Sameer Gehlaut

Sameer Gehlaut is a first-generation entrepreneur, businessperson, and founder of the Indiabulls Group. Under his leadership, Indiabulls has grown into one of India’s largest and most profitable conglomerates, employing more than 19,000 people across housing finance, digital finance and healthcare, real estate and pharmaceuticals. Since founding, Mr. Gehlaut has established Indiabulls as one of the country’s foremost institutional-grade businesses by constantly pushing it into new sectors where it can make a positive difference through innovation whilst delivering outstanding returns to investors. Mr. Gehlaut's vision in the ensuing years served as the guiding light for Indiabulls as the company grew from strength to strength and diversified from being a broking services business to a large financial services conglomerate. Over the last 10 years, the Group has paid out in excess of $1.8 billion in dividends to investors across its various companies and, since the business’ initial public offering in 2004, it has delivered returns at a Compound Annual Growth Rate (CAGR) of 35% to shareholders. Today, the Group has a market capitalisation of $5 billion. The Group’s flagship housing finance company, Indiabulls Housing, is the third-largest mortgage provider in India with over 500,000 retail and corporate customers. The business is AA rated from S&P company CRISIL and is chaired by the former Deputy Governor of Reserve Bank of India, Mr. Subhash Sheoratan Mundra. Other Non-Executive Directors include Justice Mrs. Gyan Sudha Misra, a former judge on the Indian Supreme Court, and Mr. Satish Chand Mathur, the former Director-General of Police for Maharashtra. Mr. Gehlaut remains a Non-Executive Director at the company. He remains Chairman at Indiabulls Real Estate, which is one of the leading development companies in India focussing on residential and commercial property. Over the last three years, it has sold multiple commercial office developments to Blackstone, one of the largest investment companies in the world, for over $1.8 billion. Over recent years, Mr. Gehlaut has focussed on scaling up Dhani Services, where he serves as Executive Chairman & CEO. In 2017, anticipating the shift towards mobile, Mr. Gehlaut launched Dhani which provides consumers with convenient access to healthcare, well-being, and financial services from their smartphones. The app now provides more than 26 million people across India with virtual doctor appointments, discounts on medicine, door-to-door delivery on pharmacy products, as well as access to insurance, and other financial services. Outside of India, Mr. Gehlaut is founder of Clivedale Group. Based in London, Clivedale operates as Mr. Gehlaut's private family office and is principally focused on the construction and development industry. Established in 2012, Clivedale has an expanding portfolio of super-prime and luxury real estate, including hospitality, commercial, and residential developments at some of Londons' most prestigious addresses. He was also the driving force behind Indiabulls’ $100 million investment into OakNorth Bank, the UK business lender, which has lent in excess of £5 billion to British businesses, created more than 22,500 jobs across the country, and was recently ranked as Europe’s fastest-growing business. It has provided finance for over 17,500 homes. In 2010, Mr. Gehlaut helped establish the Indiabulls Foundation, the CSR arm of Indiabulls. Since its inception, the Foundation has provided life-enhancing support to more than 7.5 million disadvantaged people. It has provided medical treatment to more than four million people through its convoy of healthcare vans, and it recently distributed 2.5 million COVID-19 healthcare kits free of charge. Mr. Gehlaut holds a B.Tech in Mechanical Engineering from the Indian Institute of Technology.