Sobha Ltd.

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

SOBHA Limited
Public
Traded asBSE532784
NSESOBHA
BSE SENSEX Constituent
IndustryReal estate development, Construction,
FounderPNC Menon Chairman Emeritus
Headquarters
Key people
Ravi Menon
(Chairman)
J. C. Sharma
(VC & MD)
RevenueIncrease Rs. 24.55 billion(2015)[1]
Increase Rs. 5.44 billion (2014)
Increase Rs. 3.34 billion (2015)
Number of employees
3,442
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[edit]

SOBHA Limited was founded in 1995 by Mr. P.N.C. Menon.[5] Since inception, as of December 31, 2018, SOBHA has delivered real estate projects and contractual projects covering about 100.31 million square feet of area. The Company currently has ongoing real estate projects aggregating to 39.09 million square feet of developable area and 27.23 million square feet of saleable area, and ongoing contractual projects aggregating to 8.89 million square feet under various stages of construction. The Company has a real estate presence in 9 cities, viz. Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin and Mysore. Overall, SOBHA has footprint in 26 cities and 13 states across India.[6][7][8][9]

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.[10]

The company is also planning to invest INR 500 crore residential development in Gujarat International Finance Tec-City (GIFT City), [11][12][13]

Change in name: The company changed its name to "Sobha Ltd" with effect from 18 August 2014.[14]

They have achieved growth with backward integration in the construction and real estate development business in India.[15] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has a geographic presence in 26 cities in 13 states.[16] Internationally, Sobha Ltd has operations running in Oman with a footprint in Dubai.[17][18][19]

Products and services[edit]

It is a real estate company provides construction of residential and contractual projects.[20]

They have started 4 manufacturing divisions - Glazing and Metal Works, Interiors, Restoplus (Spring Mattress) and Concrete Products.[21]

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, for the needy and looking after the aged and elderly citizens. This trust is a realization of Mr PNC Menon’s vision.[22][23] 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.[24][25][26]

Sobha Academy

The Academy 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.[27]

SOBHA Dowry-less Social Wedding

Aimed at supporting girls from economically weaker sections of society, this programme of the Trust has successfully completed 610 marriages so far.[28][29]

Awards[edit]

  • Entrepreneur of the Year Award in Energy, awarded to Ravi Menon in 2013, Real Estate and Infrastructure category,[30][31]
  • 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.[32][33]
  • India's 17 new Global Growth Companies(GGC) in South Asia by the World Economic Forum in 2014.[34][35][36]
  • Mint-Institute for Competitiveness Strategy Award in 2014.[37]
  • CNBC Awaaz Real Estate Awards 2013.[38]
  • Environment Friendly Project of the Year: Residential – Sobha Forest View[39]
  • 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.[40]
  • Awarded Top National Realty Brand Across Asset Class in India (2015).[41]

Business Presence[edit]

References[edit]

