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 and NSE: IBULLSLTD.
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 90 cases involving the company, including 61 filed by the company and 29 filed against it; 17 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. 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.
Company details
Name history
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
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 |
Contact details
Indiabulls Limited's registered office is in Gurgaon, Haryana.
- 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
Brands
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 |
Business activity
The main business activity of Indiabulls is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Indiabulls Limited
FY 2025-26 filings availableIndiabulls 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 | 194 | 110 | (11.92) | (11.31) | (487) | 841 | (218) |
| Cash from investing | 58.70 | 67.94 | 0.01 | 223 | 328 | 179 | (499) |
| Cash from financing | (216) | (85.63) | 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 | (58.32) | (136) | (2.13) | (5.11) | (654) | 443 | (14.64) |
| Cash from investing | (231) | (32.45) | 0.05 | 222 | 433 | (831) | (204) |
| Cash from financing | 284 | 186 | 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 | 299 | 207 | 0.31 | 0.92 | 3.13 | 10.35 | 10.85 |
| Net cash from operating activities | 194 | 110 | (11.92) | (11.31) | (487) | 841 | (218) |
| Net cash from investing activities | 58.70 | 67.94 | 0.01 | 223 | 328 | 179 | (499) |
| Net cash from financing activities | (216) | (85.63) | 11.75 | (212) | 157 | (1,004) | 717 |
| Net change in cash | 36.78 | 92.50 | (0.16) | (0.61) | (2.21) | 16.09 | (0.50) |
| Closing cash | 336 | 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 | 27.11 | 9.17 | 0.16 | 0.58 | 2.20 | 0.72 | 0.33 |
| Net cash from operating activities | (58.32) | (136) | (2.13) | (5.11) | (654) | 443 | (14.64) |
| Net cash from investing activities | (231) | (32.45) | 0.05 | 222 | 433 | (831) | (204) |
| Net cash from financing activities | 284 | 186 | 2.02 | (218) | 219 | 389 | 219 |
| Net change in cash | (5.67) | 17.94 | (0.06) | (0.42) | (1.62) | 1.48 | 0.39 |
| Closing cash | 21.44 | 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 |
To see the full year-wise statements and ratios of Indiabulls Limited, buy 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 2 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2025 | 101105030 | Hdfc Bank Limited | ₹23 Cr | Open | |
| 10 Jul 2023 | 100750904 | Others | ₹68.94 Lakh | Open | |
| 06 Jul 2023 | 100750898 | Others | ₹1.87 Cr | Open | |
| 23 Jun 2022 | 100602594 | Idbi Trusteeship Services Limited | ₹488.54 Cr | Satisfied | |
| 14 Aug 2018 | 100207847 | Others | ₹22 Cr | Satisfied |
To see the full charge records of Indiabulls Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
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 |
To see the full deal history of Indiabulls 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
Indiabulls Limited has 90 court cases on record: 61 filed by Indiabulls, 29 filed against it. 17 cases are pending and 73 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 77 | 20 | 14 |
| High courts | 8 | 7 | 3 |
| NCLT | 3 | 2 | 0 |
| NCLAT | 2 | 0 | 0 |
Cases on record (5 of 90)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against M/S. Siteman Infracon LLP Through Its Partners | Pending |
| District court, Gurugram, Haryana | Court case (CS37) | Filed against the company by Osram Lighting Pvt Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Palihill Mercantile Company Private Limited | Pending |
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by Bigfoot Retail Solutions Pvt Ltd | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Gupshup Technology India Private Limited | Disposed |
To see the full case history of Indiabulls 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
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 |
To see the full MSME payment records of Indiabulls Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
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 |
To see the full GST registrations and return filing status of Indiabulls Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 and NSE: IBULLSLTD.
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 latest financial statements of Indiabulls 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 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 both BSE (code: 533520) and NSE (symbol: IBULLSLTD).
Indiabulls has 90 court cases on record: 61 filed by the company and 29 filed against it. 17 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.
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.