About Ncubate India Services Private Limited
Data last updated:
Ncubate India Services Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 08 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U93000DL2011PTC222104. Its GSTIN is 07AADCN6776C1ZD (Delhi). The company holds 32 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹46.32 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Pawan Puri and Alok Goswami.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Wz – 106/101 Rajouri Garden, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2024, the company reported a revenue of ₹384.95 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹6.3 Cr (net margin -1.6%) and EBITDA of ₹9.26 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company has about 156 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Ncubate India Services and Ncubate Capital Partners. As per MCA filings, the company has open charges of ₹237.32 Cr and satisfied charges of ₹280.05 Cr on record. Court records list 208 cases involving the company, including 193 filed by the company and 15 filed against it; 40 cases are pending. The company has 8 deals on record (6 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹5 Lakh; the latest was in March 2021. Its 3 peer companies in the Transport and Logistics industry (Diversified Logistics, Electronic Appliances Retail and Distribution, Real Estate Leasing), with the same principal business activity (wholesale trading) are compared by revenue, 3 smaller; the largest is Blue Star Engineering & Electronics Limited with revenue of ₹383.61 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 ncubatelogistics.com.
Company details
Contact details
Ncubate India Services Private Limited's registered office is in New Delhi, Delhi. Its website is ncubatelogistics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressWz – 106/101 Rajouri Garden, New Delhi, Delhi, India – 110058
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Ncubate India Services Private 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
Brands
Ncubate India Services operates two associated brands: Ncubate India Services and Ncubate Capital Partners. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers warehousing, transportation, and 3PL logistics services across India. | ncubatelogistics.com | |
| Venture capital and business support services for entrepreneurs in finance and technology sectors. | ncubatecapital.com |
Business activity
The main business activity of Ncubate India Services is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ncubate India Services Private Limited, buy the company report.
Financials of Ncubate India Services Private Limited
FY 2024 filings availableNcubate India Services Private Limited reported revenue of ₹384.95 Cr (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 39% 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 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 | ₹9.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.3 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -1.6% | ||||
| 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 Ncubate India Services Private Limited, buy the company report.
Board of directors of Ncubate India Services Private Limited
Ncubate India Services has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Puri | Director | 07 Aug 2023 | 3 Years 2 Months | Current |
| Alok Goswami Also directs: Fluortronix Innovations Private Limited | Director | 01 Oct 2014 | 12 Years 0 Months | Current |
| Atul Jalota | Director | 30 Jun 2012 | 14 Years 3 Months | Current |
| Navneet Kapoor Also directs: Multiples Private Equity Fund II LLP, Navodhyam Holdings LLP, NK Family LLP and 5 more | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Om Parkash Kapoor Also directs: Lectrix Technologies Private Limited, Sun Switch India Private Limited, Northstar Solar Power Private Limited and 1 more | Director | 07 Nov 2014 | 11 Years 11 Months | Current |
Peer comparison
Ncubate India Services Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics, Electronic Appliances Retail and Distribution, Real Estate Leasing), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ncubate India Services Private Limitedthis company | ₹384.95 Cr (FY 2024) | -₹6.3 Cr | -1.6% | -16.0% | 156 | New Delhi, Delhi, India |
| Blue Star Engineering & Electronics Limited | ₹383.61 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Sshoppee.Com Private Limited | ₹382.64 Cr (FY 2025) | 10.0% | Mysore, Karnataka, India | |||
| Multicab Corporation Private Limited | ₹380.53 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ncubate India Services Private Limited, buy the company report.
