Indialbulls

Indiabulls Group has a net worth of over ₹ 22,608 crore and the market capitalization stands at over ₹ 75,838 crore (As on 31st March 2018). Indiabulls Housing Finance Ltd. (IBHFL), the group’s flagship company is the 2nd largest housing finance company in India. It is Rated ‘AAA’ by all credit agencies and is a part of the NIFTY50 index.

Recently it has been ranked the 13th largest Consumer Financial Services company globally by Forbes Global 2000. Indiabulls Group has a strong presence in important sectors like financial services, real estate, pharmaceuticals & LED through independent companies. The group continues its journey of building businesses with strong cash flows.

milestone

  • Sameer Gehlaut started the 1st online platform by brokerage service
  • Indiabulls Financial Services was established as the flagship company
  • Indiabulls Securities started offering brokerage services both online and offline
  • Indiabulls Financial Services went public
  • Raised 52 Crores through IPO
  • IBFSL started its lending business
  • Indiabulls Properties Pvt. Ltd was established
  • Won the auction on a defunct 11/14 acres mill in Lower Parel
  • IBFSL was rated AA+
  • IBFSL Loan Assets crossed over 10000 Cr
  • IBFSL rating upgraded to AA
  • IBFSL crossed 20000 Cr
  • IBREL purchased Indiabulls BluLand
  • Group PAT crosses 1000 Cr
  • IBFSL rated as AA+
  • IBFSL crossed 30000 Cr
  • IBFSL demerged into IBHFL
  • Group PAT crossed 1500 Cr
  • Net Worth was more than 19500 Cr
  • Group PAT crossed 2300 Cr
  • IBHFL upgraded to AAA
  • IBHFL Gross disbursements crossed 1,00,000 Cr
  • Gross dividend crossed 5600 Cr
  • Net Worth was more than 19800 Cr
  • Group PAT crossed 2700 Cr
  • IBHFL raised 4000 Cr through QIP
  • Group PAT crossed 3355 Cr
  • IBHFL included in NIFTY50
  • IBHFL Balance Sheet crosses over Rs. 1.07 Trillion
  • IBHFL – servicing 1 million happy customers
  • IBHFL ranked as the 13th largest consumer financial services globally by Forbes 2000 global.

key milestones

  • ibhfl

    • 2nd largest housing finance company
    • Part of the Nifty50 index
    • AAA rated by Credit Agencies
    • Servicing over 1 million customers
    • 13th largest consumer finance company worldwide by Forbes Global 2000
  • ibrel

    • 3rd largest real estate company by net worth and assets
    • Delivered a record 4.7 million sq ft developed space
    • Credit rating of AA-, highest amongst Indian real estate developers
  • ivl

    • Fee based wealth management platform
    • Rated BQ1 by CRISIL - highest for any brokerage in India
    • Servicing over 7 lakh clients

founder & chairman

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Sameer Gehlaut

chairman, indiabulls group

Sameer Gehlaut, the founder of Indiabulls Group, started the Indiabulls journey after working briefly with Halliburton. Under his leadership, the Indiabulls Group has grown in scale and size to a flourishing business house with strong presence in various sectors.

With an educational background in Mechanical Engineering from IIT Delhi, he is constantly motivated to innovate through his businesses and contribute to the future of Modern India.

board of directors

  • Mr. Sameer Gehlaut

    Founder & Executive Chairman

    Sameer Gehlaut, aged 43 years, is the Founder & Executive Chairman (Additional) of our Company. He holds a bachelors’ degree in mechanical engineering from the Indian Institute of Technology, Delhi. He has over 16 years of experience in real estate and finance.

  • Mr. Gagan Banga

    Vice Chairman & MD

    Mr. Gagan Banga, holds a Post graduate diploma in management from Goa Institute of Management and has 15 years of industry experience in the field of non-banking financial companies / housing finance companies. He has been in the financial segment of Indiabulls Group for more than 14 years and was one of the founding members of the lending business.

    Gagan has been instrumental in growing the company to one of the largest HFCs in the country. Under Gagan’s leadership the company today is a lender of considerable size, repute and presence in asset classes such as Home Loans, loans against home for small businesses and Corporate Loans.

