Indian Financial Services Conglomerate: Indiabulls

Indiabulls is a leading Indian conglomerate headquartered in Gurgaon, Haryana, known for its diverse business interests in financial services, real estate, pharmaceuticals, and more. Founded in January 2000, the company operates from its headquarters at Indiabulls House, Udyog Vihar, Gurgaon. Key figures include Chairman and Founder Sameer Gehlaut and Vice-Chairman & MD Abhishek Singh Chauhan. Their product offerings extend across financial services, real estate, construction equipment leasing, and LED lighting. The Indiabulls Group is organized into key divisions such as Indiabulls Housing Finance, Dhani Services, and Indiabulls Real Estate. More details can be found on their official website.

History

Indiabulls commenced its journey in 2000 as a stockbroking firm, Indiabulls Financial Services, co-founded by IIT Delhi alumni Sameer Gehlaut, Rajiv Rattan, and Saurabh Mittal. Over time, the company expanded into subsidiaries covering consumer finance, housing finance, and real estate sectors. In 2004, it went public on the stock exchange. Indiabulls Real Estate was spun off in 2006 and Indiabulls Securities followed in 2008. Fast forward to 2013, Indiabulls Financial Services merged with its subsidiary Indiabulls Housing Finance, emerging as the conglomerate's flagship entity. A notable restructuring occurred in 2014 when the promoters divided its operations; Sameer Gehlaut held onto Indiabulls Housing Finance, Indiabulls Real Estate, and several other divisions, while Rajiv Rattan and Saurabh Mittal acquired Indiabulls Power and Infrastructure, which were later rebranded under the RattanIndia name.

By 2017, Indiabulls Housing Finance had secured its position as the second-largest housing finance firm in India and joined the NIFTY 50 index. Nonetheless, it faced hurdles between 2018 and 2019 due to a credit market turmoil, the IL&FS debacle, financial allegations, and a failed merger with Lakshmi Vilas Bank. In 2020, Indiabulls signaled its exit from the real estate segment through a merger with Embassy Group entities, and Sameer Gehlaut resigned as chairman in the same year, relinquishing his promoter status by 2023. In a deal worth ₹175 crore, Groww acquired Indiabulls AMC in 2021, concluding their mutual funds business.

Listed Companies

Indiabulls' equity shares are actively traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Notable listed entities include Samman Capital (previously Indiabulls Housing Finance), Dhani Services (formerly known as Indiabulls Ventures or Indiabulls Securities), and Indiabulls Real Estate. Other arms of the conglomerate are Indiabulls Enterprises, which encompasses Indiabulls Store One, LED, and Pharmaceuticals, alongside Yaari Digital Integrated Services, originally Indiabulls Wholesale Services.