India’s largest investor, developer, and manager
of industrial and logistics real estate

Spread across
Operational parks
2,100+ acres
Land bank
USD 2.1 Billion
In assets under management
52 Million sq. ft
Size of portfolio
Highlights of the year
A year of widening

Throughout the year, we stayed true to our purpose and made progress on our strategic priorities.

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Average employee training hours
of our total workforce is women
Injury cases
INR 14.6 Mn
spent on CSR activities
Chakan Sustainable waste management programme reached-out to households in Bhamboli & Mahalunge Ingale villages, and
commercial establishments
Net promotor score
1st Indian Company
to have achieved Green Warehousingand Logistics Platinum Certification by IGBC for five parks
38 warehouses
EDGE certified
36 warehouses
EDGE Advanced certified
Green Champion Award
for being a ‘Pioneer in large-scale adoption of Green Logistics Park in India’ by IGBC
7.23 MWp
rooftop solar installations in progress
USD 74.4 Mn
Total Gross Revenue
USD 15.4 Mn
Total Taxes Paid
Zero breaches
of our code of conduct
Zero breaches
of anti-bribery and anti-corruption policies
5 training sessions
held on anti-bribery, anti-corruption programme
Message from the VC & CEO
Emerging as a
partner of

Rajesh Jaggi


Brian Oravec


Dear readers,

We hope this message finds you well. It’s been 15 years since we have embarked on this journey and have since emerged as India’s largest investor, developer, and manager of industrial and logistics real estate. This is a matter of great pride to us. Despite the year beginning on a challenging note, with uncertainty looming around, we delivered and fulfilled our stakeholder expectations, creating lasting value for all. We are pleased to present to you our third Sustainability Report for FY22, which details our sustainability performance across our business operations.

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Awards and recognitions

Firm of the Year

For the third year in a row –
PERE 2021 Awards

Best Industrial and Warehouse Developer in India

For the fifth year in a
row – Euromoney 2021

Quality Excellence in Safety and Environmental Sustainability

10th Manufacturing Supply
Chain Leadership Awards

IGBC Green Champion

For being a Pioneer in Large Scale Adoption of Green Logistics Parks in India

IGBC Platinum Certifications

For five parks across Delhi NCR, Pune and Chennai

Best Industrial/ Warehousing Project: IndoSpace Chakan I

By The Economic Times Real Estate Awards 2022 – West

EDGE and Advanced EDGE Certifications

Over 10.47 Mn sq ft of IndoSpace Parks

IFC EDGE Champion

For our work in Green Building Certification

Ambitions and progress
Sights set on
sustainable progress

Our long-term ESG goals represent our annual sustainability targets that we want to achieve, the values we want to inculcate in the organisational DNA and also the workplace standards we want to uphold. These goals, which are in alignment to the UN SDGs give us direction on the operating strengths we want to build. Substantial progress was made towards achieving them and more work is currently underway to ensure their successful completion.

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2025 Goals


100% Sustainable Building Certification

20 MWp Solar power installation

100% efficient lighting/LED lighting

3% GHG-emission reduction

(Target will be reassessed as the Company is undergoing emission inventorisation across Scope 1,2, and 3 emissions. Targets will be updated and aligned to SBTi and the Paris Agreement in the near future)


Zero cases of serious workrelated injuries*

*Serious injury: An injury that creates a significant risk of death or a prolonged impairment of health.


100% Employee ethics training annually


Being protective of our natural environment


Being protective of our natural environment

The preservation of our planet is a significant priority at IndoSpace. We believe that one of the ways to shape a more sustainable world is through leveraging technological solutions for a better and faster transition into a low-carbon and responsible world.


We seek to minimise our environmental footprint through

  • Sustainable Building Certifications for all our developments
  • Adoption of renewable energy and contribute to GHG emission reductions and climate change
  • Identification and implementation of resource efficiency projects
  • Protection of local biodiversity and environment in which we operate
  • Environmental aspect and impact identification and mitigation, developing Standard Operating Procedures to address environment aspects
  • Training and capacity building on material environmental topics
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Fostering an engaging and empathetic work culture


Fostering an engaging and empathetic work culture

Our people are central to our business. We acknowledge the many ways in which our employees enrich our outcomes, giving us new perspectives, driving the business forward with energy and enthusiasm, helping us get more deeply entrenched with the task of creating a better society and better value.


Promote health, safety and wellbeing for our employees, tenants, business partners and communities through

  • Stakeholder engagement
  • Equal opportunities
  • Diversity and Inclusion initiatives
  • Protection of human rights, zero tolerance to child and forced labour
  • Talent attraction and human capital development initiatives
  • Hazard identification, risk analysis and control, developing standard operating procedures to address health, safety, and social aspects
  • Awareness and training programmes addressing health, safety, and wellbeing
  • Need based community development projects
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Integrity at
every level


Integrity at every level

Integrity and transparency form the crux of a responsible business. Our core leadership team oversees and maintains the highest standards of governance, which is critical for us to deliver on our short-, medium- and long-term operational and strategic priorities.


Enhance governance and transparency through the following

  • Adoption and implementation of responsible investment practices
  • Aligning with best-in-class ESG reporting standards
  • Anti-bribery and corruption programme supported by various policies
  • Conducting business activities in compliance with all applicable legal and regulatory requirements
  • Continued emphasis on POSH and ethics trainings
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Stakeholder engagement
Bringing meaningful
engagement to life

At IndoSpace, we work closely with our internal and external stakeholders to understand diverse perspectives and expectations, foresee emerging risks and identify opportunities

Staying cognisant of
issues that matter

Any issue that has the potential to impact our business in a positive or negative manner is considered material to us.