  • Mr. ashwini omprakash kumar

    Deputy Managing Director

    Mr. Ashwini Omprakash Kumar has more than 15 years’ experience in Retail Mortgage Finance and Corporate Lending to the Real Estate sector. Prior to joining Indiabulls, he worked with HDFC Ltd. for over 10 years leading the Corporate Mortgage Business. He is a Mechanical Engineer from Indian Institute of Technology, Roorkee and a Master in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai.

    He has also completed his advanced Studies in International Housing Finance from Wharton School, University of Pennsylvania, U.S.A. Furthermore Ashwini also has over 10 years of academia experience and is a Visiting Professor of Finance at Jamnalal Bajaj Institute of Management Studies, Mumbai.

  • Mr. Ajit Kumar Mittal

    Executive Director

    Mr. Ajit Kumar Mittal has rich and varied experience by virtue of his close involvement with the growth and evolution of India’s financial sector. A Masters of Arts in Economics from Kurukshetra University and a Master of Science in Business Administration with Academic Excellence from University of Illinois, U.S.A., Mr. Mittal worked for more than twenty years at the Reserve Bank of India (RBI) in middle and senior management positions and has been at the forefront of macroeconomic and financial sector issues.

    As General Manager of the Banking Supervision in RBI, he was responsible for monitoring and surveillance of country’s banking system for five years. Mr. Mittal was closely involved in coordination with various financial markets, e.g. debt, money, forex and capital market. Mr. Mittal also worked as Financial Sector Advisor to Qatar Central Bank during the 2006-07.

    From September 2007 till now, Mr. Mittal has been working as a Director with Indiabulls flagship company in the financial services segment. Mr. Mittal is responsible for risk management, regulatory, governance and compliance issues in the financial services business, besides being involved in the overall business strategy. He has been instrumental in expanding Indiabulls’ international footprint by setting up group’s real estate and home loan businesses in the GCC & UK.

  • Mr. Sachin Chaudhary

    Chief Operating Officer & Whole-time Director

    Mr. Sachin Chaudhary is the Executive Director of Indiabulls Housing Finance Limited. Having Joined in 2006, he has been instrumental in transforming Indiabulls Housing Finance into a leading housing finance company.

    Mr. Chaudhary’ has more than 19 years of experience working with leading banks, NBFCs and housing finance companies. Prior to joining Indiabulls Housing Finance, he has worked at leadership positions for GE Money and ICICI Bank notably.

    He is an alumnus of the Centre for Management Development and holds an Executive MBA from Columbia Business School.

  • Mr. Majari Ashok Kacker

    Director

    Mrs. Manjari Ashok Kacker was a member of Indian Revenue Services and retired as a Member of Central Board of Direct Taxes (CBDT), in the rank of Special Secretary to the Government of India. During her long association with the Government she held important senior positions both in several Executive capacities as well as in policy formation roles.

    She possesses long and varied experience in several fields like administration, assessment of corporate and large Industrial houses, representing Government cases before the Tax Tribunal, Governmental establishment matters in coordination with allied agencies at the highest level, tax arbitration and settlement, all aspects of court craft etc.

    Mrs. Kacker is presently a Government nominated Independent Director on the Board of Life Insurance Corporation of India (LIC). Mrs. Kacker holds a Master’s Degree in Chemistry from University of Kanpur and joined Indian Revenue Services in 1974. She also holds a Diploma in Business Administration (JBIMS).

  • Justice Gyan Sudha Misra

    Independent Director

    Justice Gyan Sudha Misra is a retired Judge of Supreme Court of India. Before her elevation to Supreme Court of India, she was the Chief Justice of Jharkhand High Court, prior to which she has also served as a Judge of Patna High Court and of Rajasthan High Court. Before joining the Judiciary, she practiced law for around 21 years in the Supreme Court of India specializing in civil, criminal & constitutional matters.

    She was also actively associated with the activities of the lawyers and the legal profession and served as a Treasurer, Joint Secretary, and Member Executive Committee of the Supreme Court Bar Association, several times. Justice Misra holds Graduate Degree in Law and Post Graduate Degree in Political Science from the Patna University.

    Justice Misra does not hold any share in the Company and she is not related to any other director of the Company.

  • Justice Bisheshwar Prasad Singh

    Independent Director

    Justice Bisheshwar Prasad Singh is a retired Judge of Supreme Court of India. Before his elevation to Supreme Court of India, he was the Chief Justice of Bombay High Court, and prior to which he has also served as a Judge of Patna High Court and of Karnatka High Court.

