments0.000.000.970.972.132.162.16
Inventories0.690.000.000.000.000.000.00
Sundry debtors11378.7559.2933.2125.3920.8011.55
Cash & bank balances3856.030.4510.460.342.533.44
Loans & advances12212510866.3238.1837.4334.72
Total current assets62021016711063.9160.7649.71
Total current liabilities483364298193170112114
Net working capital138(154)(130)(83.26)(106)(51.15)(64.63)
Total assets6,0294,3213,3702,7762,114336335
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(17.38)(32.58)(17.29)(18.21)2.523.4427.69
Net cash from operating activities92061254232420238.5947.19
Net cash from investing activities(737)(259)(193)(174)(46.69)(53.39)(105)
Net cash from financing activities(178)(337)(365)(149)(176)13.8933.59
Net change in cash5.5215.21(15.30)0.93(20.73)(0.91)(24.25)
Closing cash3856.030.4510.460.342.533.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+37.0%+27.5%+43.3%+68.5%+16.9%+22.9%-
EBITDA growth+43.0%+172.4%-4.4%+82.8%+221.7%+68.8%-
PBT growth+13.8%+59.1%-68.8%-1.8%-1345.1%+19.9%+9997.0%
Net income growth+23.9%+59.1%-71.7%-5.6%-1278.4%+16.5%-
Revenue CAGR (3Y)+35.8%+45.5%+41.3%+34.2%---
EBITDA CAGR (3Y)+55.0%+68.2%+77.8%+114.9%---
Profitability & leverage
Net income margin-7.3%-13.2%-41.1%-34.2%-54.7%-5.3%-6.8%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity18.1755.9616.9812.6510.222.351.27
Long-term debt / equity16.2849.9515.2511.428.891.250.88
Interest cover190.02255.27-154.29-305.86-156.40642.44-1,292.96
Efficiency & per share
Fixed asset turnover0.240.230.250.220.260.951.07
Inventory turnover4,205.250.000.000.000.000.000.00
Debtors turnover15.1715.3517.9619.7914.9018.2129.00
EPS (₹)(5.02)(10.72)(1,866.16)(1,082.56)(1,148.65)(94.29)(98.55)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)24.28(0.79)708.32(1,683.61)(1,449.60)300.08394.37
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You're viewing the latest exchange-filed financials for Indiqube Spaces Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Charges & Borrowings of Indiqube Spaces Limited

Open charges
₹463.45 Cr
Satisfied charges
₹275.5 Cr
Breakdown by lending institutions
Axis Bank Limited₹314.74 Cr
Others₹148.00 Cr
Hdfc Bank Limited₹0.71 Cr
Latest charge details
DateLenderAmountStatus
29 May 2026Others₹148 CrOpen
04 Jul 2022Axis Bank Limited₹314.74 CrOpen
30 Dec 2021Hdfc Bank Limited₹23.59 LakhOpen
27 Oct 2021Hdfc Bank Limited₹47.87 LakhOpen
13 Jan 2025Others₹56 CrSatisfied

Total charge records: 9 View all charges

Employees and EPFO Compliance at Indiqube Spaces Limited

Employment history and EPFO contributions of people linked to Indiqube Spaces.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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GST Compliance of Indiqube Spaces Limited

Indiqube Spaces has 12 GST registrations: 12 active. The first 4 active GSTINs are listed below.

Total GSTINs
12
Active
12
GSTINStateStatusRegistered on
29AADCI7611M1Z7KarnatakaActive01 Jul 2017
29AADCI7611M2Z6KarnatakaActive01 Nov 2020
27AADCI7611M1ZBMaharashtraActive23 Apr 2018
33AADCI7611M1ZITamil NaduActive13 Dec 2018
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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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Credit Ratings, Litigation & Regulatory Alerts for Indiqube Spaces Limited

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Credit ratings, litigation, and regulatory alerts

Credit ratings, court records and regulatory alerts are in the company report.

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MSME Payment Delays by Indiqube Spaces Limited

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Indiqube Spaces Limited

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Corporate group structure

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MCA Filings & Documents of Indiqube Spaces Limited

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Recent Activity on Indiqube Spaces Limited

Charges
22 Jun 2026
A charge registered on 13 Jan 2025 via Charge ID 101042550 with Others was fully satisfied on 22 Jun 2026.
Charges
22 Jun 2026
A charge registered on 06 Sep 2024 via Charge ID 100982951 with Others was fully satisfied on 22 Jun 2026.
Directors
13 Jun 2026
Bhasker Dubey was appointed as a Company Secretary on 13 Jun 2026 & has been associated with this company since 3 months 25 days.
Charges
29 May 2026
A charge with Others amounted to Rs. 148.00 Cr with Charge ID 101310525 was registered on 29 May 2026.
Charges
27 Mar 2026
A charge with Axis Bank Limited of Rs. 314.74 Cr registered on 04 Jul 2022 with Charge ID 100596717 was modified on 27 Mar 2026.
Activity
27 Jun 2025
Indiqube Spaces Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.

Recent News on Indiqube Spaces Limited

Frequently Asked Questions about Indiqube Spaces Limited

Indiqube Spaces is an active public limited company based in Bangalore South, Karnataka, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 14 January 2015 (11+ years old) and is registered under CIN L45400KA2015PLC133523.

Indiqube Spaces reported revenue of ₹1,450.81 Cr for FY 2025-26 (up 37% YoY) based on standalone financials.

Indiqube Spaces has 8 current directors and KMP:

The GSTIN of Indiqube Spaces is 29AADCI7611M1Z7, registered in Karnataka. The company has 12 GST registrations in all, of which 12 are active. Other active GSTINs include 29AADCI7611M2Z6 (Karnataka), 27AADCI7611M1ZB (Maharashtra), 33AADCI7611M1ZI (Tamil Nadu).

The CIN (Corporate Identification Number) of Indiqube Spaces is L45400KA2015PLC133523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Indiqube Spaces is a listed company.

Indiqube Spaces has 49 court cases on record: 39 filed by the company and 8 filed against it. 18 are pending. Most are in the high courts.

Indiqube Spaces was incorporated on 14 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Indiqube Spaces can be reached through the website indiqube.com. Its registered office is in Bangalore South, Karnataka, India.

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