Sameer Gehlaut : Youngest self made billionaire of India
Published by admin on June 5th, 2008 | Tagged Achievers, Billionaires, Business, Entrepreneurship
Update: According to the Forbes’ 2009 list of the worlds billionaires, Sameer Gehlaut lost his billionaire status with an estimated loss of $ 1 Billion.
Billionaire Sameer Gehlaut of Indiabulls :
Young entrepreneur Sameer Gehlaut established Indiabulls in 2000, after acquiring Inorbit Securities, a stock brokerage company in Delhi. The group started its operations from a small office near Hauz Khas bus terminal in Delhi.The office had a tin roof and two computers.
In less than 10 years the group has become one of the leading financial services and real estate company in India,they have a land bank of 4000 acres.
Sameer Gehlaut is India’s youngest self made billionaire at just 34 years of age. According to Forbes (2008), he has a net worth of $1.2 billion.He is the 962nd richest person in the world and 45th richest in India.
Sameer Gehlaut completed his Mechanical Engineering from IIT Delhi in 1995 .He worked for Halliburton in the United States. He came back to India to start an earth moving and mining business ,which is presently run by his family.
In 2000 Sameer Gehlaut was only 26 when he started Indiabulls with the help of Saurabh Mittal and Rajiv Rattan.Mittal and Rattan were his friends at IIT Delhi.
Indiabuls were the pioneers in the online brokerage business segment. The company had a young management team and were able to raise money from time to time. Its investors included LN Mittal and Farallon Capital . In September 2004 the company came out with its IPO.
Indiabulls started as an online brokerage company but over the years they have added new products and services .They also entered into new business segments.The group’s business interests include real estate ,consumer finance ,mortgages, retail and power.They have a market capitalization of more than Rs. 25000 crores.
We can recall that Indiabulls acquired 7.8 acres of land from NTC for Rs 441.75 crore,this was the Elphinstone Mills land in Lower Parel,Mumbai.They also acquired 11 acres of the Land from NTC for Rs 276.6 crore,this was the land of Jupiter Mills in Lower Parel,Mumbai.
Indiabulls acquired more than 115 acres of land in Sonepat,Haryana for developing residential real estate.
Indiabulls entered into a joint venture with Sogecap for its foray into the Life insurance business. Sogecap is the Life insurance subsidiary of the French company Societe Generale.
Saurabh Mittal and Rajiv Rattan have a net worth of around $ 500 million each.
27 Responses to “Sameer Gehlaut : Youngest self made billionaire of India”
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June 9th, 2008 at 1:12 am
An idea can change your life!!!
What a story?
October 19th, 2008 at 7:00 am
The thing is, how does one know the inner workings when starting a business that one is not familiar with?
October 19th, 2008 at 11:52 pm
You have to make your market research and get to know about the working model of the business.
Being unfamiliar with a particular business, is NO excuse for an entrepreneur to not to enter that business.
An entrepreneur’s job is to overcome all barriers and set his business up.
If you identify an opportunity,go for it.Your business plan needs to be well written,start to finish.
Take an example of Subhash Chandra of Zee TV.He did not have prior knowledge of the satellite TV industry.He made all his market research and then started Zee TV.
November 30th, 2008 at 12:24 pm
wah, kya baat hai
January 7th, 2009 at 9:06 am
HE IS AN INSPIRATION FOR PEOPLE WHO DARES TO DREAM AND ACHIEVE IT. IT’S THE SUCCESS OF POWER OF MIND AND EFFORT.
CONGRATULATIONS !
January 16th, 2009 at 1:22 am
The Sky has no limit, so we a skydriver.
January 25th, 2009 at 2:27 am
think big and u will get big , like my father
February 3rd, 2009 at 5:07 am
THERE IS A SUCCESS WAITING ONLY FOR U BEHIND THE RISK.
HENCE MORAL ALWAYAS PREPARE FOR TAKING RISK.
February 13th, 2009 at 2:59 pm
Success and wealth is always only one idea away for any person. And the one who finds out that clicking idea finds his share of wealth. I wish every indian understands this someday.