Auditor
Ncubate India Services Private Limited is audited by Lalit Gupta & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lalit Gupta & Associates | FY 2023 | 004840N |
Shareholding
The shareholding of Ncubate India Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ncubate India Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2025 | 101135175 | Others | ₹52 Cr | Open | |
| 31 May 2025 | 101108431 | Others | ₹30 Lakh | Open | |
| 23 May 2025 | 101100767 | Others | ₹10 Lakh | Open | |
| 16 Jan 2025 | 101039158 | Others | ₹45 Lakh | Open | |
| 26 Jun 2024 | 100942752 | Others | ₹50 Cr | Open |
To see the full charge records of Ncubate India Services Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Ncubate India Services Private Limited has 8 deals on record (6 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹5 Lakh; the latest was in March 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Ncubate Capital Partners Seller: an individual |
| Jan 2020 | Secondary share transfer | Undisclosed | Seller: Ncubate Capital Partners, Ncubate Logistics & Warehousing Private Limited, 2 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Ncubate Capital Partners Seller: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Ncubate Capital Partners Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Ncubate Capital Partners |
To see the full deal history of Ncubate India Services Private 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
Ncubate India Services Private Limited has 208 court cases on record: 193 filed by Ncubate India Services, 15 filed against it. 40 cases are pending and 168 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 189 | 7 | 33 |
| High courts | 18 | 8 | 7 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 208)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (CRR) | Filed by the company against M/S Vardhman Electronics | Pending |
| District court, Gurugram, Haryana | Appeal | Filed by the company against M/S Om Sai Amenities Hub | Pending |
| High Court of Punjab and Haryana | Court case (CRR) | Filed against the company by M/S Innovative Pest and Prop MGT Sciences and Another and 1 other | Pending |
| District court, South West, Delhi | Civil suit | Filed against the company by State | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against M/S Jayguru Distributors | Pending |
To see the full case history of Ncubate India Services Private 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 Ncubate India Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ncubate India Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Northstar Solar Power Private Limited | U40109DL2013PTC260462 |
To see the full group structure of Ncubate India Services Private Limited, buy the company report.
Employees & EPFO
Ncubate India Services Private Limited has a workforce of 156 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ncubate India Services has 32 GST registrations: 25 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCN6776C1ZD | Delhi | Active | 01 Jul 2017 |
| 02AADCN6776C1ZN | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AADCN6776C1ZL | Punjab | Active | 01 Jul 2017 |
| 04AADCN6776C1ZJ | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ncubate India Services Private Limited, buy the company report.
Recent activity
Ncubate India Services Private Limited has 13 board changes on record since 2012: 5 appointments and 8 cessations. The latest: Pawan Puri was appointed as Director on 07 Aug 2023.
45 earlier events are in the company report.
News
Frequently asked questions
Ncubate India Services is an active private limited company based in New Delhi, Delhi, India. The company works in real estate financing, within the financial services industry. It was incorporated on 08 July 2011 (15+ years old) and is registered under CIN U93000DL2011PTC222104.
Ncubate India Services has 5 current directors:
- Pawan Puri - Director
- Alok Goswami - Director
- Atul Jalota - Director
- Navneet Kapoor - Director
- Om Parkash Kapoor - Director
The latest financial statements of Ncubate India Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ncubate India Services is 07AADCN6776C1ZD, registered in Delhi. The company has 32 GST registrations in all, of which 25 are active and 7 are cancelled or inactive. Other active GSTINs include 02AADCN6776C1ZN (Himachal Pradesh), 03AADCN6776C1ZL (Punjab), 04AADCN6776C1ZJ (Chandigarh).
The CIN (Corporate Identification Number) of Ncubate India Services is U93000DL2011PTC222104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ncubate India Services has 208 court cases on record: 193 filed by the company and 15 filed against it. 40 are pending. Most are in the district courts.
Ncubate India Services was incorporated on 08 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Ncubate India Services has 8 deals on record (6 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹5 Lakh; the latest was in March 2021.
The peers of Ncubate India Services by revenue are Blue Star Engineering & Electronics Limited, Sshoppee.Com Private Limited, Multicab Corporation Private Limited, all in the Transport and Logistics industry (Diversified Logistics, Electronic Appliances Retail and Distribution, Real Estate Leasing), with the same principal business activity (wholesale trading).
Pawan Puri was appointed as Director on 07 Aug 2023. Navneet Kapoor was appointed as Director on 01 Apr 2021. Alok Goswami ceased to be Additional Director on 29 Nov 2014. Ncubate India Services has 13 board changes on record in total.
Ncubate India Services can be reached through the website ncubatelogistics.com. Its registered office is in New Delhi, Delhi, India.