
About Indiabulls Limited
Data last updated:
Indiabulls Limited is a public limited company based in Gurgaon, Haryana, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 24 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L64200HR2007PLC077999. Its GSTIN is 06AABCI7129N1CL (Haryana). The company holds 34 GST registrations, of which 31 are active. Its shares are listed on BSE: 533520.
The company has an authorised share capital of ₹908.28 Cr and a paid-up capital of ₹465.91 Cr. It was formerly known as Indiabulls Integrated Services Limited and Indiabulls Wholesale Services Limited. It is led by directors including Divyesh Bharatkumar Shah (Whole-Time Director) and Gurbans Singh (Whole-Time Director).
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 5th Floor Plot No. 108 IT Park Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹833.38 Cr. For the same year it recorded a net profit of ₹336.86 Cr (net margin 40.4%) and EBITDA of ₹211.7 Cr (EBITDA margin 25.4%).
The company is associated with 1 brand: Indiabulls Integrated Services. As per MCA filings, the company has open charges of ₹25.56 Cr and satisfied charges of ₹510.54 Cr on record. Court records list 86 cases involving the company, including 60 filed by the company and 20 filed against it; 16 cases are pending. The company has 72 deals on record (71 market trades, 1 funding round), with disclosed funding of ₹372.78 Cr; the latest was in June 2026. Its 10 peer companies in the BFSI industry (Builders and Developers, Other Financial Services) are compared by revenue, 5 larger and 5 smaller; the largest is RK Fintech Private Limited with revenue of ₹51.03 Lakh. The company has 10 MSME Form 1 returns on record between 2022 and 2023, listing 45 overdue payments to 7 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 yaari.com.
- EmailLocked
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- WebsiteLocked
- Social Media
- Registered Address5th Floor Plot No. 108 IT Park Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016
- IndustryE-Commerce, General E-Commerce Platforms
- 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 Limited
The main business activity of Indiabulls is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Limited FY 2025-26 filings available
Indiabulls Limited reported revenue of ₹833.38 Cr for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 833 | 0.00 | 0.02 | 0.11 | 1.27 | 168 | 225 |
| Revenue growth | - | -100.0% | -81.8% | -91.3% | -99.3% | -25.3% | - |
| EBITDA | 212 | (8.21) | (4.91) | (12.33) | (94.40) | 0.19 | (227) |
| EBITDA margin | +25.4% | - | - | - | -7433.1% | +0.1% | -100.9% |
| Profit before tax | 179 | (68.19) | (21.61) | 84.69 | (132) | (74.74) | (267) |
| Net profit | 337 | (68.20) | (21.27) | 95.83 | (145) | (118) | (161) |
| Net profit margin | +40.4% | - | - | - | - | -69.8% | -71.4% |
| EPS (₹) | 1.26 | (6.91) | (2.19) | 9.61 | (14.77) | (10.79) | (33.08) |
| Balance sheet | |||||||
| Total assets | - | (13.12) | 9.90 | (8.69) | 219 | 840 | 1,539 |
| Net worth | - | (276) | (234) | (223) | (294) | 412 | 308 |
