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SOBHA Limited
Company typePublic
IndustryReal estate development, construction
FounderPNC Menon (chairman emeritus)
Headquarters
Bangalore, Karnataka, India
Key people
Ravi Menon (chairman)
J. C. Sharma (VC & MD)
Ishwar. M. Melmani (director)
RevenueIncrease $. 38.26 billion (2020)[1]
Increase $. 6.32 billion (2018)
Increase $. 2.16 billion (2018)
Number of employees
3,184
Websitewww.sobha.com

SOBHA Limited is an Indian multinational real estate developer headquartered in Bangalore, India.[2] which works in the business of construction, development, sale, management and operation, townships, housing projects, commercial premises and other related activities[3] [4]

History

SOBHA Limited was founded in 1995 by Mr. P.N.C. Menon.[5] Since inception, as of March 31, 2020 SOBHA has delivered real estate projects and contractual projects covering about 109.74 million square feet of area. The Company currently has ongoing real estate projects aggregating to 39.36 million square feet of developable area and 27.41 million square feet of saleable area, and ongoing contractual projects aggregating to 9.44 million square feet under various stage of construction. The Company has a real estate presence in 10 cities, viz. Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin, Gujarat (Gift City) and Mysore. Overall, SOBHA has footprint in 27 cities and 14 states across India.[6][7][8][9][10]

The company has also executed projects for some of India's corporate houses, including Infosys, WIPRO, HCL, Dell, Bosch, Biocon, Taj Group of Hotels and ITC Hotels.[11]

The company is also planning to invest INR 500 crore residential development in Gujarat International Finance Tec-City (GIFT City),[12][13][14]

Change in name: The company changed its name to "Sobha Ltd" with effect from 18 August 2014.[15]

They have achieved growth with backward integration in the construction and real estate development business in India.[16] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has a geographic presence in 27 cities in 14 states.[17] Internationally, Sobha Ltd has operations running in Oman with a footprint in Dubai[18][19][20] as Sobha Realty.

Products and services

It is a real estate company provides construction of residential and contractual projects.[21]

They have started 4 manufacturing divisions – Glazing and Metal Works, Interiors, Restoplus (Spring Mattress) and Concrete Products.[22]

The backward integration model of SOBHA is a case study[23] within Harvard Business School

Corporate Initiatives

Sri Kurumba Educational and Charitable Trust [24] is a public charitable trust found by SOBHA Limited in 2006. The trust runs CSR activities since 2006 and the activities include providing healthcare facilities, education, vocational training for the needy and looking after the aged and elderly citizens. This trust is a realization of Mr PNC Menon’s vision. This trust has adopted three panchayats in Palakkad District, Kerala - Vadakkenchery, Kannambra and Kizhakkenchery- under the ambit of Graamasobha, a program based on Gram Swaraj concept.[SK1]

SOBHA Academy[25] was started in the year 2007 to empower and enable the rural poor to break away from the vicious circle of poverty, ignorance, deprivation, and exclusion by providing their children with high-quality education.

SOBHA Dowry-less Social Wedding[26] is aimed at supporting girls from economically weaker sections of society, this programme of the Trust has successfully completed 647 marriages so far.

Awards

  1. SOBHA features in Financial Time’s Asia-Pacific High-Growth Companies Report 2020 list [27]
  2. SOBHA Tops National Ranking in Global Buyer Report 2020 by Track2Realty [28]
  3. CNBC-Awaaz Real Estate Awards 2018-19 - Best Residential Project (Luxury Segment) - International City - Phase One [29]
  4. Most Trusted Real Estate Brand 2018 - 2019 - Customer Choice by CommonFloor [30]
  5. SOBHA recognised as one of the Hot 50 Brands in Bengaluru by Paul Writer [31]
  6. SOBHA Tops National Ranking in Track2Realty Best Practices Report 2019 [32]
  7. Best CEO in Real Estate – Mr. J. C. Sharma, Vice-Chairman & Managing Director, SOBHA at NDTV Property Awards [33]
  8. Entrepreneur of the Year Award in Energy, awarded to Ravi Menon in 2013, Real Estate and Infrastructure category [34]