    Before joining the Judiciary, he practiced law for around 24 years in the Supreme Court of India specializing in civil, criminal & constitutional matters. Justice Singh is an honors graduate from Delhi University and also holds Bachelor of Laws Degree from the Delhi University.

  • Dr. Kamlesh Chakrabarty

    Independent Director

    Dr. K.C. Chakrabarty, a seasoned and accomplished banker with a distinguished career spanning more than three decades during which he handled a wide range of subjects pertaining to commercial banks in various high level capacities culminating as the Deputy Governor of Reserve Bank of India, from where he finally demitted his office in April, 2014.

    Dr. Chakrabarty’s assignments at Reserve Bank of India included guiding and overseeing the areas pertaining to Supervision of Banks, Currency Management, Financial Stability, Customer Service, Rural Credit and Human Resource Management. He was the Bank’s nominee on the Financial Stability Board.

    During his illustrious career spanning over 30 years with various banks, Dr. Chakrabarty handled diverse portfolios like banking operations and administration, planning, economic research, investment banking, integrated treasury operations, risk management and corporate accounts, international banking, global syndication, etc.

  • Mr. Shamsher Singh Ahlawat

    Independent Director

    Mr. Shamsher Singh Ahlawat, an Ex-banker, retired at a senior managerial position from State Bank of India. He has over 20 years of rich and varied experience at different senior level positions with the Bank in the areas of Commercial Banking, Merchant Banking and Credit Division. Mr. Ahlawat holds a post graduate degree in history from St. Stephens College, New Delhi.

  • Mr. Prem Prakash Mirdha

    Independent Director

    Mr. Prem Prakash Mirdha is an Industrialist with interests in the cement business. He has over 20 years of rich and varied experience in the areas of administration, finance, regulatory and projects execution. Prior to this, he had a long stint of 11 years with the merchant navy.

  • Brig. Labh Singh Sitara

    Independent Director

    Labh Singh Sitara, aged 78 years, is an Independent Director on our Board. He holds a bachelor’s degree in economics from the Punjab University. He has previously served in the Indian army and has been awarded with Dhyan Chand Award for lifetime achievement in games and sports by Ministry of Youth Affairs and Sports in the year 2004.

    He has won medals in the Asian Games in the year 1966 and 1970, respectively and currently officiates as an honorary advisor to the Sports Department of the Government of Punjab and as a member of the planning committee of the Athletics Federation of India.

board of directors

  • Mr. Sameer Gehlaut

    Founder & Chairman

    Sameer Gehlaut, aged 43 years, is the Chairman and Non-executive Director (Additional) of our Company. He holds a bachelors’ degree in mechanical engineering from the Indian Institute of Technology, Delhi. He has over 16 years of experience in real estate and finance.

  • Mr. Narendra Gehlaut

    Executive Vice Chairman

    Mr. Narendra Gehlaut, our Vice-Chairman, has years of leadership experience in the construction industry and the Indian real estate market. Prior to his joining Indiabulls, he had set up, owned and operated a successful mining and excavation company in India.

    Mr. Gehlaut is a graduate in electrical engineering from Delhi College of Engineering and also a law graduate from University of Delhi.

  • Mr. Gurbans Singh

    Joint MD

    Mr. Gurbans Singh was a member of Indian Revenue Services (Customs & Central Excise) and served as a Commissioner of Customs, Delhi. He has over 22 years of varied experience at different senior level positions with the Government of India in the areas of customs, central excise and service tax.

    Mr. Singh is a gold medalist post graduate in Economics from Punjab University, Chandigarh. He was a recipient of Nehru Centenary Fellowship in the year 1993-94 and during this period, he took M.Sc. in Fiscal Studies from University of Bath, U.K.

  • Mr. Vishal Damani

    Joint MD

    Mr. Vishal Damani has over 17 years of domestic and international experience (USA, UK and India). After joining Indiabulls in 2008, he became known as a leader who could span a breadth of functions, and adapt quickly to changing business environment. During his long association with Indiabulls, he has lead various functions – Planning & Design, Project Planning & Execution, Procurement & Contracts for the company.

