IndiaBulls – Real Estate Leader Providing Solutions beyond Comparison
In the 1999 when ecommerce industry was just evolving in the country, Sameer Gehlaut acquired a defunct securities organization with membership of NSE to offer brokerage solutions. By December 1999, IndiaBulls embarked its voyage to become one of the first platforms to provide online brokerage solutions. IndiaBulls Financial Services was founded on January 2000 as the first company in India of its kind. A subsidiary concern of IndiaBulls Financial Services, IndiaBulls Securities was incorporated in the late 2000 to provide online brokerage solutions and opened physical office spaces over the country. By 2003, IndiaBulls Securities earned a great pan India presence with their corporate offices and on the web.
With the IPO of just Rs. 19 per share, IndiaBulls Financial Services went public in September 2004. IndiaBulls Financial Services commenced its financial business in late 2004 with consumer loans. The sister concern of IndiaBulls Financial Services, IndiaBulls Properties Pvt. Ltd joined Jupiter Mills’ government auction. Jupiter Mills was an out-of-date textile mill spans around 11 acres in Lower Parel, owned by NTC in Mumbai. IndiaBulls Properties Pvt. Ltd won the auction and bought the mill. After it, they established IndiaBulls Real Estate Company Pvt. Ltd which bought another textile mill Elphinstone Mill from NTC in Lower Parel.
The real estate business of IndiaBulls is expanding its horizon and the real estate business shares were demerged under IndiaBulls Real Estate from Indiabulls Finance Services. So, each shareholder of Indiabulls Finance got extra share of Indiabulls Real Estate because of this decision. Today, the net worth of IndiaBulls Group is around Rs. 19000 crore and capitalization in the market stands at around Rs. 34000 Crore and IndiaBulls Group is enjoying great presence in major sectors like real estate and finance with their independently listed groups and they keep on building their business with great cash flows.
Indiabulls is aimed to become the second largest privately-owned housing finance giant by crossing around 1 Lakh Crore of disbursals. They have served around 6.44 Lakh buyers and Credit Agencies rated them AAA. By assets and net worth, IndiaBulls is the third largest real estate organization.INDIA BULLS