NUKLEUS OFFICE SOLUTIONS LIMIT

Operates co-working and managed office workspace centres, primarily in Delhi NCR and Bengaluru, and is actively expanding with new leases signed across Noida, Gurugram and Delhi. As of FY26 the company ran 25 centres spanning about 7.39 lakh sq ft under management, with roughly 3.06 lakh sq ft operational at around 85% occupancy. FY26 revenue from operations stood at ₹35.4785 crore (up 23.6% YoY) with total income of ₹36.19 crore, EBITDA of ₹9.17 crore (up 38.1% YoY) and PAT of ₹2.14 crore. The revenue mix is shifting from co-working toward managed offices — in the revised FY26 disclosure managed offices contributed 61.24% and co-working 36.78%, and management has said managed office is growing 30-40% annually versus co-working at roughly 10%. Operating costs are dominated by materials and fit-out at 52.1% of revenue, plus employee costs (10.0%) and other operating expenses (14.1%), while capex of ₹27.04 crore (76.2% of revenue) reflects heavy investment in new centres. The company is targeting more than 10 lakh sq ft operational by FY27 year-end, expansion into Pune and Hyderabad, and a 70% managed / 30% co-working mix within 3-4 years.