Sobha Ltd.

Sobha Ltd
Public
Traded as BSE: 532784
NSE: SOBHA
BSE SENSEX Constituent
Industry Real estate development, Construction,
Founder PNC Menon Chairman Emeritus
Headquarters Bangalore, Karnataka, India
Key people
 Ravi Menon
(Chairman)
J. C. Sharma
(VC & MD)
Revenue Increase Rs. 24.55 billion(2015)[1]
Increase Rs. 5.44 billion (2014)
Increase Rs. 3.34 billion (2015)
Number of employees
 3,442
Website www.sobha.com

Sobha Limited (formerly Sobha Developers Ltd.)[2] is an Indian multinational real estate developer headquartered in Bangalore, India.[3] which works in the business of construction, development, sale, management and operation, townships, housing projects, commercial premises and other related activities[4] [5]

History

Sobha Limited was founded in 1995 by Mr. P.N.C. Menon.[6] Since inception, they have completed 102 real estate projects and 262 contractual projects covering about 70.54 million square feet of area. The Company currently has ongoing residential projects aggregating to 41.81 million square feet of developable area and 26.59 million square feet of saleable area, and ongoing contractual projects aggregating to 9.31 million square feet under various stages of construction. The Company has a real estate presence in nine cities, viz. Bengaluru, Gurgaon, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin and Mysore. Overall, Sobha has a footprint in 24 cities and 13 states across India.[7][8][9][10]

The company has also executed projects for some of India’s corporate houses, including Infosys, WIPRO, HCL, Dell, Bosch, Biocon, Taj Group of Hotels and ITC Hotels.[11]

The company to invest INR 500 crore residential development in Gujarat International Finance Tec-City (GIFT City), [12][13][14]

Change in name: The company changed its name to "Sobha Ltd" with effect from 18 August 2014.[15]

They have achieved growth with backward integration in the construction and real estate development business in India.[16] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has a geographic presence in 24 cities in 13 states.[17] Internationally, Sobha Ltd has operations running in Oman with a footprint in Dubai.[18][19][20]

Products and services

It is a real estate company provides construction of residential and contractual projects.[21]

They have started 4 manufacturing divisions - Glazing and Metal Works, Interiors, Restoplus (Spring Mattress) and Concrete Products.[22]

Initiatives

Sri Kurumba Educational and Charitable Trust

Sri Kurumba Educational and Charitable Trust is a public charitable trust found by Sobha Limited in 2006. The trust runs CSR activities since 2006 and the activities include providing healthcare facilities, education, vocational training for the needy and looking after the aged and elderly citizens. This trust is a realization of Mr PNC Menon’s vision.[23][24] This trust has adopted two panchayats in Palakkad District, Kerala - Vadakkenchery and Kizhakkenchery- under the ambit of Graamasobha, a program based on Gram Swaraj concept.[25][26]

Sobha Academy

The Academy was started in the year 2007 to empower and enable the rural poor to break away from the vicious circle of poverty, ignorance, deprivation, and exclusion by providing their children with high-quality education.[27]

SOBHA Dowry-less Social Wedding

Aimed at supporting girls from economically weaker sections of society, this programme of the Trust has successfully completed 490 marriages so far.[28]

Awards

  • Entrepreneur of the Year Award in Energy, awarded to Ravi Menon in 2013, Real Estate and Infrastructure category,[29][30]
  • In 2014, recognized at the CNBC Awaaz Real Estate Awards. Builder of the Year Award at the National Level, and Best 100 Percent Complete Residential Project in the Ultra Luxury Segment – Bangalore for Sobha Lifestyle Project.[31][32]
  • India's 17 new Global Growth Companies(GGC) in South Asia by the World Economic Forum in 2014.[33][34][35]
  • Mint-Institute for Competitiveness Strategy Award in 2014.[36]
  • CNBC Awaaz Real Estate Awards 2013.[37]
  • Environment Friendly Project of the Year: Residential – Sobha Forest View[38]
  • In 2014, Realty Plus recognized for the company's educational & charitable trust as the CSR Initiative of the Year, while Construction Week India presented their Corporate Social Responsibility award to the trust.[39]
  • Awarded Top National Realty Brand Across Asset Class in India (2015).[40]

