Exhicon Events Media Solutions, one of India’s largest indoor exhibition venue operators, reported consolidated revenue of Rs 205.46 crore for FY 2025-26, a 40.25% year-on-year increase, while expanding its venue portfolio to represent roughly 25% of India’s total operational indoor exhibition capacity. The results, announced September 28, 2026, highlight how India’s MICE and exhibitions industry is scaling venue capacity even as event volumes and exhibitor participation grow nationwide.
Revenue from operations rose 41.24% to Rs 202.70 crore, while profit after tax climbed 49.54% to Rs 45.24 crore and profit attributable to shareholders grew 56.54% to Rs 40.70 crore. The company’s net worth expanded 72.52% to Rs 212.25 crore, total assets grew 85.34% to Rs 264.26 crore, and cash and bank balances rose 144.39% to Rs 28.57 crore, alongside a 37.4% year-on-year increase in earnings per share.
How Big Is Exhicon’s Exhibition Venue Footprint in India?
Exhicon’s venue portfolio now spans approximately 1,25,000 square metres across India, with key properties in Pune, Mohali, Greater Noida, Indore, Nashik, Ayodhya and Delhi-NCR. Over FY26, the company executed more than 38 major exhibitions, facilitating 1.5 million B2B visitors and engaging over 9,000 exhibitors. M Q Syed, Chairman and Managing Director of Exhicon, said “FY 2025-26 has been a defining year for Exhicon. Our development pipeline now represents roughly 25% of India’s total operational indoor exhibition capacity.”
What Does This Mean for India’s MICE and Exhibitions Sector?
A single operator controlling a quarter of the country’s indoor exhibition capacity signals meaningful consolidation in a sector that, until recently, was fragmented across city-specific venue operators and government-run convention centres. For event organizers and exhibitors, that consolidation could mean more standardized venue quality and booking processes across cities, but it also raises questions about pricing power as fewer large operators control a bigger share of available exhibition space in tier-1 and tier-2 markets.
Industry Reaction and Expert Commentary
The near-universal growth across Exhicon’s financial metrics, from a 72.52% jump in net worth to an 85.34% rise in total assets, points to aggressive reinvestment of profits into new venue capacity rather than distribution to shareholders, consistent with a company in active expansion mode. The scale of B2B visitor footfall, 1.5 million across 38-plus exhibitions in a single year, also underscores how India’s exhibition industry has moved well past pandemic-era disruption and is now operating at a volume that supports continued private capital investment in dedicated venue infrastructure.
The 144.39% jump in cash and bank balances is particularly notable for a capital-intensive venue-operation business, suggesting Exhicon generated strong operating cash flow even while funding new venue additions in cities like Ayodhya and Nashik. For an industry still often associated with government-built convention centres such as Bharat Mandapam and Yashobhoomi in Delhi, a privately run operator posting this kind of balance-sheet growth adds a data point to the argument that India’s exhibition real estate can be commercially self-sustaining at scale.
What Happens Next?
Exhicon’s next milestones to watch include whether it sustains its current expansion pace into FY27 and how its addition of newer markets like Ayodhya, alongside established hubs like Pune and Greater Noida, performs in terms of exhibitor and visitor volumes. With roughly a quarter of India’s indoor exhibition capacity now under one operator, industry watchers will also track whether competitors accelerate their own venue development to keep pace, and whether Exhicon discloses further city-level expansion plans in its upcoming investor communications.
Frequently Asked Questions
How much revenue did Exhicon Events report for FY26?
Exhicon Events Media Solutions reported consolidated revenue of Rs 205.46 crore for FY 2025-26, up 40.25% year-on-year, with profit after tax rising 49.54% to Rs 45.24 crore.
How much of India’s exhibition capacity does Exhicon control?
According to Chairman and Managing Director M Q Syed, Exhicon’s development pipeline represents roughly 25% of India’s total operational indoor exhibition capacity, spanning about 1,25,000 square metres across cities including Pune, Mohali, Greater Noida, Indore, Nashik, Ayodhya and Delhi-NCR.
How many exhibitions and visitors did Exhicon handle in FY26?
The company executed more than 38 major exhibitions in FY26, facilitating 1.5 million B2B visitors and engaging over 9,000 exhibitors across its venue network.
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