Sameer Gehlaut
Sameer Gehlaut | |
|---|---|
Gehlaut in 2015 | |
| Born | Sameer Gehlaut 3 March 1974 |
| Citizenship | Indian |
| Education | Bachelor in Mechanical Engineering |
| Alma mater | Indian Institute of Technology, Delhi |
| Occupations | Chairman and Founder of Indiabulls Group |
| Spouse | Divya S Gehlaut |
| Children | 2 |
Sameer Gehlaut (born 3 March 1974) is an Indian businessman. He is the founder and chairman of the Indiabulls Group,[1][2][3][4] a financial services conglomerate.
Early life and education
Gehlaut was born in Rohtak, Haryana, on 3 March 1974.[1] His mother Krishna Gahlawat is a politician, who was part of the Haryana Vikas Party and the Indian National Congress, before joining the Bharatiya Janata Party in 2014.[5]
Gehlaut graduated in mechanical engineering from the Indian Institute of Technology, New Delhi in 1995.
Career
Indiabulls
In 1999, Gehlaut co-founded Indiabulls as an online stock brokerage, starting operations from a small office in Delhi with two college friends from IIT.[6][7][8] In September 2004, Indiabulls Financial Services had its initial public offering.[8] In 2005, Indiabulls acquired defunct mill properties in Central Mumbai (Jupiter Mills and Elphinstone Mills), which led to the creation of Indiabulls Real Estate (IBREL). It operated commercial and residential projects in Mumbai, Delhi and London.[8][9] Indiabulls set up power generation projects in the late 2000s.[10]
In 2014, the Indiabulls Group was split between the three co-founders, with Gehlaut retaining control of Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services.[11][12]
In 2016, Gehlaut was named in the Panama Papers; an Indian Express report alleged that Gehlaut had acquired real estate properties in London through a chain of family-owned offshore entities without requisite public disclosures.[13] Gehlaut said he had paid all taxes and made full disclosures.[14]
Gehlaut resigned from the board of Indiabulls Real Estate in October 2021[15] and the board of Indiabulls Housing Finance in March 2022.[16] Gehlaut exited Indiabulls Housing Finance by selling his remaining stake in 2023.[17]
Clivedale
In November 2019, Gehlaut was named in a quid pro quo loan case, along with Yes Bank's Rana Kapoor family.[18] In March 2020, days after he left for London, the Enforcement Directorate issued a summons to Gehlaut in relation to the case; Gehlaut said he was unable to join the investigation citing the COVID-19 lockdown.[19]
Since March 2020, Gehlaut has been based in London,[19] where he has invested in multiple high-end real estate projects through his family office called Clivedale.[20][21] Moneycontrol reported in November 2025 that Clivedale is a fintech company which claimed to have £2.5 billion in retail deposits.[22]
Personal life
Gehlaut is married to Divya S Gehlaut,[1] the daughter of politician Sumita Singh, a former two-term Congress MLA from Karnal, Haryana.[5]
Gehlaut's brother Narendra Gehlaut is married to politician Jyoti Mirdha, a former Congress MP from Nagaur, Rajasthan.[5]
References
- ^ a b c "Forbes List - Sameer Gehlaut & family". Forbes.
- ^ "Forbes Billionaires List 2017: Here are the 10 youngest billionaires in India". The Business News, The Indian Express. 12 September 2017.
- ^ "Meet the 6 youngest self-made Indian billionaires under 50". Yahoo! Finance.
- ^ "The World's Billionaires - Sameer Gehlaut". Forbes.
- ^ a b c Guha Thakurta, Paranjoy (30 September 2019). "The Maze of Political Links of Indiabull's Sameer Gehlaut". NewsClick. Retrieved 21 November 2025.
- ^ "Three Indians among Forbes Web Billionaires". The Economic Times. 2008-09-12. ISSN 0013-0389. Retrieved 2025-02-27.
- ^ "The Rs 29,000-crore surprise". Business Today (India). 4 October 2007.
- ^ a b c M & A Critique (2015-12-08). "Zeal to Excel : Sameer Gehlaut | Indiabulls Group | M&A Critique". Retrieved 2025-02-27.
- ^ "Rating Rationale - Indiabulls Housing Finance Limited". CRISIL.
- ^ "Three Indians among Forbes Web Billionaires". The Economic Times. 2008-09-12. ISSN 0013-0389. Retrieved 2025-02-27.
- ^ "Indiabulls' three promoters split Rs 8.8k cr group". The Times of India. 10 July 2014. Retrieved 2 August 2023.
- ^ Kamath, Raghavendra (10 July 2024). "Indiabulls promoters split empire". Business Standard. Retrieved 21 November 2025.
- ^ Mazoomdaar, Jay (4 April 2016). "Paying for real estate deals: Karnal to London via Bahamas, the route Indiabulls promoter took". The Indian Express. Retrieved 21 November 2025.
- ^ "Panama Papers: DLF, Apollo Tyres, IndiaBulls deny violating laws". Times of India. April 4, 2016. Archived from the original on April 11, 2016. Retrieved April 23, 2016.
- ^ "Sameer Gehlaut resigns as non-executive chairman of Indiabulls Real Estate". Moneycontrol. 14 October 2021. Retrieved 21 November 2025.
- ^ Nahar, Pawan (15 March 2022). "Indiabulls Housing rallies 13% on Sameer Gehlaut's resignation". The Economic Times. Retrieved 21 November 2025.
- ^ "Indiabulls' Gehlaut to exit flagship housing finance company". The Times of India. 29 July 2023. Retrieved 21 November 2025.
- ^ Dhara, Tushar (25 November 2019). "New affidavit in Indiabulls case accuses Yes Bank of dubious loans of thousands of crores". The Caravan. Retrieved 21 November 2025.
- ^ a b Thakur, Pradeep (19 March 2020). "Indiabulls boss in UK, says can't join ED probe due to flight bar". The Times of India. Retrieved 21 November 2025.
- ^ Neville, Matthew (23 September 2022). "Entrepreneur pouring millions into London's "world-class" property market". Bdaily Business News. Retrieved 21 November 2025.
- ^ Moffitt, Will (5 November 2023). "Indian impact". Mayfair Times. Retrieved 21 November 2025.
- ^ Burugula, Pavan (20 November 2025). "Explained: Who is Sameer Gehlaut and what is the Sammaan Capital case about?". Moneycontrol. Retrieved 21 November 2025.