| Total debt | - | 263 | 244 | 214 | 502 | 332 | 1,141 |
| Cash & bank | - | 18.78 | 0.15 | 0.31 | 0.92 | 27.46 | 11.42 |
| Net working capital | - | (16.21) | (21.73) | (31.61) | (53.18) | (72.31) | 422 |
| Cash flow | |||||||
| Cash from operations | - | 5.17 | (11.92) | (11.31) | (487) | 841 | (218) |
| Cash from investing | - | 54.21 | 0.01 | 223 | 328 | 179 | (499) |
| Cash from financing | - | (40.75) | 11.75 | (212) | 157 | (1,004) | 717 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 359 | 409 | 96.96 | 236 | 91.62 | 102 | 106 | 115 |
| Revenue growth (YoY) | +292.3% | +302.2% | -8.9% | +105.7% | - | - | - | - |
| Other income | 24.97 | 9.86 | 5.62 | 20.32 | 11.60 | 47.57 | 14.23 | 11.62 |
| EBITDA | 154 | 105 | (14.23) | 107 | 13.52 | (182) | 24.31 | 12.14 |
| EBITDA margin | +48.3% | +25.8% | -14.7% | +45.4% | +14.8% | -179.5% | +22.8% | +10.6% |
| Depreciation | 8.40 | 8.74 | 8.88 | 9.52 | 9.52 | 9.63 | 9.54 | 9.86 |
| Interest | 9.64 | 9.93 | 10.07 | 14.68 | 8.50 | 13.06 | 6.79 | 21.84 |
| Profit before tax | 161 | 96.39 | (27.56) | 103 | 7.10 | (157) | 22.21 | (7.94) |
| Tax | 19.84 | (97.87) | (106) | 28.02 | 8.91 | 6.69 | 25.36 | 5.45 |
| Net profit | 141 | 194 | 78.37 | 75.31 | (1.81) | (164) | (3.15) | (13.39) |
| EPS (₹) | 0.64 | 0.87 | 0.35 | 0.00 | (0.01) | (0.78) | (0.55) | (0.01) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 116 | 0.00 | 0.00 | 0.11 | 0.70 | 0.10 | 0.06 |
| Revenue growth | - | - | -100.0% | -84.3% | +600.0% | +66.7% | - |
| EBITDA | (6.47) | (7.92) | (4.34) | (9.52) | (89.24) | (6.41) | (8.13) |
| EBITDA margin | -5.6% | - | - | -8654.6% | - | -6410.0% | - |
| Profit before tax | (95.73) | (89.63) | (43.37) | 413 | (170) | (88.09) | (19.04) |
| Net profit | (45.88) | (89.63) | (43.08) | 414 | (170) | (88.31) | (22.83) |
| Net profit margin | -39.5% | - | - | - | - | - | - |
| EPS (₹) | (0.21) | (9.08) | (4.39) | 41.84 | (17.24) | (10.06) | (2.51) |
| Balance sheet | |||||||
| Total assets | - | 452 | 468 | 459 | 662 | 2,238 | 1,842 |
| Net worth | - | (113) | (39.98) | (5.21) | (399) | 1,509 | 1,618 |
| Total debt | - | 564 | 508 | 464 | 1,050 | 729 | 224 |
| Cash & bank | - | 18.62 | 0.10 | 0.16 | 0.58 | 2.20 | 0.72 |
| Net working capital | - | (11.49) | (15.60) | (18.58) | (68.70) | 1,339 | 932 |
| Cash flow | |||||||
| Cash from operations | - | 7.27 | (2.13) | (5.11) | (654) | 443 | (14.64) |
| Cash from investing | - | 37.89 | 0.05 | 222 | 433 | (831) | (204) |
| Cash from financing | - | (26.64) | 2.02 | (218) | 219 | 389 | 219 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34.53 | 72.56 | 14.97 | 13.79 | 14.76 | 14.44 | 14.58 | 20.97 |
| Revenue growth (YoY) | +133.9% | +402.5% | +2.7% | -34.2% | - | - | - | - |
| Other income | 18.56 | 5.13 | 0.23 | 2.21 | 1.21 | 41.02 | 0.17 | 1.39 |
| Total expenses | 15.08 | 39.40 | 10.80 | 56.39 | 15.96 | 76.89 | 27.80 | 16.60 |
| EBITDA | 19.45 | 33.16 | 4.17 | (42.60) | (1.20) | (62.45) | (13.22) | 4.37 |
| EBITDA margin | +56.3% | +45.7% | +27.9% | -308.9% | -8.2% | -432.5% | -90.7% | +20.8% |
