Sobha Limited (formerly Sobha Developers Limited) is an Omani[1] multinational real estate developer with its headquarters in Dubai, UAE and a corporate office in Bangalore, India[2]
 | |
| Company type | Public |
|---|---|
| Industry | Real estate development, construction |
| Founder | P. N. C. Menon (Chairman Emeritus) |
| Headquarters | |
Key people |
|
| Revenue |  ₹2,190.40 crore (US$270 million) (2021) |
| ₹676.39 crore (US$85 million) (2021) | |
| ₹62.27 crore (US$7.8 million) (2021) | |
| Total assets |  ₹11,208.25 crore (US$1.4 billion) (2021) |
| Total equity | ₹2,427.74 crore (US$300 million) (2021) |
Number of employees | 3000+ (2021) |
| Parent | Sobha Realty |
History edit
Sobha Realty is an international luxury developer. Established in 1976 as an interior decoration firm in Oman by P.N.C. Menon – an entrepreneur, the company has grown its presence with developments and investments in the UAE, Oman, Bahrain, Brunei and India.
Sobha Limited was founded on 7 August 1995 by P. N. C. Menon.[3] The company is also planning to invest ₹500 crore residential development in Gujarat International Finance Tec-City (GIFT City).[4][5][6]
The company changed its name to "Sobha Limited" on 18 August 2014.[7]
They have achieved growth with backward integration in the construction and real estate development business in India.[8] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has 64 live residential projects currently in the city of bangalore. The company has a geographic presence in 27 cities in 14 states.[9] Internationally, Sobha Ltd has operations running in Oman and Dubai[10][11][12] as Sobha Realty.
References edit
- ^ "Indian billionaire PNC Menon of Sobha Group says he gives half of his wealth to charity". YouTube.
- ^ "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.
- ^ "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of SOBHA – NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016.
- ^ "Sobha to invest Rs 500 cr on housing project at GIFT City – Times of India". The Times of India. Retrieved 22 August 2018.
- ^ "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 22 August 2018.
- ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. Retrieved 22 August 2018.
- ^ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
- ^ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 25 June 2013.
- ^ "Sobha Developers Company Locations". Magic Bricks. Retrieved 2 July 2020.
- ^ "Sobha city Project". khaleej Times. Retrieved 6 February 2012.
- ^ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.
- ^ "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.