Sameer Gehlaut

Last updated
Sameer Gehlaut
Chairman web1.jpg
Gehlaut in 2015
Born
Sameer Gehlaut

(1974-03-03) 3 March 1974 (age 52)
Rohtak, Haryana, India
CitizenshipIndian
EducationBachelor in Mechanical Engineering
Alma mater Indian Institute of Technology, Delhi
OccupationFounder of Indiabulls Group

Sameer Gehlaut (born 3 March 1974) is an Indian businessman. He is the founder of the Indiabulls Group, a financial services conglomerate. [1] Gehlaut led the company until stepping down from the boards of Indiabulls Real Estate in 2021 and Indiabulls Housing Finance in 2022, subsequently exiting his stake in the flagship housing finance firm. [2] [3]

Contents

Since 2016, Gehlaut and his associated corporate entities have been the subject of multiple financial and regulatory investigations. Following his inclusion in the 2016 Panama Papers leak, [4] he has faced scrutiny from the Enforcement Directorate regarding alleged loan irregularities. Following a 2020 summons by the Enforcement Directorate, Gehlaut relocated to London, where he manages his family office, Clivedale. [5]

Early life and education

Gehlaut was born in Rohtak, Haryana, on 3 March 1974. [1] His mother, Krishna Gahlawat, is a politician who was part of the Haryana Vikas Party and the Indian National Congress, before joining the Bharatiya Janata Party in 2014. [6]

Gehlaut graduated with a bachelor's degree in mechanical engineering from the Indian Institute of Technology, Delhi in 1995. [1]

Career

Indiabulls

In 1999, Gehlaut co-founded Indiabulls as an online stock brokerage with two partners from the IIT. [7] [8] [9] In September 2004, Indiabulls Financial Services had its initial public offering. [9] In 2005, Indiabulls acquired defunct mill properties in Central Mumbai to establish Indiabulls Real Estate (IBREL), expanding into commercial and residential projects across Mumbai, Delhi, and London. [9] [10] The group also set up power generation projects in the late 2000s. [7]

In 2014, the Indiabulls Group was split between the three co-founders, with Gehlaut retaining control of flagship entities including Indiabulls Housing Finance and Indiabulls Real Estate. [11] [12]

Gehlaut resigned from the board of Indiabulls Real Estate in October 2021 [13] and the board of Indiabulls Housing Finance in March 2022. [2] Gehlaut exited Indiabulls Housing Finance by selling his remaining stake in 2023. [3]

Clivedale

Since March 2020, Gehlaut has been based in London, where he manages his family office, Clivedale. [5] Through Clivedale, he has invested in multiple high-end real estate projects. [14] [15] In November 2025, Moneycontrol reported that Clivedale also operates as a fintech company, claiming £2.5 billion in retail deposits. [16]

In 2016, Gehlaut was named in the Panama Papers; an Indian Express report alleged that Gehlaut had acquired real estate properties in London through a chain of family-owned offshore entities without requisite public disclosures. [4] Gehlaut stated he had paid all taxes and made full disclosures. [17]

In November 2019, Gehlaut was named in a quid pro quo loan case alongside Yes Bank founder Rana Kapoor. [18] In March 2020, the Enforcement Directorate issued a summons to Gehlaut in relation to the investigation; Gehlaut stated he was unable to appear, citing the COVID-19 lockdown and his relocation to London. [5]

Personal life

Gehlaut is married to Divya S Gehlaut, [1] the daughter of Sumita Singh, a former two-term Congress MLA from Karnal, Haryana. [6]

Gehlaut's brother, Narendra Gehlaut, is married to Jyoti Mirdha, a former Congress MP from Nagaur, Rajasthan. [6]

References

  1. 1 2 3 4 "Profile: Sameer Gehlaut". Forbes . Archived from the original on 30 May 2023. Retrieved 20 April 2026.
  2. 1 2 Nahar, Pawan (15 March 2022). "Indiabulls Housing rallies 13% on Sameer Gehlaut's resignation". The Economic Times . Archived from the original on 5 April 2022. Retrieved 20 April 2026.
  3. 1 2 "Indiabulls' Gehlaut to exit flagship housing finance company". The Times of India . 29 July 2023. Archived from the original on 1 August 2023. Retrieved 20 April 2026.
  4. 1 2 Mazoomdaar, Jay (4 April 2016). "Paying for real estate deals: Karnal to London via Bahamas, the route Indiabulls promoter took". The Indian Express . Archived from the original on 1 January 2024. Retrieved 20 April 2026.
  5. 1 2 3 Thakur, Pradeep (19 March 2020). "Indiabulls boss in UK, says can't join ED probe due to flight bar". The Times of India . Archived from the original on 21 November 2023. Retrieved 20 April 2026.
  6. 1 2 3 Guha Thakurta, Paranjoy (30 September 2019). "The Maze of Political Links of Indiabull's Sameer Gehlaut". NewsClick. Archived from the original on 1 December 2023. Retrieved 20 April 2026.
  7. 1 2 "Three Indians among Forbes Web Billionaires". The Economic Times . 12 September 2008. ISSN   0013-0389. Archived from the original on 6 May 2021. Retrieved 20 April 2026.
  8. ↑ "The Rs 29,000-crore surprise". Business Today (India) . 4 October 2007. Archived from the original on 1 December 2023. Retrieved 20 April 2026.
  9. 1 2 3 "Zeal to Excel: Sameer Gehlaut". M&A Critique. 8 December 2015. Archived from the original on 5 June 2023. Retrieved 20 April 2026.
  10. ↑ "Rating Rationale - Indiabulls Housing Finance Limited". CRISIL . Archived from the original on 1 January 2024. Retrieved 20 April 2026.
  11. ↑ "Indiabulls' three promoters split Rs 8.8k cr group". The Times of India . 10 July 2014. Archived from the original on 25 September 2022. Retrieved 20 April 2026.
  12. ↑ Kamath, Raghavendra (10 July 2014). "Indiabulls promoters split empire". Business Standard . Archived from the original on 15 July 2014. Retrieved 20 April 2026.
  13. ↑ "Sameer Gehlaut resigns as non-executive chairman of Indiabulls Real Estate". Moneycontrol . 14 October 2021. Archived from the original on 14 October 2021. Retrieved 20 April 2026.
  14. ↑ Neville, Matthew (23 September 2022). "Entrepreneur pouring millions into London's "world-class" property market". Bdaily Business News. Archived from the original on 1 February 2023. Retrieved 20 April 2026.
  15. ↑ Moffitt, Will (5 November 2023). "Indian impact". Mayfair Times. Archived from the original on 1 January 2024. Retrieved 20 April 2026.
  16. ↑ Burugula, Pavan (20 November 2025). "Explained: Who is Sameer Gehlaut and what is the Sammaan Capital case about?". Moneycontrol . Archived from the original on 25 November 2025. Retrieved 20 April 2026.
  17. ↑ "Panama Papers: DLF, Apollo Tyres, IndiaBulls deny violating laws". The Times of India . 4 April 2016. Archived from the original on 11 April 2016. Retrieved 20 April 2026.
  18. ↑ Dhara, Tushar (25 November 2019). "New affidavit in Indiabulls case accuses Yes Bank of dubious loans of thousands of crores". The Caravan. Archived from the original on 15 January 2024. Retrieved 20 April 2026.
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