  1. ^ "Sobha Ltd. Overview". economictimes. economictimes.indiatimes.com. Retrieved 6 October 2015.
  2. ^ "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.
  3. ^ "Sobha Developers Company Profile". Morning Star. Retrieved 25 June 2013.
  4. ^ "Projects by Sobha Developers Ltd, Bangalore". Retrieved 16 February 2015.
  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" (PDF). moneycontrol.com. Moneycontrol. Retrieved 21 July 2014.
  7. ^ "Sobha Developers Ltd". profit.ndtv.com. NDTV Profit. Retrieved 21 July 2014.
  8. ^ "Sobha Developers Ltd Company Overview". Thomson Reuters. Retrieved 25 June 2013.
  9. ^ "Sobha Developers Ltd Company Overview". Moneycontrol. Retrieved 25 June 2013.
  10. ^ Akhtar, Nadeem. "P.N.C. Menon, Founder and Chairman Emeritus of SOBHA Limited". www.nbmcw.com. Retrieved 25 April 2016.
  11. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City - Times of India". The Times of India. Retrieved 22 August 2018.
  12. ^ "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 22 August 2018.
  13. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. Retrieved 22 August 2018.
  14. ^ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
  15. ^ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 25 June 2013.
  16. ^ "Sobha Developers Company Locations". Magic Bricks. 7 February 2019. Retrieved 23 April 2019.
  17. ^ "Sobha city Project". khaleej Times. Retrieved 6 February 2012.
  18. ^ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.
  19. ^ "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
  20. ^ "INDIA'S TOP BUILDERS: SOBHA DEVELOPERS". constructionworld. Retrieved 11 November 2015.
  21. ^ "Sobha has added four manufacturing divisions". timesofindia.indiatimes.com. Anshul Dhamija. indiatimes. 24 August 2014. Retrieved 18 November 2015.
  22. ^ "Kiran Mazumdar Shaw, 3 others on Forbes philanthropy list". ibnlive.com. ibnlive.com. 30 May 2013. Retrieved 15 June 2015.
  23. ^ "P N C Menon, Vineet Nayar in Forbes' list of 'Heroes of Philanthropy'". UK Malayalee. ukmalayalee.com. 3 June 2013. Retrieved 15 June 2015.
  24. ^ "Sobha group founder to give 50% of wealth to charity". thehindubusinessline. Hindi Business Line. 7 March 2013. Retrieved 20 November 2015.
  25. ^ "Sobha group founder to donate 50% of his wealth". Hindustantimes. hindustantimes.com. hindustantimes.com. 7 March 2013. Retrieved 15 June 2015.
  26. ^ Vision, Csr. "SOBHA Limited | CSR Vision". Retrieved 23 April 2019.
  27. ^ Sanandakumar, S. (27 October 2013). "CSR project: Sobha Group's PNC Menon developing Kerala's Palakkad region & educating children". The Economic Times. Retrieved 22 August 2018.
  28. ^ India, Press Trust of (30 November 2015). "Realty firm organises dowry-less social wedding". Business Standard India. Retrieved 22 August 2018.
  29. ^ "CSR : SOBHA organises dowry-less social weddings in Palakkad, Kerala". India CSR. 4 December 2018. Retrieved 23 April 2019.
  30. ^ "EY Entrepreneur of The Year award 2013". Business Standards. 21 February 2014. Retrieved 20 March 2014.
  31. ^ "Entrepreneur of the Year Award 2013". The Hindu. 8 March 2014. Retrieved 20 March 2014.
  32. ^ "CNBC Awaaz Real Estate Awards". Retrieved 18 March 2014.
  33. ^ "Builder of the Year Award at the National Level". Retrieved 18 March 2014.
  34. ^ "Global Growth Companies Honorees 2014". weforum.org. weforum. Retrieved 8 April 2015.
  35. ^ "Sobha in Global Growth list". The Hindu Businessline. thehindubusinessline.com. 13 November 2014. Retrieved 8 April 2015.
  36. ^ "Indian companies have a hunger to tap new markets around the world: Rodolfo Lara". The Economic Times. economictimes.indiatimes.com/. 7 November 2014. Retrieved 8 April 2015.
  37. ^ "Institute for Competitiveness - Mint Strategy Awards Ten Leading Enterprises of India across Different Industry Categories". telegraphindia. telegraphindia.com. 29 September 2014. Retrieved 14 April 2015.
  38. ^ "Sobha bags Top Honours at the CNBC Awaaz Real Estate Awards 2013". business-standard. business-standard.com. 26 December 2013. Retrieved 14 April 2015.
  39. ^ "Recognising excellence in real estate sector". exchange4media. exchange4media.com. 21 March 2012.
  40. ^ "Sobha bags with 6 prestigious awards". indiainfoline.com. indiainfoline.com. 25 September 2014. Retrieved 15 June 2015.
  41. ^ "Top National Realty Brand Across Asset Class' in India". June 10, 2015 (Financial Express). financialexpress.com. Retrieved 17 June 2015.
  42. ^ "Sobha to launch housing project in North Bengaluru". Deccan Herald. 25 September 2018. Retrieved 7 January 2019.
  43. ^ "Sobha Developers: The Epitome of Excellence in Construction". Karnataka.com. 4 November 2012. Retrieved 7 January 2019.
  44. ^ "Sobha to launch Sobha City – its first luxury apartment project in Delhi-NCR". The Hindu Business Line. 28 June 2016. Retrieved 7 January 2019.
  45. ^ "Sobha to build new housing project in Gurgaon at Rs 1,000 crore". The Economic Times. 23 November 2015. Retrieved 8 January 2019.
  46. ^ "Sobha Developers to invest Rs 250 crore in Pune project". Business Standard. 20 August 2014. Retrieved 7 January 2019.
  47. ^ "Sobha Developers launches Rs 400 crore projects in Chennai". The Economic Times. 18 January 2012. Retrieved 8 January 2019.
  48. ^ "Chennai: Sobha launches hi-tech villas at forest ridge". DECCAN CHRONICLE. 26 February 2018. Retrieved 8 January 2019.
  49. ^ "SOBHA Ltd launches villa project SOBHA Gardenia in Chennai". Business Standard. 14 February 2018. Retrieved 8 January 2019.
  50. ^ "Sobha Limited forays into Commercial Space with launch of Thrissur project". The Economic Times. 17 December 2015. Retrieved 7 January 2019.
  51. ^ "Sobha enters commercial realty segment". Financial Express. 18 December 2015. Retrieved 7 January 2019.
  52. ^ "LMW joins hands with Sobha to launch project in Coimbatore". The Hindu Business Line. 12 March 2018. Retrieved 8 January 2019.
  53. ^ "Demand in Kochi a worry for Sobha Developers". Business Standard. 8 May 2014. Retrieved 7 January 2019.
  54. ^ "SOBHA Limited to launch project in Kochi in co-ownership with Puravankara". The Economic Times. 27 November 2017. Retrieved 7 January 2019.
  55. ^ "Sobha Developers plans projects in Kochi, Kozhikode". The Times of India. 13 May 2013. Retrieved 7 January 2019.
  56. ^ "Sobha Developers Launches New Villa Project in Kozhikode". Silicon India. 23 August 2013. Retrieved 7 January 2019.
  57. ^ "Sobha plans 3 projects in Mysore". Business Standard. 29 January 2013. Retrieved 7 January 2019.
  58. ^ "Sobha forays into Gujarat with an investment of over Rs 500 crore". Money Control. 16 April 2018. Retrieved 8 January 2019.
  59. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". Money Control. 16 April 2018. Retrieved 8 January 2019.