|Traded as||NSE: INDIABULLS
|Industry||Financial Services, Real Estate, Power|
|Key people||Sameer Gehlaut Chairman & CEO|
|Products||Securities, Consumer Finance, Mortgages, Real Estate|
|Employees||~ 20000 (2007)|
In middle of 1999, Sameer Gehlaut and his close IIT Delhi friend Rajiv Rattan bought a defunct securities company with a NSE membership and started offering brokerage services later joined by their friend Saurabh Mittal. In December 1999, the company built one of the first online platforms in India for offering internet brokerage services.
Indiabulls Group has several businesses ranging from Housing Finance, Real Estate, Securities. All the group companies are listed on the Bombay Stock Exchange, and the National Stock Exchange. The combined market capitalization of these companies is 15,443 Crore. Indiabulls was conferred the status of a Business Superbrand by The Brand Council, Superbrands India in 2008.
Indiabulls Housing Finance Limited
Indiabulls Housing Finance Ltd (IBHFL) was incorporated in May 2005, registered as a Housing Finance Company and is regulated by National Housing Bank.
Indiabulls Real Estate Limited (IBREL)
Indiabulls Real Estate Limited was incorporated in the year 2005 and is the Group's Real Estate arm with focus on Construction and Development of properties, Project Management, and Construction Services. IBREL was demerged from Indiabulls Financial Services Limited in the year 2006.
Indiabulls Securities Limited
Indiabulls Securities Limited is an Indian Capital Markets company. it provides services like Securities Broking, Advisory, Depository and Equity Research services. Its in-house trading platform is called "Power Indiabulls".
Two officials of Indiabulls Securities Limited were booked by the police on allegations of fraud in May 2004. The victim alleged that despite giving the company business worth INR 200 million, the company had not issued any certificate or document to him showing that he was an associate. The two company officials had instead duped him of nearly INR 2.3 million.
- "Fraud: India Bulls men booked". Panchkula: Expressindia. Express News Service. 23 May 2004. p. 1. Retrieved 5 April 2009.