Sobha Ltd.

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Sobha Ltd
Public
Traded as BSE532784
NSESOBHA
BSE SENSEX Constituent
Industry Real estate development, Construction,
Founder PNC Menon Chairman Emeritus
Headquarters Bangalore, Karnataka, India
Key people
Ravi Menon
(Chairman)
J. C. Sharma
(VC & MD)
Revenue Increase Rs. 24.55 billion(2015)[1]
Increase Rs. 5.44 billion (2014)
Increase Rs. 3.34 billion (2015)
Number of employees
3,442
Website www.sobha.com

Sobha Limited (formerly Sobha Developers Ltd.)[2] is an Indian multinational real estate developer headquartered in Bangalore, India.[3] which works in the business of construction, development, sale, management and operation, townships, housing projects, commercial premises and other related activities[4] [5]

History[edit]

Sobha Limited was founded in 1995 by Mr. P.N.C. Menon.[6] Since inception, they have completed 102 real estate projects and 262 contractual projects covering about 70.54 million square feet of area. The Company currently has ongoing residential projects aggregating to 41.81 million square feet of developable area and 26.59 million square feet of saleable area, and ongoing contractual projects aggregating to 9.31 million square feet under various stages of construction. The Company has a real estate presence in nine cities, viz. Bengaluru, Gurgaon, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin and Mysore. Overall, Sobha has a footprint in 24 cities and 13 states across India.[7][8][9][10]

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

Change in name: The company changed its name to "Sobha Ltd" with effect from August 18, 2014.[12]

They have achieved growth with backward integration in the construction and real estate development business in India.[13] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has a geographic presence in 24 cities in 13 states.[14] Internationally, Sobha Ltd has operations running in Oman with a footprint in Dubai.[15][16][17]

Products and services[edit]

It is a real estate company provides construction of residential and contractual projects.[18]

They have started 4 manufacturing divisions - Glazing and Metal Works, Interiors, Restoplus (Spring Mattress) and Concrete Products.[19][20]

Initiatives[edit]

Sri Kurumba Educational and Charitable Trust[edit]

Sri Kurumba Educational and Charitable Trust 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.[21][22] This trust has adopted two panchayats in Palakkad District, Kerala - Vadakkenchery and Kizhakkenchery- under the ambit of Graamasobha, a program based on Gram Swaraj concept.[23][24]

Awards[edit]

  • Entrepreneur of the Year Award in Energy, awarded to Ravi Menon in 2013, Real Estate and Infrastructure category,[25][26]
  • In 2014, recognized at the CNBC Awaaz Real Estate Awards. Builder of the Year Award at the National Level, and Best 100 Percent Complete Residential Project in the Ultra Luxury Segment – Bangalore for Sobha Lifestyle Project.[27][28]
  • India's 17 new Global Growth Companies(GGC) in South Asia by the World Economic Forum in 2014.[29][30][31]
  • Mint-Institute for Competitiveness Strategy Award in 2014.[32]
  • CNBC Awaaz Real Estate Awards 2013.[33]
  • Environment Friendly Project of the Year: Residential – Sobha Forest View[34]
  • In 2014, Realty Plus recognized for the company's educational & charitable trust as the CSR Initiative of the Year, while Construction Week India presented their Corporate Social Responsibility award to the trust.[35]
  • Awarded Top National Realty Brand Across Asset Class in India (2015).[36]

References[edit]

