We are talking about Sameer Gehlot, youngest self-made first generation entrepreneur, owner of India Bulls, a well-known real estate and housing finance company.
Forbes has declared him India’s youngest billionaire. He has established a company worth 34 thousand crores. Sameer Gehlaut is a founder of the Indiabulls group. He is an Indian entrepreneur.
Indiabulls is an Indian financial services and property conjunction. Indiabulls is known as the highest dividend paying groups amongst the Indian listed promoter owned group/companies.
He is a founder & chairperson of Indiabulls group. He was described as “India’s youngest self-made billionaire” by Forbs.
Sameer Gehlot Personal Life
Sameer was born on 3rd March 1974 in Rohtak, Haryana, India. His father’s name is Balvan sing & his mother’s name is Krishna.
His father was known as a powerful mining businessperson of his times. He got married to Divya Gehlaut. The couple have two children.
Education
He received his engineering degree (B.Tech) in Mechanical Engineering from Indian Institute of Technology, Delhi in 1995.
Sameer studied mechanical engineering from IIT Delhi and then went to America to work. After working for two years in America.
He returned to India to join the family business. When he returned to India, he came to know about the sale of a company.
Entrepreneurial Journey
Sameer bought that company without any delay along with his friend Rajeev Rattan. He started the company from a small shop in Hauz Khas, Delhi.
After working hard for a year, that company became India’s first internet based brokerage services company. He named his company India Bulls Financial Services.
Sameer founded Indiabulls Group in 1999. It was one of the India’s first online brokerages.
He founded it from a small office with two co-founders. He led the business through its IPO in 2004.
The company expanded into consumer lending, business, providing home & vehicle loans in the same year.
Growth
It was one of the first companies in India, which allows customers to apply for consumer loans & mortgages online.
Today India Bulls is the largest online and retail brokerage firm in the country. Sameer Gehlot is only 42 years old and is among the richest people not only in India but in the world.
Net Worth of Sameer Gehlot
His net wealth was estimated to be around 8 thousand crores. About 7 thousand people work in Indiabulls. He led the company expanded into real estate by purchasing a land in Mumbai in 2005.
The real estate arm completed the construction of the Indiabulls Blu Estate & Club residential towers in Worli, South Mumbai in 2019.
After few years in 2012, he established Clivedale. Basically, Clivedale is a UK real estate developer based in Mayfair, London.
It developed The Residences at the Mandarin Oriental in Hanover Square in 2021. Again, in 2015 he invested into OakNorth Bank, the UK business lender.
Sameer Gehlot was one of the OakNorth’s earliest investors. He took 40% stake in the company. As of 2015, the group holds a market valuation of more than 34,000 crores with 7000 employees.
He launched Dhani in 2017. Dhani is a healthcare and financial services app, under the auspices of Indiabulls Ventures.
Later he renamed it as Dhani Services. Sameer established the Indiabulls Foundation in 2010. This venture has provided support to over 7.5 million people.
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During the COVID-19 pandemic, the Indiabulls Foundation distributed healthcare kits in 2021.