Indiabulls : By Indian Bulls
Who would have thought that three 30-year-old entrepreneurs wo-rking from two computers in a tin-roofed office near the Hauz Khas bus terminal in New Delhi would enter The Billionaire Club list six years later?
We’re talking about Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal, promoters of Indiabulls Financial Services, whose combined 31 per cent stake in the company is today worth over Rs 11.50 billion. These three IIT-Delhi alumni have come a long way from their Hauz Khas days – their business today has a market cap of Rs 3,700 crore, and they claim 1.4 lakh clients across 95 cities, serviced through a network of nearly 250 offices and 3,500 employees.
Indiabulls Financial Services Ltd is among India’s leading retail financial services company providing a diverse array of financial products and services through its nation wide network of over 270 Indiabulls offices located in over 90 cities. Indiabulls, along with its subsidiary companies, offers consumer loans, brokerage and depository services, mutual funds, personal loans, home loans and other financial products and services to the retail mass markets. The company serves over 1,70,000 customers across different financial products through its network of branch offices, call centers and Internet.With a market value of Rs 29,000 crore and a net worth of Rs 8,000 crore, the eight-year-old Indiabulls group has sky-high ambitions. Property development and consumer finance are the current thrust areas. Retailing, insurance, banking, mutual funds, power and telecom are on the cards.