Indiabulls

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Indiabulls
Type Public company
Traded as NSEINDIABULLS
BSE532544
Industry Financial Services, Real Estate, Power
Founded Jan, 2000
Headquarters Mumbai, India
Key people Sameer Gehlaut Chairman & CEO
Products Securities, Consumer Finance, Mortgages, Real Estate
Employees ~ 20000 (2007)
Website www.Indiabulls.com

Indiabulls is an Indian company with its headquarters in Mumbai. It has presence in sectors ranging from Real Estate, Infrastructure, Housing Finance, and Securities

History[edit]

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[edit]

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.[1] Indiabulls was conferred the status of a Business Superbrand by The Brand Council, Superbrands India in 2008.[2]

Indiabulls Housing Finance Limited[edit]

Indiabulls Housing Finance Ltd (IBHFL) was incorporated in May 2005, registered as a Housing Finance Company and is regulated by National Housing Bank.[3]

Indiabulls Real Estate Limited (IBREL)[edit]

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.[4]

Indiabulls Securities Limited[edit]

Indiabulls Securities Limited is an Indian Capital Markets company. it provides services like Securities Broking, Advisory, Depository and Equity Research services.[5] Its in-house trading platform is called "Power Indiabulls".

Other allegations[edit]

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.[6]

References[edit]

External links[edit]