    He has grown within the company from the grass-roots level, and effected transformational changes to meet the organization objectives. Prior to joining Indiabulls group, he worked for leading Fortune 500 company in IL, USA. Mr. Damani graduated with a Bachelor of Engineering from MIT, Pune, and an MBA from University of Illinois at Urbana-Champaign, USA.

  • Justice Gyan Sudha Misra

    Independent Director

    Justice Gyan Sudha Misra is a retired Judge of Supreme Court of India. Before her elevation to Supreme Court of India, she was the Chief Justice of Jharkhand High Court, prior to which she has also served as a Judge of Patna High Court and of Rajasthan High Court. Before joining the Judiciary, she practiced law for around 21 years in the Supreme Court of India specializing in civil, criminal & constitutional matters.

    She was also actively associated with the activities of the lawyers and the legal profession and served as a Treasurer, Joint Secretary, and Member Executive Committee of the Supreme Court Bar Association, several times. Justice Misra holds Graduate Degree in Law and Post Graduate Degree in Political Science from the Patna University. Justice Misra does not hold any share in the Company and she is not related to any other director of the Company.

  • Justice Bisheshwar Prasad Singh

    Independent Director

    Justice Bisheshwar Prasad Singh is a retired Judge of Supreme Court of India. Before his elevation to Supreme Court of India, he was the Chief Justice of Bombay High Court, and prior to which he has also served as a Judge of Patna High Court and of Karnatka High Court.

    Before joining the Judiciary, he practiced law for around 24 years in the Supreme Court of India specializing in civil, criminal & constitutional matters. Justice Singh is an honors graduate from Delhi University and also holds Bachelor of Laws Degree from the Delhi University.

  • Mr. Shamsher Singh Ahlawat

    Independent Director

    Mr. Shamsher Singh Ahlawat, an Ex-banker, retired at a senior managerial position from State Bank of India. He has over 20 years of rich and varied experience at different senior level positions with the Bank in the areas of Commercial Banking, Merchant Banking and Credit Division. Mr. Ahlawat holds a post graduate degree in history from St. Stephens College, New Delhi.

  • Brig. Labh Singh Sitara

    Independent Director

    Labh Singh Sitara, aged 78 years, is an Independent Director on our Board. He holds a bachelor’s degree in economics from the Punjab University. He has previously served in the Indian army and has been awarded with Dhyan Chand Award for lifetime achievement in games and sports by Ministry of Youth Affairs and Sports in the year 2004.

    He has won medals in the Asian Games in the year 1966 and 1970, respectively and currently officiates as an honorary advisor to the Sports Department of the Government of Punjab and as a member of the planning committee of the Athletics Federation of India.

board of directors

  • Mr. Sameer Gehlaut

    Founder & Chairman

    Sameer Gehlaut, aged 43 years, is the Chairman and Non-executive Director (Additional) of our Company. He holds a bachelors’ degree in mechanical engineering from the Indian Institute of Technology, Delhi. He has over 16 years of experience in real estate and finance.

  • Mr. Gagan Banga

    Non-Executive Director

    Gagan Banga, aged 42 years, is a Non-executive Director (Additional) of our Company. He holds a postgraduate diploma in management from Goa Institute of Management. He has over 18 years of experience in the business of NBFCs and HFCs. He has been named amongst most valuable chief executive officer by BW Businessworld.

  • Mr. Divyesh Shah

    Executive Director & CEO

    Mr.Divyesh Shah has 20 + years of Industry Experience and by virtue of his close association with Indiabulls since inception, he helped the company emerge as a leading financial services player. He has played a leading part in transforming Indiabulls Ventures Ltd into an integrated financial power house.

    It was his vision and dynamism combined with his leadership qualities that the company is today on the threshold of making its mark in the Consumer Lending and Asset Reconstruction space via its wholly owned subsidiaries.

  • Mrs. Vijayalakshmi Rajaram Iyer

    Independent Director

    Vijayalakshmi Rajaram Iyer, aged 62 years, is an Independent Director (Additional) of our Company. She holds a masters’ degree in commerce from Sydenham College of Commerce, Mumbai. She has 42 years of experience in the banking industry.

    Before joining our Company, she was a member of Finance and Investment and Enforcement Department of Insurance Regulatory and Development Authority of India, and was also the chairperson and managing director of Bank of India till May, 2015.