| Depreciation | 3.49 | 3.66 | 3.76 | 3.82 | 3.49 | 3.62 | 3.68 | 3.84 |
| Interest | 22.87 | 21.04 | 21.50 | 20.85 | 19.92 | 14.29 | 5.37 | 19.58 |
| Profit before tax | 11.65 | 13.59 | (20.86) | (65.06) | (23.40) | (39.34) | (22.10) | (17.66) |
| Tax | 2.93 | (49.94) | (0.47) | 0.04 | 0.02 | 2.04 | (2.84) | 1.02 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 359 | 409 | 96.96 | 236 | 91.62 | 102 | 106 | 115 |
| Revenue growth (YoY) | +292.3% | +302.2% | -8.9% | +105.7% | - | - | - | - |
| Other income | 24.97 | 9.86 | 5.62 | 20.32 | 11.60 | 47.57 | 14.23 | 11.62 |
| EBITDA | 154 | 105 | (14.23) | 107 | 13.52 | (182) | 24.31 | 12.14 |
| EBITDA margin | +48.3% | +25.8% | -14.7% | +45.4% | +14.8% | -179.5% | +22.8% | +10.6% |
| Depreciation | 8.40 | 8.74 | 8.88 | 9.52 | 9.52 | 9.63 | 9.54 | 9.86 |
| Interest | 9.64 | 9.93 | 10.07 | 14.68 | 8.50 | 13.06 | 6.79 | 21.84 |
| Profit before tax | 161 | 96.39 | (27.56) | 103 | 7.10 | (157) | 22.21 | (7.94) |
| Tax | 19.84 | (97.87) | (106) | 28.02 | 8.91 | 6.69 | 25.36 | 5.45 |
| Net profit | 141 | 194 | 78.37 | 75.31 | (1.81) | (164) | (3.15) | (13.39) |
| EPS (₹) | 0.64 | 0.87 | 0.35 | 0.00 | (0.01) | (0.78) | (0.55) | (0.01) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 833 | 0.00 | 0.02 | 0.11 | 1.27 | 168 | 225 |
| Revenue growth | - | -100.0% | -81.8% | -91.3% | -99.3% | -25.3% | - |
| Other income | 47.40 | 0.51 | 3.13 | 186 | 21.23 | 78.76 | 123 |
| Total expenses | 622 | 8.21 | 4.93 | 12.44 | 95.67 | 168 | 453 |
| Employee cost | 0.00 | 1.16 | 2.66 | 3.55 | 5.26 | 42.43 | 66.88 |
| EBITDA | 212 | (8.21) | (4.91) | (12.33) | (94.40) | 0.19 | (227) |
| EBITDA margin | +25.4% | - | - | - | -7433.1% | +0.1% | -100.9% |
| Depreciation | 36.66 | 0.07 | 0.35 | 1.35 | 1.88 | 29.02 | 32.13 |
| Interest | 43.18 | 60.42 | 19.48 | 87.42 | 56.71 | 125 | 130 |
| Profit before tax | 179 | (68.19) | (21.61) | 84.69 | (132) | (74.74) | (267) |
| Tax | (167) | 0.01 | 0.00 | (10.16) | 14.01 | 12.91 | 26.44 |
| Net profit | 337 | (68.20) | (21.27) | 95.83 | (145) | (118) | (161) |
| Net profit margin | +40.4% | - | - | - | - | -69.8% | -71.4% |
| EPS (₹) | 1.26 | (6.91) | (2.19) | 9.61 | (14.77) | (10.79) | (33.08) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 19.74 | 19.74 | 19.74 | 19.74 | 17.51 | 17.87 |
| Reserves & surplus | - | (296) | (254) | (243) | (314) | 394 | 290 |
| Shareholders' funds (net worth) | - | (276) | (234) | (223) | (294) | 412 | 308 |
| Minority interest | - | 0.00 | 0.00 | 0.00 | 0.00 | 92.08 | 84.82 |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 88.42 | 299 |
| Unsecured loans | - | 263 | 244 | 214 | 502 | 243 | 842 |
| Total debt | - | 263 | 244 | 214 | 502 | 332 | 1,141 |
| Total liabilities | - | (13.12) | 9.90 | (8.69) | 219 | 840 | 1,539 |
| Assets | |||||||
| Gross block | - | 0.44 | 0.44 | 2.76 | 9.77 | 377 | 504 |
| Net block | - | 0.05 | 0.13 | 0.82 | 5.90 | 235 | 355 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.62 | 0.00 |
| Investments | - | 2.64 | 31.30 | 22.01 | 48.36 | 589 | 541 |
