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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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sameer Gehlaut
Sameer Gehlaut (born 3 March 1974) is an Indian businessman. He is the founder and chairman of the Indiabulls Group, a diversified financial services group with businesses in housing and consumer finance through independent and listed companies in the Indian stock exchanges. Early life and education Gehlaut was born in a Jat family in Rohtak, Haryana, on 3 March 1974 and graduated in Mechanical engineering from the Indian Institute of Technology Delhi, Indian Institute of Technology, New Delhi in 1995. Career In 1999, just a few years after graduating, Gehlaut co-founded Indiabulls as an online stock brokerage, starting operations from a small office in Delhi with two college friends from Indian Institutes of Technology, IIT. The young Indiabulls team managed to attract prominent investors – for example, industrialist Lakshmi N. Mittal and US-based Farallon Capital invested in the company in its early years. Gehlaut took Indiabulls to the public markets in September 2004, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhani (company)
Dhani is an Indian software company. Its app provides digital financial and Healthcare industry, healthcare services. History The company was founded by Sameer Gehlaut in 1995, as Indiabulls Ventures Limited which was later renamed Dhani Services Limited in October 2020 to accommodate the consumer business of the Indiabulls Group under one brand name. In 2017, one of its subsidiaries, Indiabulls Consumer Finance Limited launched an app-based lending platform primarily focused on the personal loans' domain. In October 2020, the subsidiary also adopted a new name as Dhani Loans & Services Limited. Another subsidiary, Indiabulls Securities Limited adopted a new name Dhani Stocks Limited in 2020 and a new company Dhani Healthcare Limited was incorporated to offer telemedicine and online pharmacy services. Funding *In October 2020, Dhani raised ₹1.47 billion by issuing 8.4 million shares to New York-based NWH Management, NWI Management. *Again, in October 2020, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sammaan Capital
Sammaan Capital Ltd, formerly ''Indiabulls Housing Finance Ltd'', incorporated in 2005, is registered with and regulated by National Housing Bank National Housing Bank (NHB), is a regulatory body for overall regulation and licensing of housing finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India. It was set up on 9 July 1988 under the Na ... (NHB). It is engaged in the business of providing home loans and loan against property. It also provides corporate mortgage loan - lease rental discounting and residential construction finance. Sammaan has built an asset-light retail business and has disbursed ~₹ 13,000 crore with its 8 co-lending partners. History In 2013, Indiabulls Financial Services reverse merged with its wholly-owned subsidiary, Indiabulls Housing Finance, to form the flagship company of the Indiabulls group. Indiabulls Housing Finance Ltd’s name has been changed to Sammaan Capital Ltd, following its trans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lakshmi Vilas Bank
Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. , the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank. History Lakshmi Vilas Bank was founded in 1926 by a group of seven businessmen of Karur under the leadership of V. S. N. Ramalinga Chettiar. Their objective was to cater to the financial needs of people in and around Karur who were occupied in trading businesses, industry and agriculture. The bank was incorporated on 3 November 1926 under the Indian Companies Act, 1913, and obtained the certificate to commence business on 10 November 1926. Subsequent to introduction of the Banking Regulations Act, 1949 and Reserve Bank of India as the regulator for the banking sector, the bank obtained its banking license from RBI on 19 June 1958, and on 11 August 1958 it became a 'scheduled commercial bank' signifying capability to operate as a full-fledged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saurabh Mittal
Saurabh Mittal (born 1973) is a Singapore-based Indian businessman, entrepreneur, investor, and philanthropist. He is the founder and chairman of Mission Holdings, a private investment holding company. Education Mittal attended the Indian Institute of Technology in Delhi for a BS in Electrical engineering, where he was the Best Graduating Student. Mittal also holds an MBA from Harvard Business School and graduated as a Baker Scholar. Career In 1999, Mittal co-founded Indiabulls, a financial services and real estate conglomerate in India, with his undergraduate classmates from the Indian Institute of Technology. He served as Vice chairman of its board of directors until he stepped down in 2014. He later joined Farallon Capital as an investment associate in 2001 before he became a full partner at Noonday Capital, an affiliate of Farallon, in 2005. Mittal left both Farallon and Noonday in 2011. While studying for his MBA at Harvard Business School, Mittal befriended Chat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NIFTY 50
