Indiabulls
A non-banking financial company that provides loans and other credit facilities primarily to corporate customers in India.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
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Indiabulls Group operates as a diversified financial services conglomerate with its origins tracing back to 2000. The company was established by Sameer Gehlaut, a first-generation entrepreneur, along with Saurabh Mittal and Rajiv Rattan. Gehlaut, an engineering graduate from IIT Delhi, ventured into the financial sector after an initial stint in the oil and gas industry, identifying a significant opportunity in the burgeoning Indian economy. The group initially began as a stockbroking firm, capitalizing on the early internet boom in India to offer online brokerage services.
Over the years, Indiabulls has strategically expanded its portfolio, evolving into a significant player in various sectors. The group's primary business activities are concentrated in housing finance, consumer finance, and pharmaceuticals. Through its publicly listed entity, Indiabulls Housing Finance Ltd., the company provides mortgage and home loan products to a broad spectrum of individual and corporate clients across India. Another key entity, Indiabulls Consumer Finance Limited (now known as Dhani Loans and Services Limited), focuses on personal loans and other consumer credit products, leveraging a digital-first approach to reach its customer base. Revenue is primarily generated through interest income on its loan portfolios, as well as fees for financial services rendered.
The group's business model is anchored on providing accessible credit and financial solutions to the retail and corporate segments. In the housing finance sector, it competes by offering a range of mortgage products, while its consumer finance arm utilizes technology to streamline the lending process, offering instant loan disbursals through a mobile application. A notable strategic shift involved the demerger of its real estate business, which now operates as a separate entity, Indiabulls Real Estate. Furthermore, the group ventured into the pharmaceutical sector with Indiabulls Pharmaceutical Limited, aiming to build a presence in the healthcare market. This diversification strategy reflects a broader ambition to build a multi-faceted business conglomerate catering to key sectors of the Indian economy.
Keywords: financial services, housing finance, consumer lending, stockbroking, real estate, pharmaceuticals, mortgage loans, personal loans, Indian market, diversified conglomerate
