Indiqube Spaces Limited - infrastructure and utilities in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN L45400KA2015PLC133523 Incorporated 14 January 2015 ROC Bangalore HQ Bangalore, Karnataka, India
Active Listed - NSE: INDIQUBE · BSE: 544454 Public Limited Company infrastructure and utilities
Data last updated
Market Cap
₹3,566 Cr
INDIQUBE · NSE
Share Price
₹162.08
-3.63% 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, 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.

Its director Rishi Das and family are #1,374 among India's richest people (2026). Its director Anshuman Das is #1,673 among India's richest people (2026).

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 as per MCA records. Its shares are listed on BSE: 544454 and NSE: INDIQUBE.

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 Anshuman Das and Rishi Das.

Its last annual general meeting (AGM) was held on 12 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, 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 ₹480.27 Cr and satisfied charges of ₹275.5 Cr on record. Court records list 50 cases involving the company, including 39 filed by the company and 11 filed against it; 18 cases are pending. The company has 15 deals on record (7 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹364 Cr; the latest was in September 2026. The company has 27 MSME Form 1 returns on record between 2017 and 2023, listing 2,022 overdue payments to 245 micro and small suppliers.

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

CIN L45400KA2015PLC133523
Registration Number 133523
Incorporation Date 14 January 2015
ROC Bangalore
Listing Status Listed - Listed on NSE (INDIQUBE); Listed on BSE (544454)
Company Status Active
Date of Last AGM 12 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

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

Recognitions & Rankings of Indiqube Spaces

Contact details

Indiqube Spaces Limited's registered office is in Bangalore South, Karnataka.

  • Social Media
  • Registered Address
    Plot # 53 Careernet Campus Kariyammanna, Agrahara Road Devarabisanahalli Outer Ring Road, Bangalore, Karnataka, India – 560103
  • Industry
    Infrastructure and Utilities, General Infrastructure Services
Comprehensive company report
Indiqube Spaces Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

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

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

Business activity

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 codeMain activityBusiness activity codeBusiness activityShare of turnover
LReal EstateL1Real estate activities with own or leased property

To see the full business activity and turnover split of Indiqube Spaces Limited, buy the company report.

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 22 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

To see the full year-wise statements and ratios of Indiqube Spaces Limited, buy the company report.

Board of directors of Indiqube Spaces Limited

Indiqube Spaces has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anshuman DasDirector14 Jan 201511 Years 9 MonthsCurrent
Rishi DasDirector14 Jan 201511 Years 9 MonthsCurrent
Meghna AgarwalDirector01 Jul 20197 Years 3 MonthsCurrent
Sandeep SinghalNominee Director23 Jul 20242 Years 2 MonthsCurrent
Avalur Gopalaratnam MuralikrishnanDirector18 Dec 20241 Years 10 MonthsCurrent
Naveen TewariDirector18 Dec 20241 Years 10 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Charges & borrowings

Open charges
₹480.27 Cr
Satisfied charges
₹275.5 Cr
Breakdown by lending institutions
Axis Bank Limited₹331.56 Cr
Others₹148.00 Cr
Hdfc Bank Limited₹0.71 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Aug 2026101373304Axis Bank Limited₹16.82 CrOpen
29 May 2026101310525Others₹148 CrOpen
04 Jul 2022100596717Axis Bank Limited₹314.74 CrOpen
30 Dec 2021100527896Hdfc Bank Limited₹23.59 LakhOpen
27 Oct 2021100501925Hdfc Bank Limited₹47.87 LakhOpen

To see the full charge records of Indiqube Spaces Limited, buy the company report.

Total charge records: 10 View all charges

Deals & funding

Indiqube Spaces Limited has 15 deals on record (7 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹364 Cr; the latest was in September 2026.