References

  1. ↑ "Sobha Ltd. Overview". economictimes. economictimes.indiatimes.com. Retrieved 6 October 2015.
  2. ↑ "Sobha Developers Ltd changes name to Sobha Ltd". equitybulls. Retrieved 22 August 2014.
  3. ↑ "Sobha Developers Company Facts". Moneycontrol. Retrieved 2013-06-25.
  4. ↑ "Sobha Developers Company Profile". Morning Star. Retrieved 2013-06-25.
  5. ↑ "Projects by Sobha Developers Ltd, Bangalore". Retrieved 2015-02-16.
  6. ↑ "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Sobha - NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016.
  7. ↑ "Sobha Developers Ltd SYNOPSIS" (PDF). moneycontrol.com. Moneycontrol. Retrieved 21 July 2014.
  8. ↑ "Sobha Developers Ltd". profit.ndtv.com. NDTV Profit. Retrieved 21 July 2014.
  9. ↑ "Sobha Developers Ltd Company Overview". Thomson Reuters. Retrieved 2013-06-25.
  10. ↑ "Sobha Developers Ltd Company Overview". Moneycontrol. Retrieved 2013-06-25.
  11. ↑ Akhtar, Nadeem. "P.N.C. Menon, Founder and Chairman Emeritus of Sobha Limited". www.nbmcw.com. Retrieved 25 April 2016.
  12. ↑ "Sobha to invest Rs 500 cr on housing project at GIFT City - Times of India". The Times of India. Retrieved 2018-08-22.
  13. ↑ "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 2018-08-22.
  14. ↑ "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. Retrieved 2018-08-22.
  15. ↑ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
  16. ↑ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 2013-06-25.
  17. ↑ "Sobha Developers Company Locations". The Economic Times. Retrieved 2013-06-25.
  18. ↑ "Sobha city Project". khaleej Times. Retrieved 2012-02-06.
  19. ↑ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 2013-06-29.
  20. ↑ "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
  21. ↑ "INDIA'S TOP BUILDERS: SOBHA DEVELOPERS". constructionworld. Retrieved 11 November 2015.
  22. ↑ "Sobha has added four manufacturing divisions". timesofindia.indiatimes.com. Anshul Dhamija. indiatimes. 24 August 2014. Retrieved 18 November 2015.
  23. ↑ "Kiran Mazumdar Shaw, 3 others on Forbes philanthropy list". ibnlive.com. ibnlive.com. 30 May 2013. Retrieved 15 June 2015.
  24. ↑ "P N C Menon, Vineet Nayar in Forbes' list of 'Heroes of Philanthropy'". UK Malayalee. ukmalayalee.com. 3 June 2013. Retrieved 15 June 2015.
  25. ↑ "Sobha group founder to give 50% of wealth to charity". thehindubusinessline. Hindi Business Line. 7 March 2013. Retrieved 20 November 2015.
  26. ↑ "Sobha group founder to donate 50% of his wealth". Hindustantimes. hindustantimes.com. hindustantimes.com. 7 March 2013. Retrieved 15 June 2015.
  27. ↑ Sanandakumar, S. (2013-10-27). "CSR project: Sobha Group's PNC Menon developing Kerala's Palakkad region & educating children". The Economic Times. Retrieved 2018-08-22.
  28. ↑ India, Press Trust of (2015-11-30). "Realty firm organises dowry-less social wedding". Business Standard India. Retrieved 2018-08-22.
  29. ↑ "EY Entrepreneur of The Year award 2013". Business Standards. 21 February 2014. Retrieved 20 March 2014.
  30. ↑ "Entrepreneur of the Year Award 2013". The Hindu. 8 March 2014. Retrieved 20 March 2014.
  31. ↑ "CNBC Awaaz Real Estate Awards". Retrieved 18 March 2014.
  32. ↑ "Builder of the Year Award at the National Level". Retrieved 18 March 2014.
  33. ↑ "Global Growth Companies Honorees 2014". weforum.org. weforum. Retrieved 8 April 2015.
  34. ↑ "Sobha in Global Growth list". The Hindu Businessline. thehindubusinessline.com. 13 November 2014. Retrieved 8 April 2015.
  35. ↑ "Indian companies have a hunger to tap new markets around the world: Rodolfo Lara". The Economic Times. economictimes.indiatimes.com/. 7 November 2014. Retrieved 8 April 2015.
  36. ↑ "Institute for Competitiveness - Mint Strategy Awards Ten Leading Enterprises of India across Different Industry Categories". telegraphindia. telegraphindia.com. 29 September 2014. Retrieved 14 April 2015.
  37. ↑ "Sobha bags Top Honours at the CNBC Awaaz Real Estate Awards 2013". business-standard. business-standard.com. 26 December 2013. Retrieved 14 April 2015.
  38. ↑ "Recognising excellence in real estate sector". exchange4media. exchange4media.com. 21 March 2012.
  39. ↑ "Sobha bags with 6 prestigious awards". indiainfoline.com. indiainfoline.com. 25 September 2014. Retrieved 15 June 2015.
  40. ↑ "Top National Realty Brand Across Asset Class' in India". June 10, 2015 (Financial Express). financialexpress.com. Retrieved 17 June 2015.
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