  1. ^ "Sobha Ltd. Overview". economictimes. economictimes.indiatimes.com. Retrieved 6 October 2015. 
  2. ^ "Sobha Developers Ltd changes name to Sobha Ltd". equitybulls. Retrieved 22 August 2014. 
  3. ^ "Sobha Developers Company Facts". Moneycontrol. Retrieved 2013-06-25. 
  4. ^ "Sobha Developers Company Profile". Morning Star. Retrieved 2013-06-25. 
  5. ^ "Projects by Sobha Developers Ltd, Bangalore". Retrieved 2015-02-16. 
  6. ^ "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Sobha - NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016. 
  7. ^ "Sobha Developers Ltd SYNOPSIS" (PDF). moneycontrol.com. Moneycontrol. Retrieved 21 July 2014. 
  8. ^ "Sobha Developers Ltd". profit.ndtv.com. NDTV Profit. Retrieved 21 July 2014. 
  9. ^ "Sobha Developers Ltd Company Overview". Thomson Reuters. Retrieved 2013-06-25. 
  10. ^ "Sobha Developers Ltd Company Overview". Moneycontrol. Retrieved 2013-06-25. 
  11. ^ Akhtar, Nadeem. "P.N.C. Menon, Founder and Chairman Emeritus of Sobha Limited". www.nbmcw.com. Retrieved 25 April 2016. 
  12. ^ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. August 19, 2014. Retrieved 30 September 2015. 
  13. ^ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 2013-06-25. 
  14. ^ "Sobha Developers Company Locations". The Economic Times. Retrieved 2013-06-25. 
  15. ^ "Sobha city Project". khaleej Times. Retrieved 2012-02-06. 
  16. ^ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 2013-06-29. 
  17. ^ "Sobha Ltd Q3 profit rises marginally". February 12, 2015. Retrieved 18 February 2015. 
  18. ^ "INDIA'S TOP BUILDERS: SOBHA DEVELOPERS". constructionworld. Retrieved 11 November 2015. 
  19. ^ "Sobha has added four manufacturing divisions". timesofindia.indiatimes.com. Anshul Dhamija. indiatimes. Aug 24, 2014. Retrieved 18 November 2015. 
  20. ^ "Realtors develop in-house capabilities to address quality concerns". Sanu Sandilya. ETRealty.com. December 9, 2014. Retrieved 30 September 2015. 
  21. ^ "Kiran Mazumdar Shaw, 3 others on Forbes philanthropy list". ibnlive.com. ibnlive.com. May 30, 2013. Retrieved 15 June 2015. 
  22. ^ "P N C Menon, Vineet Nayar in Forbes' list of 'Heroes of Philanthropy'". UK Malayalee. ukmalayalee.com. June 3, 2013. Retrieved 15 June 2015. 
  23. ^ "Sobha group founder to give 50% of wealth to charity". thehindubusinessline. Hindi Business Line. March 7, 2013. Retrieved 20 November 2015. 
  24. ^ "Sobha group founder to donate 50% of his wealth". Hindustantimes. hindustantimes.com. hindustantimes.com. Mar 7, 2013. Retrieved 15 June 2015. 
  25. ^ "EY Entrepreneur of The Year award 2013". Business Standards. February 21, 2014. Retrieved 20 March 2014. 
  26. ^ "Entrepreneur of the Year Award 2013". The Hindu. March 8, 2014. Retrieved 20 March 2014. 
  27. ^ "CNBC Awaaz Real Estate Awards". Retrieved 18 March 2014. 
  28. ^ "Builder of the Year Award at the National Level". Retrieved 18 March 2014. 
  29. ^ "Global Growth Companies Honorees 2014". weforum.org. weforum. Retrieved 8 April 2015. 
  30. ^ "Sobha in Global Growth list". The Hindu Businessline. thehindubusinessline.com. November 13, 2014. Retrieved 8 April 2015. 
  31. ^ "Indian companies have a hunger to tap new markets around the world: Rodolfo Lara". The Economic Times. economictimes.indiatimes.com/. Nov 7, 2014. Retrieved 8 April 2015. 
  32. ^ "Institute for Competitiveness - Mint Strategy Awards Ten Leading Enterprises of India across Different Industry Categories". telegraphindia. telegraphindia.com. September 29, 2014. Retrieved 14 April 2015. 
  33. ^ "Sobha bags Top Honours at the CNBC Awaaz Real Estate Awards 2013". business-standard. business-standard.com. December 26, 2013. Retrieved 14 April 2015. 
  34. ^ "Recognising excellence in real estate sector". exchange4media. exchange4media.com. March 21, 2012. 
  35. ^ "Sobha bags with 6 prestigious awards". indiainfoline.com. indiainfoline.com. September 25, 2014. Retrieved 15 June 2015. 
  36. ^ "Top National Realty Brand Across Asset Class' in India". June 10, 2015 (Financial Express). financialexpress.com. Retrieved 17 June 2015.