Total deals
15
Secondary share transfers
7
Funding rounds
3
Convertible or debt financing
1
Debt financing
1
Disclosed funding
₹364 Cr

Deals on record (5 of 15)

WhenDealAmountParties
Sep 2026Market trade₹25 CrBuyer: Konark Trust
Seller: Westbridge Capital Partners
Jul 2025IPO₹700 CrInvestors: Axis Max Life Insurance Limited , Societe Generale
Seller: 2 individuals
Dec 2024Secondary share transferUndisclosedBuyer: MMARS Trust, SRI Family Trust, A4 Family Trust
Seller: 3 individuals
Dec 2024Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Apr 2022Funding round · Series B₹225 CrInvestors: Westbridge Capital Partners, Careernet Technologies Private Limited , Hirepro Consulting Private Limited

To see the full deal history of Indiqube Spaces Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Indiqube Spaces Limited has 27 MSME Form 1 returns on record between 2017 and 2023, listing 2,022 overdue payments to 245 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 245)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Sanchana Guru Distributors
Sis Pestx India Private Limited
Sameeksha Life Safety Equipments India Private Limited

To see the full MSME payment records of Indiqube Spaces Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

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

To see the full GST registrations and return filing status of Indiqube Spaces Limited, buy the company report.

Recent activity

Indiqube Spaces Limited has 17 board changes on record since 2015: 9 appointments and 8 cessations. The latest: Avalur Gopalaratnam Muralikrishnan was appointed as Director on 18 Dec 2024.

Charges
A charge with Axis Bank Limited of Rs. 314.74 Cr registered on 04 Jul 2022 with Charge ID 100596717 was modified on 01 Sep 2026.
AGM
Indiqube Spaces Limited last Annual general meeting of members was held on 12 Aug 2026 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 16.82 Cr with Charge ID 101373304 was registered on 04 Aug 2026.
Charges
A charge registered on 13 Jan 2025 via Charge ID 101042550 with Others was fully satisfied on 22 Jun 2026.
Charges
A charge registered on 06 Sep 2024 via Charge ID 100982951 with Others was fully satisfied on 22 Jun 2026.
Charges
A charge with Others amounted to Rs. 148.00 Cr with Charge ID 101310525 was registered on 29 May 2026.
Filing
Indiqube Spaces Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 56.00 Cr with Charge ID 101042550 was registered on 13 Jan 2025.
Appointed
Avalur Gopalaratnam Muralikrishnan was appointed as Director.
Ceased
Avalur Gopalaratnam Muralikrishnan ceased to be Additional Director.
Appointed
Naveen Tewari was appointed as Director.
Ceased
Naveen Tewari ceased to be Additional Director.

26 earlier events are in the company report.

News

Indiqube Spaces: Board Gives Green Light For ₹35 Crore Investment To Acquire 49% Stake In Saiedge Realty And Appoints Ishwar Subramanian As Independent Director.
19 Oct 2026 · Exchange Update
INDIQUBE: Rs. 24.91 Crores BSE Block Trade; for ~ 1,271,100 Shares, at Rs. 195.95
28 Sep 2026 · Exchange Update
Indiqube Spaces: to Hold Meetings with Analysts and Investors on September 17 and 18.
15 Sep 2026 · Exchange Update

Frequently asked questions

Indiqube Spaces is an active public limited company based in Bangalore, 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. Listed on BSE: 544454 and NSE: INDIQUBE.

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:

The latest financial statements of Indiqube Spaces on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2026. Year-wise statements from 2015 are in the company report.

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 as per MCA records. Its shares are listed on both BSE (code: 544454) and NSE (symbol: INDIQUBE).

Indiqube Spaces has 50 court cases on record: 39 filed by the company and 11 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 has 15 deals on record (7 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹364 Cr; the latest was in September 2026.

Avalur Gopalaratnam Muralikrishnan was appointed as Director on 18 Dec 2024. Avalur Gopalaratnam Muralikrishnan ceased to be Additional Director on 18 Dec 2024. Naveen Tewari was appointed as Director on 18 Dec 2024. Indiqube Spaces has 17 board changes on record in total.