Indiabulls

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Indian financial services conglomerate

title: "Indiabulls" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-based-in-gurgaon", "financial-services-companies-of-india", "indian-companies-established-in-2000", "2000-establishments-in-haryana", "financial-services-companies-established-in-2000", "conglomerate-companies-of-india"] description: "Indian financial services conglomerate" topic_path: "geography/india" source: "https://en.wikipedia.org/wiki/Indiabulls" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Indian financial services conglomerate ::

::data[format=table title="Infobox company"]

FieldValue
nameIndiabulls
logoIndiabulls.svg
imageIndustrial_Park_and_NH11_National_Highway_Haryana_India_March_2015.jpg
image_captionIndiabulls Gurgaon HQ
typeCorporate group
foundationJanuary 2000
locationIndiabulls House, Udyog Vihar, Gurgaon, Haryana, India
key_people
industryConglomerate
servicesFinancial services
Construction equipment leasing
LED lights and facilities
homepage
::

| name = Indiabulls | logo = Indiabulls.svg | image = Industrial_Park_and_NH11_National_Highway_Haryana_India_March_2015.jpg | image_caption = Indiabulls Gurgaon HQ | image_size = | type = Corporate group | foundation = January 2000 | location = Indiabulls House, Udyog Vihar, Gurgaon, Haryana, India | key_people = | num_employees = | divisions = | industry = Conglomerate | services = Financial services Construction equipment leasing LED lights and facilities | parent = | revenue = | homepage = ::figure[src="https://upload.wikimedia.org/wikipedia/commons/1/1f/Indiabulls_logo.svg" caption="Old logo of Indiabulls"] ::

The Indiabulls Group is an Indian conglomerate headquartered in Gurgaon, whose primary businesses are financial services, construction-equipment rentals, and LED lighting.

History

Indiabulls was started in 2000 with the establishment of Indiabulls Financial Services, a stockbroking firm co-founded by three IIT Delhi graduates–Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal. Indiabulls Financial Services subsequently set up subsidiaries in stockbroking, consumer finance, housing finance and real estate, among others.

In 2004, Indiabulls Financial Services became a publicly-listed company after its initial public offering. Indiabulls Real Estate was demerged from the company in 2006, and Indiabulls Securities in 2008.

In 2013, Indiabulls Financial Services reverse merged with its wholly owned subsidiary, Indiabulls Housing Finance, to form the flagship company of the group.

In 2014, the group was split between the three promoters with Sameer Gehlaut retaining management control over Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services, while Rajiv Rattan and Saurabh Mittal obtained control of Indiabulls Power (renamed RattanIndia Power) and Indiabulls Infrastructure (renamed RattanIndia Infrastructure).

By 2017, Indiabulls Housing Finance had become the second-largest housing finance company in India and was included in the NIFTY 50 benchmark index. However, between late 2018 and 2019, its shares and bonds experienced a sharp decline in value due to a credit market crisis triggered by the collapse of IL&FS, the company's shrinking balance sheet, allegations of fraud by group promoters, and a proposed merger with the beleaguered Lakshmi Vilas Bank, which fell through.

In 2020, the group announced that it would exit Indiabulls Real Estate in a merger deal with Embassy Group entities. Sameer Gehlaut stepped down as the chairman of Indiabulls Housing Finance in 2020 and ceased to be its promoter in 2023. In July 2024, Indiabulls Housing Finance was renamed as Sammaan Capital, while Indiabulls Real Estate was renamed as Equinox India Developments.

Group companies

Equity shares of the companies are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

  • Dhani Services (formerly Indiabulls Ventures or Indiabulls Securities)
  • Indiabulls Enterprises
    • Indiabulls Store One
    • Indiabulls LED
  • Yaari Digital Integrated Services (formerly Indiabulls Integrated Services or Indiabulls Wholesale Services)

Former group companies

  • Indiabulls Housing Finance, rebranded as Sammaan Capital in 2024
  • Indiabulls Real Estate, rebranded as Equinox India Developments in 2024
  • Indiabulls AMC, rebranded as Groww AMC in 2023
  • Indiabulls Power, rebranded as RattanIndia Power in 2014
  • Indiabulls Infrastructure, rebranded as RattanIndia Infrastructure in 2014

References

References

  1. Karthik, Hamsini. (2023-10-02). "Indiabulls to be renamed as Samman Capital; will let go HFC tag and operate as NBFC".
  2. (2013-06-13). "Indiabulls set to launch operations in Gulf countries".
  3. "Ransomware allegedly hits Indiabulls Group: Cyble". [[The Economic Times]].
  4. (4 October 2007). "The Rs 29,000-crore surprise". Business Today.
  5. (5 February 2007). "Indiabulls set for revamp". The Times of India.
  6. "Indiabulls IPO at Rs 19". The Telegraph.
  7. (2 May 2006). "Indiabulls to demerge its real estate business". The Economic Times.
  8. (1 January 2008). "Indiabulls Financial slips on hiving off securities biz". The Economic Times.
  9. "Indiabulls Financial Services completes reverse merger". Business Standard.
  10. (10 July 2014). "Indiabulls' three promoters split Rs 8.8k cr group". The Times of India.
  11. (19 August 2018). "Indiabulls HF appoints Mundra as a director". The Hindu.
  12. "IOC, IBHFL to replace Idea, BHEL in NSE Nifty50 from March 31". Business Standard.
  13. "Indiabulls Housing: Sameer Gehlaut Sells Half His Stake, Plans on Exiting the Board by Fiscal End". The Wire.
  14. (18 August 2020). "Indiabulls Real Estate Approves Share-Swap Ratio For Merger With Embassy Group". BQ Prime.
  15. (13 August 2020). "Gehlaut steps down as chief of Indiabulls Housing Finance". The Times of India.
  16. (23 February 2023). "Exchanges approve reclassification of Indiabulls Housing promoter Sameer Gehlaut to public". CNBC TV18.
  17. (3 July 2024). "Indiabulls Real Estate To Be Renamed As Equinox India Developments". NDTV Profit.
  18. "Indiabulls forays in Car Loan Business".
  19. "Indiabulls Ventures' subsidiary launches mobile application 'Dhani App'".
  20. "SORIL Infra Resources History". The Economic Times.
  21. (25 May 2017). "Indiabulls Group enters LED lighting business". mint.
  22. (19 March 2021). "Sebi exempts Sameer Gehlaut IIS Trust from open offer obligation". The Financial Express.
  23. "Indiabulls Housing Finance rebrands themselves as Sammaan Capital". CNBC TV18.
  24. (21 March 2023). "Indiabulls Mutual Fund to become Groww MF soon: Here's all you need to know - CNBC TV18". CNBCTV18.

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companies-based-in-gurgaonfinancial-services-companies-of-indiaindian-companies-established-in-20002000-establishments-in-haryanafinancial-services-companies-established-in-2000conglomerate-companies-of-india