| Inventories | - | 0.00 | 0.00 | 0.00 | 0.98 | 25.62 | 28.48 |
| Sundry debtors | - | 0.00 | 0.00 | 0.47 | 0.58 | 83.00 | 81.00 |
| Cash & bank balances | - | 18.78 | 0.15 | 0.31 | 0.92 | 27.46 | 11.42 |
| Loans & advances | - | 1.92 | 13.78 | 13.89 | 18.73 | 575 | 444 |
| Total current assets | - | 20.70 | 13.93 | 14.67 | 21.21 | 712 | 564 |
| Total current liabilities | - | 36.91 | 35.66 | 46.28 | 74.39 | 784 | 142 |
| Net working capital | - | (16.21) | (21.73) | (31.61) | (53.18) | (72.31) | 422 |
| Total assets | - | (13.12) | 9.90 | (8.69) | 219 | 840 | 1,539 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.15 | 0.31 | 0.92 | 3.13 | 10.35 | 10.85 |
| Net cash from operating activities | - | 5.17 | (11.92) | (11.31) | (487) | 841 | (218) |
| Net cash from investing activities | - | 54.21 | 0.01 | 223 | 328 | 179 | (499) |
| Net cash from financing activities | - | (40.75) | 11.75 | (212) | 157 | (1,004) | 717 |
| Net change in cash | - | 18.63 | (0.16) | (0.61) | (2.21) | 16.09 | (0.50) |
| Closing cash | - | 18.78 | 0.15 | 0.31 | 0.92 | 27.46 | 11.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | -100.0% | -81.8% | -91.3% | -99.3% | -25.3% | - |
| EBITDA growth | +2678.6% | -67.2% | +60.2% | +86.9% | - | +100.1% | - |
| PBT growth | +9998.0% | -215.6% | - | +9998.0% | -76.3% | +72.0% | - |
| Net income growth | +593.9% | -220.6% | -122.2% | +166.1% | -23.3% | +26.9% | - |
| Revenue CAGR (3Y) | +1864.0% | -100.0% | -95.1% | -92.1% | -80.5% | -10.2% | +0.3% |
| EBITDA CAGR (3Y) | - | -55.7% | - | -62.2% | +256.7% | -84.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +41.5% | - | - | - | - | -52.0% | -130.0% |
| Return on capital employed | - | 0.0% | 0.0% | +32.8% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | +58.7% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 7.09 | 2.05 | 0.85 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 4.87 | 0.15 | 0.19 |
| Interest cover | 24.67 | -729.71 | -370.34 | -639.04 | -58.90 | -432.43 | -49.97 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.01 | 0.02 | 0.01 | 0.38 | 0.43 |
| Inventory turnover | - | 0.00 | 0.00 | 0.22 | 0.10 | 6.23 | 9.04 |
| Debtors turnover | - | 0.00 | 0.09 | 0.21 | 0.03 | 2.05 | 2.69 |
| EPS (₹) | 1.26 | (6.91) | (2.19) | 9.61 | (14.77) | (10.79) | (33.08) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (28.01) | (23.68) | (22.60) | (29.80) | 47.02 | 34.49 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34.53 | 72.56 | 14.97 | 13.79 | 14.76 | 14.44 | 14.58 | 20.97 |
| Revenue growth (YoY) | +133.9% | +402.5% | +2.7% | -34.2% | - | - | - | - |
| Other income | 18.56 | 5.13 | 0.23 | 2.21 | 1.21 | 41.02 | 0.17 | 1.39 |
| Total expenses | 15.08 | 39.40 | 10.80 | 56.39 | 15.96 | 76.89 | 27.80 | 16.60 |
| EBITDA | 19.45 | 33.16 | 4.17 | (42.60) | (1.20) | (62.45) | (13.22) | 4.37 |
| EBITDA margin | +56.3% | +45.7% | +27.9% | -308.9% | -8.2% | -432.5% | -90.7% | +20.8% |
| Depreciation | 3.49 | 3.66 | 3.76 | 3.82 | 3.49 | 3.62 | 3.68 | 3.84 |
| Interest | 22.87 | 21.04 | 21.50 | 20.85 | 19.92 | 14.29 | 5.37 | 19.58 |
