Indiabulls Group

The Indiabulls Group, headquartered in Gurugram, is a major Indian conglomerate with core operations in housing finance, consumer finance, and real estate. The group's diversified presence extends to wealth management, construction equipment rentals, pharmaceuticals, and LED lighting. Established in 2000 by three IIT Delhi graduates—Sameer Gehlaut, Rajiv Rattan, and Saurabh Mittal—Indiabulls started as a stockbroking firm, Indiabulls Financial Services. Over the years, the group expanded its portfolio to include subsidiaries in stockbroking, consumer finance, housing finance, and real estate. The group underwent significant corporate events, such as Indiabulls Financial Services going public in 2004 and subsequent demergers of Indiabulls Real Estate in 2006 and Indiabulls Securities in 2008. In 2013, a reverse merger occurred with Indiabulls Financial Services and its wholly-owned subsidiary, Indiabulls Housing Finance, forming the flagship company. By 2017, Indiabulls Housing Finance emerged as India's second-largest housing finance company and joined the NIFTY 50 benchmark index. However, between late 2018 and 2019, the company faced challenges, including a credit market crisis, a shrinking balance sheet, fraud allegations against group promoters, and a failed merger with Lakshmi Vilas Bank. In response, the group announced plans to exit Indiabulls Real Estate in 2020 through a merger with Embassy Group entities. In 2021, Groww acquired Indiabulls AMC, the mutual funds business of the group, for ₹175 crore. The group continues to adapt to the evolving business landscape. For those encountering concerns related to Indiabulls Group , a platform for filing complaints is available. By raising an issue, individuals can tap into the support of a dedicated team of experts who will guide them through the process, ensuring their grievances are heard and appropriate actions are taken for a satisfactory resolution.