February 25th, 2009 at 9:22 pm
I think Idea should be supported by wealth to make it big success, to start of with. I did much research in Datacenter Technologies in Inida but can’t able to start till now as I never able to accumulate wealth/ money to start with that. There are may ideas and biz tycoons killed every day here….
March 2nd, 2009 at 12:11 pm
Great! The people who made good money through their innovative Business ideas are good. But it would be useful when successful people like “Sameer Gehlaut” help & allow to provide guidance to new business idea companies to get needed financial help & provide directions so that we would have lot of new companies to come up without much of struggles.
We are having Services Market Place http://www.eServicePlace.com , still looking for funding. It is real great idea but world accepts new concept only if it succeed else great ideas are being wasted.
Looking for successful companies or successful people could help to provide their valuable input.
Thanks,
Srini
http://SriniCenthala.blogspot.com
LinkedIn: hhttp://www.linkedin.com/in/srinicenthala
– Please link with me to share lot of Business ideas
March 5th, 2009 at 12:17 am
simply amazing….
hats off to their vision and courage….
March 11th, 2009 at 6:30 am
the right decisition at the right time will succeed in u r life.stoke broking is a proffessional bussiness when taken seriously
May 20th, 2009 at 3:06 am
Best of luck for his coming future…
July 9th, 2009 at 8:31 am
He is my boss …… and he is a rock star
August 13th, 2009 at 5:14 pm
Iam goin jooin them soon and make it their earlier…for sure
August 19th, 2009 at 2:03 am
He is a great man and a fare personality best of luck for his future
August 21st, 2009 at 10:04 am
He sure is a great personality. I feel proud for the moments of interaction with Sameer and Rajiv in 2000 when they were setting up their office in the basement of a house in Safdurjung Enclave. I was there to sell them and implement the Reuters financial system to provide almost real time feed from stock markets. He wanted the best of the technology implemented for his company.
Salute to the great person!!
October 10th, 2009 at 5:09 am
A extreme idea on perfact timing make people successful in life like Sameer
proved the same thing.
October 20th, 2009 at 2:19 pm
he is a great mind and a vice person. he has created so much in so less time. actually he has recognised the +ve energy around him and turned it into profits,, ignoring and fighting with all the -ve energy…
god bless him,, and i wish him success in his near future..
October 23rd, 2009 at 11:04 pm
Building such a magnificent wealth from scratch is not a joke!!!1
Hats off Sameer Gehlaut. Just in a span of 9 years of incorporation, Indiabulls has got huge credibility in the minds of people. with a Market capitalisation of Rs.25000 cr, Indiabulls is leapfrogging into many business sectors like-
Real estate.
Power.
Consumer finance.
Retail.
Credit services.
Multiplexes.
Mortgages.
The share price of Indiabulls now is trading in the range of 250-300. Once it reached a highest of Rs 625 from Rs 5, when it came for IPO.
No one has a thought that a 30-year-old entrepreneur working from two computers in a tin-roofed office near the Hauz Khas bus terminal in New Delhi would enter The Billionaire Club list six years later? Really a great achievement.
There are lots of opportunities open, all we have to do is observe them and follow.
October 23rd, 2009 at 11:51 pm
His success story is a great source of inspiration for aspiring entrepreneurs all over the world.
November 5th, 2009 at 3:54 am
U people dont know how to do the retail business
November 9th, 2009 at 11:14 am
In 2020 INDIA become a richest country in the world. At the same time
Top ten
billionaire
List in the world Mr. Sameer boss name we cAn able seen the list. It will happen.
All the best Boss…..
November 9th, 2009 at 11:30 am
In 2020 INDIA become a richest country in the world. At the same time
Top ten
billionaire
List in the world Mr. Sameer boss name we cAn able seen the list. It will happen.
All the best Boss…..
December 14th, 2009 at 1:36 am
indiabulls is a big company in india but his management is not good.many times the management transfer employees in other state but when they reach there branch office employee not join him because company don’t say direct employee to resign.its a very fipical problem for employees .more then two years company not apprisal employee salary.but when apprisal is come the best apprisal go on references employees who have not reference they have not get deserving apprisal.i am also past employee of indiabulls
January 17th, 2010 at 12:45 am
Miles to go before you sleep………………………….
Thanks a lot for make the HARYANA & JAT proud…