Business Presence[clarification needed]

References

  1. ^ "Sobha Ltd. Overview". BSE. bseindia.com. Retrieved 3 May 2019.
  2. ^ "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.{{cite news}}: CS1 maint: url-status (link)
  3. ^ "Sobha Developers Company Profile". Morning Star. Retrieved 25 June 2013.{{cite news}}: CS1 maint: url-status (link)
  4. ^ "Projects by Sobha Developers Ltd, Bangalore". Retrieved 16 February 2015.{{cite news}}: CS1 maint: url-status (link)
  5. ^ "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of SOBHA – NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016.
  6. ^ "Sobha Developers Ltd SYNOPSIS". thehindubusinessline.com. TheHindu. Retrieved 4 February 2020.
  7. ^ "Sobha Ltd SYNOPSIS". Economic Times. Retrieved 2 February 2020.
  8. ^ "Sobha Developers Ltd". profit.ndtv.com. NDTV Profit. Retrieved 21 July 2014.
  9. ^ "Sobha Developers Ltd Company Overview". Thomson Reuters. Retrieved 25 June 2013.{{cite news}}: CS1 maint: url-status (link)
  10. ^ "Sobha Developers Ltd Company Overview". Moneycontrol. Retrieved 25 June 2013.{{cite news}}: CS1 maint: url-status (link)
  11. ^ Akhtar, Nadeem. "P.N.C. Menon, Founder and Chairman Emeritus of SOBHA Limited". www.nbmcw.com. Retrieved 25 April 2016.
  12. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City – Times of India". The Times of India. Retrieved 22 August 2018.
  13. ^ "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 22 August 2018.
  14. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. Retrieved 22 August 2018.
  15. ^ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
  16. ^ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 25 June 2013.{{cite news}}: CS1 maint: url-status (link)
  17. ^ "Sobha Developers Company Locations". Magic Bricks. Retrieved 2 July 2020.{{cite news}}: CS1 maint: url-status (link)
  18. ^ "Sobha city Project". khaleej Times. Retrieved 6 February 2012.{{cite news}}: CS1 maint: url-status (link)
  19. ^ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.{{cite news}}: CS1 maint: url-status (link)
  20. ^ "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
  21. ^ "INDIA'S TOP BUILDERS: SOBHA DEVELOPERS". constructionworld. Retrieved 11 November 2015.
  22. ^ "Sobha has added four manufacturing divisions". timesofindia.indiatimes.com. Anshul Dhamija. indiatimes. 24 August 2014. Retrieved 18 November 2015.
  23. ^ https://www.hbs.edu/faculty/Pages/item.aspx?num=55042
  24. ^ "CSR arm of SOBHA organizes dowry-less social weddings in Palakkad, Kerala". India CSR. 8 May 2017. Retrieved 30 August 2020.
  25. ^ "Sobha Academy to offer free high quality education for poor kids". OnManorama. Retrieved 30 August 2020.
  26. ^ Releases, Press (17 December 2019). "CSR arm of SOBHA organizes a dowry-less social wedding in Kerala". RealtyNXT. Retrieved 30 August 2020.
  27. ^ Kelly, Maxine (21 April 2020). "FT ranking: Asia-Pacific High-Growth Companies". www.ft.com. Retrieved 30 August 2020.
  28. ^ Releases, Press (25 February 2020). "SOBHA Tops National Ranking in Global Buyer Report 2020 by Track2Realty". RealtyNXT. Retrieved 30 August 2020.
  29. ^ Editor, News (25 March 2019). "SOBHA Declared The Best Luxury Residential Project By CNBC-Awaaz". RealtyNXT. Retrieved 30 August 2020. {{cite web}}: |last= has generic name (help)
  30. ^ "CommonFloor Real Estate Excellence Awards 2019". CommonFloor Groups. Retrieved 30 August 2020.