| Profit before tax | 11.65 | 13.59 | (20.86) | (65.06) | (23.40) | (39.34) | (22.10) | (17.66) |
| Tax | 2.93 | (49.94) | (0.47) | 0.04 | 0.02 | 2.04 | (2.84) | 1.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 116 | 0.00 | 0.00 | 0.11 | 0.70 | 0.10 | 0.06 |
| Revenue growth | - | - | -100.0% | -84.3% | +600.0% | +66.7% | - |
| Other income | 8.78 | 0.86 | 3.57 | 530 | 20.09 | 4.74 | 8.54 |
| Total expenses | 123 | 7.92 | 4.34 | 9.63 | 89.94 | 6.51 | 8.19 |
| Employee cost | 0.00 | 1.10 | 2.65 | 3.30 | 5.20 | 4.16 | 6.03 |
| EBITDA | (6.47) | (7.92) | (4.34) | (9.52) | (89.24) | (6.41) | (8.13) |
| EBITDA margin | -5.6% | - | - | -8654.6% | - | -6410.0% | - |
| Depreciation | 14.73 | 0.07 | 0.32 | 1.31 | 1.84 | 1.00 | 1.06 |
| Interest | 83.31 | 82.50 | 42.28 | 106 | 99.16 | 85.42 | 18.39 |
| Profit before tax | (95.73) | (89.63) | (43.37) | 413 | (170) | (88.09) | (19.04) |
| Tax | (50.35) | 0.00 | 0.00 | (0.22) | 0.00 | 0.00 | 3.41 |
| Net profit | (45.88) | (89.63) | (43.08) | 414 | (170) | (88.31) | (22.83) |
| Net profit margin | -39.5% | - | - | - | - | - | - |
| EPS (₹) | (0.21) | (9.08) | (4.39) | 41.84 | (17.24) | (10.06) | (2.51) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 19.74 | 19.74 | 19.74 | 19.74 | 17.51 | 17.87 |
| Reserves & surplus | - | (132) | (59.72) | (24.95) | (418) | 1,492 | 1,600 |
| Shareholders' funds (net worth) | - | (113) | (39.98) | (5.21) | (399) | 1,509 | 1,618 |
| Secured loans | - | 285 | 265 | 250 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | - | 279 | 244 | 214 | 1,050 | 729 | 224 |
| Total debt | - | 564 | 508 | 464 | 1,050 | 729 | 224 |
| Total liabilities | - | 452 | 468 | 459 | 662 | 2,238 | 1,842 |
| Assets | |||||||
| Gross block | - | 0.42 | 0.43 | 2.63 | 9.60 | 3.69 | 6.40 |
| Net block | - | 0.05 | 0.13 | 0.75 | 5.76 | 1.55 | 4.78 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.62 | 0.00 |
| Investments | - | 463 | 484 | 477 | 509 | 897 | 905 |
| Inventories | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.38 |
| Sundry debtors | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.67 | 0.72 |
| Cash & bank balances | - | 18.62 | 0.10 | 0.16 | 0.58 | 2.20 | 0.72 |
| Loans & advances | - | 6.48 | 17.80 | 17.50 | 21.12 | 1,785 | 948 |
| Total current assets | - | 25.10 | 17.90 | 17.66 | 21.70 | 1,788 | 950 |
| Total current liabilities | - | 36.59 | 33.50 | 36.24 | 90.40 | 449 | 17.74 |
| Net working capital | - | (11.49) | (15.60) | (18.58) | (68.70) | 1,339 | 932 |
| Total assets | - | 452 | 468 | 459 | 662 | 2,238 | 1,842 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.10 | 0.16 | 0.58 | 2.20 | 0.72 | 0.33 |
| Net cash from operating activities | - | 7.27 | (2.13) | (5.11) | (654) | 443 | (14.64) |
| Net cash from investing activities | - | 37.89 | 0.05 | 222 | 433 | (831) | (204) |
| Net cash from financing activities | - | (26.64) | 2.02 | (218) | 219 | 389 | 219 |
| Net change in cash | - | 18.52 | (0.06) | (0.42) | (1.62) | 1.48 | 0.39 |
