London-based Indian-born entrepreneur Sameer Gehlaut, founding father of Indiabulls Group, is eyeing up additional investments within the UK immediately following the sale of a giant stake in one among his firms, Indiabulls Housing Finance, to Blackstone, the Abu Dhabi Funding Authority, amongst others.
Gehlaut is the founding father of Indiabulls, one among India’s largest conglomerates. The sale of round half of his stake in Indiabulls Housing Finance is a seminal transaction for Gehlaut and Indiabulls, having been purchased by top-tier institutional buyers together with Blackstone Group, the Abu Dhabi Funding Authority, Invesco, GMO, and funds of HSBC. Yesterday, Gehlaut mentioned that he would proceed to carry a big proportion of shares in Indiabulls Housing to “take part sooner or later development story of the corporate.”
Gehlaut based the enterprise in 1999 from a single workplace, and inside three years the corporate had constructed a community of over 300 branches throughout high 100 Indian cities, shortly changing into one of many profitable conglomerates in India. For the reason that enterprise IPO’d in 2004, it has been a stock-market favorite in India, delivering a 25% CAGR over the past 17 years. At this time, the Group employs over 25,000 individuals, with companies lively throughout housing finance, digital well being app Dhani, actual property and prescription drugs. Gehlaut had earlier this 12 months bought his actual property enterprise after merging it with a platform jointly-owned by Embassy and Blackstone.
Gehlaut is now eyeing up investments within the UK, particularly within the fintech and health-tech areas. Gehlaut already has important enterprise pursuits in London, having based Clivedale, an actual property developer based mostly within the capital that’s at the moment creating The Residences on the Mandarin Oriental in London’s Hanover Sq..
Clivedale additionally developed quite a few super-prime, iconic developments in London, together with 73-77 Brook Avenue, Carlton Home Terrace and Mayfair Park Residences. Gehlaut was additionally one of many first exterior buyers in enterprise lender and fintech unicorn OakNorth Financial institution, taking a 40 p.c stake within the firm on the time.
A spokesperson for Mr. Gehlaut mentioned: “Mr. Gehlaut not too long ago bought a big stake in Indiabulls Housing. Mr. Gehlaut has been investing within the UK for greater than a decade, and has all the time seen London as a lovely market as an investor not just for actual property however for the following era of know-how entrepreneurs, who’re persevering with to disrupt finance, healthcare, and different sectors globally.”
Gehlaut can be CEO of Dhani Companies, the Indian digital start-up focussed on constructing a world-class fintech and digi-health platform. Utilized by greater than 30 million individuals throughout India, it gives customers with transaction finance, digital physician appointments, deep reductions on drugs and doorstep supply of pharmacy items. In 2011, Gehlaut helped to ascertain the Indiabulls Basis that, amongst different life-enhancing programmes, distributed 2.5 million COVID healthcare kits throughout India through the pandemic.