  31. ^ Writer, Paul (8 February 2019). "Paul Writer Unveiled Namma Bengaluru Hot Brands 2019!". Paul Writer. Retrieved 30 August 2020.
  32. ^ May 2, Avik Das / TNN / Updated:; 2019; Ist, 16:30. "real estate: Bengaluru: What makes Bengaluru's developers best in country | Bengaluru News - Times of India". The Times of India. Retrieved 30 August 2020. {{cite web}}: |last2= has numeric name (help)CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
  33. ^ MarketScreener. "Sobha : VC & MD Mr. J.C. Sharma conferred the 'Best CEO in Real Estate' award at NDTV Property Awards 2014; Sobha Ivory bags Premium Project of the Year-West Award | MarketScreener". www.marketscreener.com. Retrieved 30 August 2020.
  34. ^ India, Press Trust of (21 February 2014). "Chairman of Sobha Developers wins Entrepreneur of yr award". Business Standard India. Retrieved 30 August 2020.
  35. ^ "Sobha to launch housing project in North Bengaluru". Deccan Herald. 25 September 2018. Retrieved 7 January 2019.
  36. ^ "Sobha Developers: The Epitome of Excellence in Construction". Karnataka.com. 4 November 2012. Retrieved 7 January 2019.
  37. ^ Sobha Dream Series
  38. ^ "Sobha to launch Sobha City – its first luxury apartment project in Delhi-NCR". The Hindu Business Line. 28 June 2016. Retrieved 7 January 2019.
  39. ^ "Sobha to build new housing project in Gurgaon at Rs 1,000 crore". The Economic Times. 23 November 2015. Retrieved 8 January 2019.
  40. ^ "Sobha Developers to invest Rs 250 crore in Pune project". Business Standard. 20 August 2014. Retrieved 7 January 2019.
  41. ^ "Sobha Developers launches Rs 400 crore projects in Chennai". The Economic Times. 18 January 2012. Retrieved 8 January 2019.
  42. ^ "Chennai: Sobha launches hi-tech villas at forest ridge". DECCAN CHRONICLE. 26 February 2018. Retrieved 8 January 2019.
  43. ^ "SOBHA Ltd launches villa project SOBHA Gardenia in Chennai". Business Standard. 14 February 2018. Retrieved 8 January 2019.
  44. ^ "Sobha Limited forays into Commercial Space with launch of Thrissur project". The Economic Times. 17 December 2015. Retrieved 7 January 2019.
  45. ^ "Sobha enters commercial realty segment". Financial Express. 18 December 2015. Retrieved 7 January 2019.
  46. ^ "LMW joins hands with Sobha to launch project in Coimbatore". The Hindu Business Line. 12 March 2018. Retrieved 8 January 2019.
  47. ^ "Demand in Kochi a worry for Sobha Developers". Business Standard. 8 May 2014. Retrieved 7 January 2019.
  48. ^ "SOBHA Limited to launch project in Kochi in co-ownership with Puravankara". The Economic Times. 27 November 2017. Retrieved 7 January 2019.
  49. ^ "Sobha Developers plans projects in Kochi, Kozhikode". The Times of India. 13 May 2013. Retrieved 7 January 2019.
  50. ^ "Sobha Developers Launches New Villa Project in Kozhikode". Silicon India. 23 August 2013. Retrieved 7 January 2019.
  51. ^ "Sobha plans 3 projects in Mysore". Business Standard. 29 January 2013. Retrieved 7 January 2019.
  52. ^ "Sobha forays into Gujarat with an investment of over Rs 500 crore". Money Control. 16 April 2018. Retrieved 8 January 2019.
  53. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". Money Control. 16 April 2018. Retrieved 8 January 2019.

Sobha city GurgaonSobha city Gurgaon
Sobha Windsor

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