| Closing cash | - | 18.62 | 0.10 | 0.16 | 0.58 | 2.20 | 0.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | - | -100.0% | -84.3% | +600.0% | +66.7% | - |
| EBITDA growth | +18.3% | -82.5% | +54.4% | +89.3% | -1292.2% | +21.2% | - |
| PBT growth | -6.8% | -106.7% | - | +9998.0% | -93.2% | -362.7% | - |
| Net income growth | +48.8% | -108.1% | -110.4% | +343.1% | -92.8% | -286.8% | - |
| Revenue CAGR (3Y) | +918.1% | -100.0% | -100.0% | +22.4% | +185.8% | -55.0% | -78.3% |
| EBITDA CAGR (3Y) | -12.1% | -55.4% | -12.2% | +5.4% | +85.6% | +34.9% | +45.1% |
| Profitability & leverage | |||||||
| Net income margin | -39.1% | - | - | - | - | - | - |
| Return on capital employed | - | 0.0% | 0.0% | +59.1% | 0.0% | 0.0% | -0.0% |
| Return on net worth | - | 0.0% | 0.0% | +358.1% | 0.0% | 0.0% | -1.4% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 1.60 | 0.30 | 0.07 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.45 | 0.00 | 0.00 |
| Interest cover | -392.97 | -1,032.54 | -907.30 | -978.58 | -108.87 | -1,152.77 | -200.11 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.00 | 0.02 | 0.11 | 0.02 | 0.01 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 4.67 | 0.29 | 0.16 |
| Debtors turnover | - | 0.00 | 0.00 | 0.00 | 2.09 | 0.14 | 0.08 |
| EPS (₹) | (0.21) | (9.08) | (4.39) | 41.84 | (17.24) | (10.06) | (2.51) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (11.41) | (4.05) | (0.53) | (40.38) | 172.37 | 181.12 |
Peer Comparison of Indiabulls Limited
Indiabulls Limited is compared with the companies closest to it by revenue in the BFSI industry (Builders and Developers, 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 |
|---|---|---|---|---|---|---|
| Indiabulls Limited this company | ₹833.38 Cr (FY 2026) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| RK Fintech Private Limited | ₹51.03 Lakh (FY 2024) | •••• | •••• | 85.0% | •••• | Delhi, India |
| Suraj Jaiswal Build-Up Private Limited | ₹51.02 Lakh (FY 2022) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Soham Buildcon & Retailers Private Limited | ₹51.02 Lakh (FY 2024) | •••• | •••• | 594.0% | •••• | Ahmednagar, Maharashtra, India |
| Balajee (India) Private Limited | ₹51.01 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Panau Rural Development Private Limited | ₹51.01 Lakh (FY 2024) | •••• | •••• | 53.0% | •••• | Dehradun, Uttarakhand, India |
| Shivdhara Projects Private Limited | ₹51 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Kolkata, West Bengal, India |
| Prak Consultancy Private Limited. | ₹50.99 Lakh (FY 2024) | •••• | •••• | 989.0% | •••• | Kolkata, West Bengal, India |
| VRMS Developers and Resorts Private Limited | ₹50.99 Lakh (FY 2025) | •••• | •••• | 123.0% | •••• | North 24 Parganas, West Bengal, India |
| Kudhail Properties India Limited | ₹50.98 Lakh (FY 2025) | •••• | •••• | 17.0% | •••• | Punjab, India |
| Evernew Impex Private Limited | ₹50.98 Lakh (FY 2025) | •••• | •••• | -41.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Indiabulls by revenue in the BFSI industry (Builders and Developers, 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.