The NIFTY 50 is an Indian stock market index that represents the Capitalization-weighted index#Free-float weighting, float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange of India, National Stock Exchange. Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India. The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1000 as its base value. The NIFTY 50 index ecosystem consists of index funds (both onshore and offshore mutual funds and exchange-traded fund, ETFs), and Derivative (finance), futures and options at National Stock Exchange of India, NSE and NSE International Exchange (through GIFT Nifty). In 2016, NIFTY 50 was reported by the World Federation of Exchanges, WFE and Futures Industry Association, FIA as the world's most actively traded index Option (finance), options contract, but it was later overtaken by Nifty Bank. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RattanIndia
RattanIndia Enterprises Ltd, formerly RattanIndia Infrastructure Ltd., is an Indian company that is involved in the energy sector. The traditional focus of the company was on coal on thermal power; however, the company has expanded its scope more recently, focusing more on emerging technologies and e-commerce. The company supplies electricity to Maharashtra state and uses coal from South Coalfields Limited and Mahanadi Coalfields Limited. History Rattan India was the outcome of the split of Indiabulls where the energy component was named as RattanIndia in 2014. The company is listed on National Stock Exchange and Bombay Stock Exchange. Brickwork Ratings provided the rating for the Bank Loan Facilities of aggregating to Rs.7617.99 Crs in October 2020. RattanIndia has two thermal power plants: the first is the Nashik power plant that was reported stranded in 2020 due to no long-term purchase agreements and conflicts on land acquisition. The other power plant is in Amravati th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Embassy Group
Embassy Group or Embassy Property Developments Pvt. Ltd is an Indian real estate developer based in Bengaluru, established in 1993. The group is into real estate development for verticals like commercial, residential, hospitality, industrial warehouse spaces, services, retail and education. The company has developed projects in Indian cities such as Bengaluru, Chennai, Hyderabad, Pune, Coimbatore, Trivandrum, and two countries overseas (Serbia and Malaysia). Embassy Group is headed by Jitu Virwani, Chairman & Managing Director of the group. Embassy also operates a real estate investment trust (REIT), called Embassy Office Parks REIT, which is the first listed REIT in India and Asia's largest office REIT by area. History In 2024, India's securities regulator SEBI directed Embassy Office Parks Management Services (the manager of Embassy Office Parks REIT Ltd) to suspend Aravind Maiya as CEO after an investigation by the National Financial Reporting Authority (NFRA) found "serio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with the efforts of cotton merchant Premchand Roychand in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. History Bombay Stock Exchange was founded by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a Banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Stock Exchange Of India
National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is an Indian stock exchange based in Mumbai. It is the List of stock exchanges, 5th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. NSE is under the ownership of various financial institutions such as banks and insurance companies. As of 2024, it is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2023. History National Stock Exchange was incorporated in 1992 to bring about transparency in the Indian equity markets. NSE was set up at the behest of the Government of India, based on the recommendations laid out by the Manohar J. Pherwani, Pherwani committee in 1991 and the blueprint was prepared by a team of five members (Ravi Narain, Raghavan Puthran, K Kumar, Chitra Ramkrishna and Ashishkumar Chauhan) along with R H Patil and Sure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Group
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law and accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole. If the corporations are engaged in entirely different businesses, the group is called a conglomerate. The forming of corporate groups usually involves consolidation via mergers and acquisitions, although the group concept focuses on the instances in which the merged and acquired corporate entities remain in existence rather than the instances in which they are dissolved by the parent. The group may be owned by a holding company which may have no actual operations. Black Bear Development, conceptualized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
