IndiQube Lands ₹75 Crore GCC Deal as Revenue Jumps 45% in Q3
IndiQube Spaces Limited has secured a major workspace leasing deal with a leading Global Capability Centre (GCC) in healthcare technology. The agreement, valued at around Rs 75 crore over five years, covers over 48,000 sq.ft. of premium office space in Bengaluru. The company also reported strong financial growth, with revenue rising 45% in the latest quarter. The newly signed lease involves a high-profile GCC specialising in healthcare technology. The client has committed to occupying a 48,000 sq.ft. Grade A workspace along Bengaluru's Outer Ring Road corridor. This deal follows a broader trend of increasing demand from GCCs, particularly in tech-driven sectors.
IndiQube's financial performance has also shown significant improvement. For Q3 FY26, the company recorded revenue of Rs 395 crore, a 45% year-on-year increase. Total income for the same period reached Rs 403 crore, while profit after tax stood at Rs 40 crore. Over the first nine months of FY26, revenue climbed to Rs 1,063 crore, with a profit after tax of Rs 95 crore. Meghna Agarwal, cofounder of IndiQube, noted that GCCs now make up nearly 40% of their portfolio. These clients prioritise well-located, high-quality workspaces in areas with strong talent pools. Rishi Das, the other cofounder, added that demand from healthcare technology GCCs is accelerating rapidly.
The five-year lease reinforces IndiQube's position in the flexible workspace market. Strong revenue growth and rising demand from GCCs highlight the company's expanding footprint. With healthcare technology firms driving leasing activity, the sector's momentum is expected to continue.