Board of Directors of Indiabulls Limited
Indiabulls has 8 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surina Rajan Also directs: Vishwas Vision for Health. Welfare and Special Needs | Director | 18 Aug 2025 | 1 Years 1 Months | Current |
| Divyesh Bharatkumar Shah Also directs: Indiabulls Securities Limited | Whole-Time Director | 31 Oct 2025 | 0 Years 11 Months | Current |
| Labh Singh Sitara | Director | 31 Oct 2025 | 0 Years 11 Months | Current |
| Rajinder Singh Nandal Also directs: Mackennas Minerals Private Limited | Director | 31 Oct 2025 | 0 Years 11 Months | Current |
| Praveen Kumar Tripathi Also directs: Religare Enterprises Limited, JBM Auto Limited, JBM Electric Vehicles Private Limited and 4 more | Director | 09 Apr 2025 | 1 Years 6 Months | Current |
| Prabhat Kumar Also directs: Servotech Renewable Power System Limited | Director | 31 Oct 2025 | 0 Years 11 Months | Current |
Charges & Borrowings of Indiabulls Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2025 | Hdfc Bank Limited | ₹23 Cr | Open |
| 10 Jul 2023 | Others | ₹68.94 Lakh | Open |
| 06 Jul 2023 | Others | ₹1.87 Cr | Open |
| 23 Jun 2022 | Idbi Trusteeship Services Limited | ₹488.54 Cr | Satisfied |
| 14 Aug 2018 | Others | ₹22 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Indiabulls Limited
Indiabulls Limited has 72 deals on record (71 market trades, 1 funding round), with disclosed funding of ₹372.78 Cr; the latest was in June 2026.
Deals on record (5 of 72)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Market trade | ₹1.4 Cr | Buyer: Varada Trading Private Limited |
| Dec 2022 | Market trade | ₹1.03 Cr | Buyer: Citadel Securities India Markets Private Limited Seller: Citadel Securities India Markets Private Limited |
| Sep 2022 | Market trade | ₹3.1 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Steadview Capital |
| Jan 2021 | Market trade | ₹4.76 Cr | Seller: Uno Metals Ltd |
| Oct 2018 | Market trade | ₹16.72 Cr | Seller: O3 Developers Private Limited |
Full deal history
All 72 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 Limited
Indiabulls Limited has 86 court cases on record: 60 filed by Indiabulls, 20 filed against it, 6 where it is another party. 16 cases are pending and 70 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 76 | 16 | 13 |
| High courts | 8 | 4 | 3 |
| NCLAT | 2 | 0 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Siteman Infracon LLP | Pending |
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by Shiprocket Limited | Disposed |
| District court, South, Delhi | Commercial suit | Filed against the company by Space Solutions Private Limited | Disposed |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by an individual | Pending |
Full case history
All 86 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 Limited
Indiabulls Limited has 10 MSME Form 1 returns on record between 2022 and 2023, listing 45 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avishkar Print Pack Private Limited | •••• | •••• | •••• |
| Brickredsys India Private Limited | •••• | •••• | •••• |
| Troupe Digital | •••• | •••• | •••• |
| Tarsan Mvas Private Limited | •••• | •••• | •••• |
| Baldor Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 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 Limited
Indiabulls operates one associated brand: Indiabulls Integrated Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development and advisory services are provided in India. | indiabullsintegratedservices.com |
Employees and EPFO Compliance at Indiabulls Limited
Employment history and EPFO contributions of people linked to Indiabulls.
