Indiabulls

Infobox_Company
company_name = Indiabulls
company_
company_type = Public (NSE: [http://www.nseindia.com/marketinfo/equities/quotesearch.jsp?companyname=indiabulls&series=EQ&
] )
company_slogan = "Ease, Convenience and Reliability... it all starts here"
foundation = 2000 As Indiabulls Financial Services Ltd.
location =
key_people = flagicon|IND Sameer Gehlaut, Chairman & CEO Rajiv Rattan, President & CFO, Saurabh Mittal Director
num_employees = ~ 20000 (2007)
market capitalization = $3,330 million (2007); $7,000 million Group
net worth = US$950 million
industry = Financial Services
products = Securities, Consumer Finance, Mortgages, Real Estate
homepage = [http://www.indiabulls.com www.indiabulls.com]

Indiabulls (NSE: [http://www.nseindia.com/marketinfo/equities/quotesearch.jsp?companyname=indiabulls&series=EQ&
] ) is India's leading financial services and real estate company with a Pan India presence.

Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal started Indiabulls in May 2000 as an online stock brokerage. The three founders of Indiabulls are engineering graduates from the Indian Institute of Technology, Delhi.

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Indiabulls Group consists of Indiabulls Financial Services Ltd, Indiabulls Real Estate Limited and Indiabulls Securities Limited, all three companies listed on the National Stock Exchange, Bombay Stock Exchange and Luxembourg Stock Exchange. Indiabulls Group has a combined net worth of more than $2 billion and market cap of more than $4 billion.

The Group has interests in Financial Services, Real Estate, Infrastructure, Power and Retail.

Some of the large shareholders of Indiabulls are the largest financial institutions of the world such as Fidelity Funds, Goldman Sachs, Merrill Lynch, Morgan Stanley and Farallon Capital.

Group Companies

*Indiabulls Securities Ltd.

*Indiabulls Real Estate Ltd.

*Indiabulls Financial Services Ltd.

History

Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal started Indiabulls Group by acquiring a minor brokerage company, Orbis Securities, in 1999. The group started it business as a stock-brokerage firm and pioneered online brokerage business in India before diversifying into other financial services areas such as consumer credit (2004) and mortgages (2005). The group partnered with Farallon Capital to purchase land-mark bombay land assets and is currently building one of the largest integrated commercial real estate projects in India (valued at more than $2 billion). The group recently entered the Power generation business and aims to have more than 5000 MW of power generation under construction before 2008 end.

The three founders today control the Indiabulls Group.

Acquisition and Retail Sector

In the month of December 2007 - Indiabulls Wholesale Services, the retail arm of Indiabulls Real Estate, acquired Piramyd Retail, a company owned by the Ashok Piramal Group which runs 35 neighbourhood retail stores and seven lifestyle stores.

Indiabulls Wholesale has acquired 63.92 per cent stake in Piramyd Retail at an enterprise value of around Rs 208 crore (Rs 2.08 billion), said sources close to the deal.Fact|date=January 2008

They also made an open offer in the weekend to acquire an additional 20 per cent of the fully diluted paid-up capital of Piramyd Retail, at Rs 74.73 per share.Fact|date=January 2008 Piramyd runs a lifestyle retail (Piramyd Megastore) and convenience store chain (Trumart) with 42 stores spread over 10 lakh square foot of retail space in states like Maharashtra, Gujarat, Rajasthan, Delhi, Punjab (India) and Madhya Pradesh.

Indiabulls Wholesale, which is setting up 30 hypermarkets in as many tier-II cities at a cost of Rs 1,500 crore (Rs 15 billion), plans to expand Piramyd's existing network of 42 stores to over 150 stores by the end of 2008.Fact|date=January 2008

With this acquisition, Indiabulls will have a presence across different formats hypermarkets, lifestyle and convenience store formats. The acquisition provides Indiabulls 1,300 trained people and 10 lakh square foot of prime retail space.Fact|date=January 2008

Pyramid Retail had reported a net loss of Rs 47.81 crore (Rs 478.1 million) on gross sales of Rs 162.01 crore (Rs 1.62 billion), taking up its accumulated losses to Rs 55.28 crore (Rs 552.8 million). Retailers have been bogged down by high real estate prices and supply chain issues.

Indiabulls Real Estate is developing commercial properties in Lower Parel in Mumbai and recently announced the launch of Indiabulls Centre One, its first building offering convert|1400000|sqft|m2 for lease.

It is also developing over 50,000 residential apartments across India and has over convert|4000|acre|km2 of land bank which it intends to use for commercial and residential development.

Growth Story

References

* [http://www.bloomberg.com/apps/news?pid=20601013&refer=emergingmarkets&sid=aC5BGLpck9Ak Bloomberg.com: Emerging Markets]
* [http://www.businesstravellerindia.com/200509/highprofile01.shtml Business Traveller India]
* [http://www.india-today.com/btoday/20060507/cover2.html BUSINESS TODAY WebSite]
* [http://www.financialexpress.com/old/fe/daily/20010105/fec05064.html FinancialExpress WebSite]
* [http://www.indiabulls.com/home/aboutindiabulls.htm IndiaBulls Official WebSite]
* [http://www.zoominfo.com/people/Gehlot_Sameer_238443035.aspx ZoomInfo-largest index of people in business in the world]