  • Mr. Shyam Lal Bansal

    Independent Director

    Shyam Lal Bansal, aged 63 years, is an Independent Director (Additional) of our Company. He holds a masters’ degree in commerce from University of Delhi, and is a certified associate of the Indian Institute of Bankers.

    He has 41 years of experience in the banking industry. He has been associated with Union Bank of India, United Bank of India and Oriental Bank of Commerce. He was the chairman and managing director of Oriental Bank of Commerce till September 30, 2014.

  • Mr. Alok Kumar Misra

    Independent Director

    Alok Kumar Misra, aged 65 years, is an Independent Director (Additional) of our Company. He holds a masters’ degree in statistics from University of Lucknow, a post graduate diploma in personnel management from Delhi University and a diploma in management from Indira Gandhi National Open University.

    He is an associate of the Indian Institute of Bankers. He has 43 years of experience in the banking industry. He has been associated as general manager with Bank of India, managing director of Indo-Zambia Bank Limited, executive director of Canara Bank, and chairman and managing director of Oriental Bank of Commerce and Bank of India.

  • Brig. Labh Singh Sitara

    Independent Director

    Labh Singh Sitara, aged 78 years, is an Independent Director on our Board. He holds a bachelor’s degree in economics from the Punjab University. He has previously served in the Indian army and has been awarded with Dhyan Chand Award for lifetime achievement in games and sports by Ministry of Youth Affairs and Sports in the year 2004.

    He has won medals in the Asian Games in the year 1966 and 1970, respectively and currently officiates as an honorary advisor to the Sports Department of the Government of Punjab and as a member of the planning committee of the Athletics Federation of India.

  • Justice Bisheshwar Prasad Singh

    Independent Director

    Justice Bisheshwar Prasad Singh is a retired Judge of Supreme Court of India. Before his elevation to Supreme Court of India, he was the Chief Justice of Bombay High Court, and prior to which he has also served as a Judge of Patna High Court and of Karnatka High Court.

    Before joining the Judiciary, he practiced law for around 24 years in the Supreme Court of India specializing in civil, criminal & constitutional matters. Justice Singh is an honors graduate from Delhi University and also holds Bachelor of Laws Degree from the Delhi University.

  • Dr. Kamlesh Chakrabarty

    Independent Director

    Dr. K.C. Chakrabarty, a seasoned and accomplished banker with a distinguished career spanning more than three decades during which he handled a wide range of subjects pertaining to commercial banks in various high level capacities culminating as the Deputy Governor of Reserve Bank of India, from where he finally demitted his office in April, 2014.

    Dr. Chakrabarty’s assignments at Reserve Bank of India included guiding and overseeing the areas pertaining to Supervision of Banks, Currency Management, Financial Stability, Customer Service, Rural Credit and Human Resource Management. He was the Bank’s nominee on the Financial Stability Board.

    During his illustrious career spanning over 30 years with various banks, Dr. Chakrabarty handled diverse portfolios like banking operations and administration, planning, economic research, investment banking, integrated treasury operations, risk management and corporate accounts, international banking, global syndication, etc.

  • Mr. Shamsher Singh Ahlawat

    Independent Director

    Mr. Shamsher Singh Ahlawat, an Ex-banker, retired at a senior managerial position from State Bank of India. He has over 20 years of rich and varied experience at different senior level positions with the Bank in the areas of Commercial Banking, Merchant Banking and Credit Division. Mr. Ahlawat holds a post graduate degree in history from St. Stephens College, New Delhi.

  • Mr. Prem Prakash Mirdha

    Independent Director

    Mr. Prem Prakash Mirdha is an Industrialist with interests in the cement business. He has over 20 years of rich and varied experience in the areas of administration, finance, regulatory and projects execution. Prior to this, he had a long stint of 11 years with the merchant navy.

  • Brig. Labh Singh Sitara

    Independent Director

    Labh Singh Sitara, aged 78 years, is an Independent Director on our Board. He holds a bachelor’s degree in economics from the Punjab University. He has previously served in the Indian army and has been awarded with Dhyan Chand Award for lifetime achievement in games and sports by Ministry of Youth Affairs and Sports in the year 2004.

    He has won medals in the Asian Games in the year 1966 and 1970, respectively and currently officiates as an honorary advisor to the Sports Department of the Government of Punjab and as a member of the planning committee of the Athletics Federation of India.