Indiqube Spaces Limited (incorporated in 2015) provides managed, tech-enabled, and sustainable workplace solutions, transforming traditional offices into modern, flexible workspaces for businesses.

Operations & Presence
As of March 31, 2025, the company manages a portfolio of 115 centres across 15 cities in India, covering 8.40 million sq. ft. of super built-up area (SBA) with a total seating capacity of 186,719. This includes 105 operational centres and 10 centres under letters of intent. Between March 2023 and March 2025, they added 41 properties and expanded to five new cities.

The company operates in 7 Tier I cities (Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad) and 11 non-Tier I cities (Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada, and others).

Business Model & Strategy

Focuses on acquiring full buildings in high-demand areas, renovating them into modern, sustainable workspaces with low vacancy rates.

Provides plug-and-play offices with interiors, amenities, and eco-friendly upgrades.

As of March 31, 2025, 25.22% of the portfolio is renovated.

Implements an “enterprise-first” strategy, serving large clients with scalable long-term workspaces.

Offerings

IndiQube Grow: Customized enterprise workspaces and co-working solutions with shared amenities, flexible bookings, meeting rooms, day passes, and virtual offices.

IndiQube Bespoke: Fully customizable office designs with standard, premium, and luxury options, including sustainable solutions, in-house design, project management, and maintenance.

IndiQube One: Technology-enabled property and facility management services, including asset management, IT solutions, maintenance, employee services, and green initiatives aligned with ISO certifications.

MiQube™ Workplace Technology Stack: Digital platform for workspace efficiency and engagement, allowing employees to book rooms, desks, transport, meals, helpdesk services, and participate in community events.

Team
As of March 31, 2025, Indiqube Spaces employs 625 permanent employees.

Competitive Strengths

Leading player in India’s large and growing flexible workspace market.

Strategic acquisition approach focusing on value creation and high-demand locations.

Capital-efficient business model with strong operational metrics and risk mitigation.

Experienced leadership supported by a prominent investor base.

Commitment to green buildings and sustainability.