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.
Name History of Indiabulls Limited
Indiabulls has undergone 6 name changes throughout its history. The current legal name is Indiabulls Limited.
| Company Name | Status |
|---|---|
| Indiabulls Limited | Current |
| Indiabulls Integrated Services Limited | Previous |
| Indiabulls Wholesale Services Limited | Previous |
| Yaari Digital Integrated Services Limited | Previous |
| Soril Holdings And Ventures Limited | Previous |
| Yaarii Digital Integrated Services Limited | Previous |
CIN History of Indiabulls Limited
Indiabulls has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L64200HR2007PLC077999, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L64200HR2007PLC077999 | Current |
| L51101HR2007PLC077999 | Previous |
| L51101DL2007PLC166209 | Previous |
| U51101DL2007PLC166209 | Previous |
News related to Indiabulls Limited
Recent Activity on Indiabulls Limited
Indiabulls Limited has 44 board changes on record since 2007: 10 appointments and 34 cessations. The latest: Divyesh Bharatkumar Shah ceased to be Additional Director on 27 Jan 2026.
44 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indiabulls 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 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 Limited
Indiabulls has 34 GST registrations: 31 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI7129N1CL | Haryana | Active | 30 Sep 2021 |
| 06AABCI7129N2Z9 | Haryana | Active | 20 Mar 2024 |
| 24AABCI7129N1ZC | Gujarat | Active | 01 Jul 2017 |
| 27AABCI7129N1Z6 | Maharashtra | Active | 01 Jul 2017 |
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 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 Limited
Indiabulls is an active public limited company based in Gurgaon, Haryana, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 24 July 2007 (19+ years old) and is registered under CIN L64200HR2007PLC077999. Listed on BSE: 533520.
Indiabulls reported revenue of ₹833.38 Cr for FY 2025-26 based on consolidated financials.
Indiabulls has 8 current directors:
- Divyesh Bharatkumar Shah - Whole-Time Director
- Gurbans Singh - Whole-Time Director
- Kubeir Khera - Whole-Time Director
- Surina Rajan - Director
- Labh Singh Sitara - Director
- Rajinder Singh Nandal - Director
- Praveen Kumar Tripathi - Director
- Prabhat Kumar - Director
The GSTIN of Indiabulls is 06AABCI7129N1CL, registered in Haryana. The company has 34 GST registrations in all, of which 31 are active and 3 are cancelled or inactive. Other active GSTINs include 06AABCI7129N2Z9 (Haryana), 24AABCI7129N1ZC (Gujarat), 27AABCI7129N1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Indiabulls is L64200HR2007PLC077999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indiabulls is listed on BSE with code 533520.
Indiabulls has 86 court cases on record: 60 filed by the company and 20 filed against it. 16 are pending. Most are in the district courts.
Indiabulls was incorporated on 24 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Haryana.
Indiabulls has 72 deals on record (71 market trades, 1 funding round), with disclosed funding of ₹372.78 Cr; the latest was in June 2026.
The peers of Indiabulls by revenue are RK Fintech Private Limited, Suraj Jaiswal Build-Up Private Limited, Soham Buildcon & Retailers Private Limited, Balajee (India) Private Limited, Panau Rural Development Private Limited and 5 more, all in the BFSI industry (Builders and Developers, Other Financial Services).
Divyesh Bharatkumar Shah ceased to be Additional Director on 27 Jan 2026. Gurbans Singh ceased to be Additional Director on 27 Jan 2026. Labh Singh Sitara ceased to be Additional Director on 27 Jan 2026. Indiabulls has 44 board changes on record in total.
Indiabulls has 10 MSME Form 1 returns on record between 2022 and 2023, listing 45 overdue payments to 7 micro and small suppliers. The latest return was filed on 09 Jan 2024.