Company Overview

Nukleus Office Solutions Limited (CIN: L70101DL2019PLC355618, Scrip Code: 544370) is a co-working and managed office space provider offering flexible workspace solutions across Delhi NCR region. The company provides dedicated desks, private cabins, meeting rooms, innovative workspaces, startup zones, and virtual office services.

Operational Highlights

  • 6+ Years in Business with 25 total operational centers
  • 4,373 Total Seats comprising 17 coworking centres and 8 managed office centres
  • ~85% Occupancy rate across portfolio
  • 4+ Cities Presence including Delhi NCR and Bengaluru
  • ~7.39 Lakh Sq ft portfolio under management with ~3.06 Lakh Sq ft operational area
  • 12 Centers Added in FY26 expanding operational footprint

Financial Performance - H1 FY27

| Particulars | H1 FY 2026-27 (₹ Lakhs) | FY 2025-26 (₹ Lakhs) | YoY Change |

| Revenue from Operations | 2,299.19 | 1,691.49 | 35.93% |

| EBITDA | 412.32 | 409.38 | 0.69% |

| Profit Before Tax | 191.89 | 151.42 | 26.73% |

| Profit After Tax | 143.98 | 116.33 | 23.77% |

| Total Assets | 10,764.19 | 7,664.77 | 40.44% |

| Depreciation & Amortisation | 171.22 | 221.42 | (22.67%) |

Full Year Financial Performance

FY26 Performance:

  • Total Income: ₹3,619.41 Lakhs (FY25: ₹2,884.24 Lakhs, FY24: ₹1,716.41 Lakhs)
  • Revenue from Operations: ₹3,547.85 Lakhs
  • PAT: ₹213.53 Lakhs (FY25: ₹206.21 Lakhs, FY24: ₹119.72 Lakhs)
  • Equity Share Capital: ₹403.20 Lakhs (unchanged from FY25)
  • Net Worth: ₹4,140.52 Lakhs (FY25: ₹3,926.99 Lakhs)

Revenue Mix by Business Segment (FY26):

  • Managed Offices: ₹2,216.66 Lakhs (61.24% of total income)
  • Co-working space on Rent & Allied Services: ₹1,331.20 Lakhs (36.78%)
  • Other Income: ₹71.56 Lakhs (1.98%)

Expansion and Growth Plans

  • Pipeline of 10 upcoming centers representing approximately 4,549 additional seats
  • Recent expansions include First India Place in Gurugram and Okaya Centre in Noida
  • Focus on managed office solutions with capacities ranging from 50 to 500 seats
  • Strategic presence across key commercial hubs in Delhi NCR

Technology Initiatives

  • AI-Powered Voice Assistance for lead management and customer interaction
  • Client Mobile Application for integrated booking and service management
  • 360° Virtual Walkthrough for immersive workspace discovery
  • Smart Inventory Management with real-time operational visibility
  • Executive Information System (EIS) for integrated leadership monitoring
  • Real-Time Dashboards for operational visibility and standardized service delivery

Management Commentary

Mr. Nipun Gupta, Managing Director, stated: "During H1 FY27, Nukleus Office Solutions Limited continued to strengthen its business, recording a 33.86% YoY growth in Total Income to ₹2,317.25 Lakhs, compared with ₹1,731.06 Lakhs in H1 FY26. Profit After Tax increased by 23.77% to ₹143.98 Lakhs, reflecting the Company's continued business growth and focus on operational efficiency."

Key Properties and Infrastructure

Flagship Centers:

  • Sec-142, Noida: 95,085 sqft, 1,400 Seats
  • Logix Cyber Park, Sec-62, Noida: 28,717 sqft, 641 Seats
  • NSL, Sec-144, Noida: 44,000 Sqft, 800 Seats
  • Prestige Blue Chip Software Park, Bengaluru: 20,246 Sqft, 350+ Seats
  • Multiple other locations in CP Delhi, Gurugram, and Noida

Industry Context

  • India office stock expected to surpass 1 billion sq. ft. by 2026
  • GCCs leased 9.1 mn sq. ft. in Q1 2026, contributing 44% of total absorption
  • India Office Leasing reached record 82.6 Mn Sq. Ft. in CY2025
  • New office supply reached record 58.9 Mn sq. ft. in 2025, up 10% YoY

Corporate Governance

Key Personnel:

  • Mr. Nipun Gupta - Managing Director
  • Ms. Puja Gupta - Director
  • Mr. Ajai Kumar - Non-Executive Independent Director
  • Mr. Paresh Nath Sharma - Independent Director
  • Mr. Ajay Singhal - Chief Executive Officer
  • CA Praveen Jain - Chief Financial Officer
  • Mr. Abhimanyu Singh - Chief Business Officer
  • Mr. Vinay Rathore - Company Secretary & Compliance Officer (Membership No. 75848)