How Sameer Gehlaut is detoxifying Indiabulls

The group’s founder and chairman is paring his holdings and stepping away from the driver’s seat. Will it help Indiabulls chart a new course?

Not once. Sameer Gehlaut failed twice. That must have hurt someone who is used to having his way. Unable to get a banking licence, the Indiabulls Group founder and chairman has now changed tack.

Gehlaut is stepping away even as the Indiabulls Group is charting a new course after two decades of operating in the real estate and shadow banking sectors. 

The group, which started as an online brokerage firm in 1999, expanded into lending, real estate and power over time; recently it has added pharmaceuticals and healthcare. Among all these verticals, the group’s flagship entities are Indiabulls Housing Finance …

Author

Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.

Writer

advait@mailtmc.com

Mumbai

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking

furquan@mailtmc.com

Delhi