In middle of 1999, when e-commerce was just about starting in India, Sameer Gehlaut bought a defunct securities company with a NSE membership and started offering brokerage services. By December 1999, the company embarked on its journey to build one of the first online platforms in India for offering internet brokerage services. In January 2000, Indiabulls Financial Services was incorporated as the flagship company.

In mid 2000, Indiabulls Financial Services received venture capital funding from Mr L.N. Mittal & Mr Harish Fabiani. In late 2000, Indiabulls Securities, a subsidiary of Indiabulls Financial Services started offering online brokerage services and simultaneously opened physical offices across India. By 2003, Indiabulls securities had established a strong pan India presence and client base through its offices and on the internet.

In September 2004, Indiabulls Financial Services went public with an IPO at Rs 19 a share. In late 2004, Indiabulls Financial Services started its financing business with consumer loans. In March 2005, Indiabulls Properties Private Ltd, a subsidiary of Indiabulls Financial Services, participated in government auction of Jupiter Mills, a defunct 11 acre textile mill owned by NTC in Lower Parel, Mumbai. Indiabulls Properties private Ltd won the mill in auction and that purchase started Indiabulls real estate business. A few months later, Indiabulls Real Estate company pvt ltd bought Elphinstone mill in Lower Parel, another textile mill auctioned by NTC.

With real estate business gaining size, Indiabulls Financial Services demerged the real estate business under Indiabulls Real Estate and each shareholder of Indiabulls Financial Services received additional share of Indiabulls Real Estate through the demerger. Subsequently, Indiabulls Financial Services also demerged Indiabulls Securities and each shareholder of Indiabulls Financial Services also received a share of Indiabulls Securities.

Today, Indiabulls Group has a networth of Rs 13,394 crore & has a strong presence in important sectors like financial services & real estate through independently listed companies and Indiabulls Group continues its journey of building businesses with strong cash flows.


Sameer Gehlaut
Chairman, Indiabulls Group

Sameer Gehlaut has been the chairman of Indiabulls Group since inception. He is also the chairman of major Indiabulls companies: Indiabulls Housing Finance & Indiabulls Real Estate. Under his leadership, Indiabulls Group has grown in scale and size to a business house with strong businesses in various sectors.

Mr Gehlaut started Indiabulls Group after working briefly with Halliburton before returning to India. Mr Gehlaut received a B.Tech degree in Mechanical Engineering from Indian Institute of Technology, Delhi.


Indiabulls Group

  • Mr Ashok Kacker
    Group President

  • Mr Ashok Sharma
    Group CFO

  • Mr Ajit Mittal
    Group Director

  • Mr Nafees Ahmed
    Group CIO

Indiabulls Housing Finance Limited

  • Mr Gagan Banga
    Vice Chairman & MD

  • Mr Ashwini Kumar Hooda

Indiabulls Real Estate Limited

  • Mr Narendra Gehlaut
    Vice Chairman

  • Mr Gurbans Singh
    Joint MD

  • Mr. VK Jairath
    Joint MD

Indiabulls Securities Limited

  • Mr Divyesh Shah

  • Mr Vijay Babbar

in focus

Indiabulls supports Moneylife Foundation in Empowering Investors

"Moneylife Foundation" in collaboration with Indiabulls, recently organized an 'Investor, Empower Yourself' seminar, which was held at the lush Town & Country Club at New Gurgaon, in the National Capital Region (NCR), on Saturday, 7th May 2011. This was the first occasion for Moneylife Foundation to venture into other territories outside Maharashtra. Indiabulls played a major role in helping this event happen successfully.

The event witnessed over 300 attendees not only from Gurgaon but also from other parts of National Capital Region (NCR), Delhi, Allahabad, Ludhiana, Chandigarh & other cities from northern region of India. The venue was fully packed with eager & curious investors. "Moneylife Foundation" expressed its gratitude towards helpful team of Indiabulls led by Mr. Gagan Banga, CEO - Indiabulls Housing Finance Ltd, for making this event such a huge success.

The event started with introductory remarks & guidance by Mr. Gagan Banga, CEO - Indiabulls Housing Finance Ltd. Mr. Veeresh Malik, Consulting Editor, Moneylife, Delhi gave a brief introduction about Moneylife Foundation.Then audience was guided by Sucheta Dalal, Trustee - Moneylife Foundation and Managing Editor- Moneylife, on How to be Safe with your money & Debashis Basu, Trustee - Moneylife Foundation and Editor- Moneylife about How to be smart with your investments. Mr. Sachin Choudhary, Director & Business Head - Indiabulls Housing Finance Ltd, talked about Do's and Don’ts of Housing Mortgages. Ms. Sucheta Dalal also explained the importance & procedure of Wills & Nominations.

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