Sobha Ltd.

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

SOBHA Limited
Public
Traded asBSE: 532784
NSE: SOBHA
BSE SENSEX Constituent
IndustryReal estate development, construction
FounderPNC Menon (chairman emeritus)
Headquarters
Bangalore, Karnataka, India
Key people
Ravi Menon (chairman)
J. C. Sharma (VC & MD)
Ishwar. M. Melmani (director)
Revenue $. 28.36 billion (2018)[1]
$. 6.32 billion (2018)
$. 2.16 billion (2018)
Number of employees
3,442
Websitewww.sobha.com

History

SOBHA Limited was founded in 1995 by Mr. P.N.C. Menon.[5] Since inception, as of December 31, 2018, SOBHA has delivered real estate projects and contractual projects covering about 100.31 million square feet of area. The Company currently has ongoing real estate projects aggregating to 39.09 million square feet of developable area and 27.23 million square feet of saleable area, and ongoing contractual projects aggregating to 8.89 million square feet under various stages of construction. The Company has a real estate presence in 9 cities, viz. Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin and Mysore. Overall, SOBHA has footprint in 26 cities and 13 states across India.[6][7][8][9]

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.[10]

The company is also planning to invest INR 500 crore residential development in Gujarat International Finance Tec-City (GIFT City),[11][12][13]

Change in name: The company changed its name to "Sobha Ltd" with effect from 18 August 2014.[14]

They have achieved growth with backward integration in the construction and real estate development business in India.[15] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has a geographic presence in 26 cities in 13 states.[16] Internationally, Sobha Ltd has operations running in Oman with a footprint in Dubai[17][18][19] as Sobha Realty.

Products and services

It is a real estate company provides construction of residential and contractual projects.[20]

They have started 4 manufacturing divisions – Glazing and Metal Works, Interiors, Restoplus (Spring Mattress) and Concrete Products.[21]

The backward integration model of SOBHA is a case study[22] within Harvard Business School

Business Presence

References
  1. "Sobha Ltd. Overview". BSE. bseindia.com. Retrieved 3 May 2019.
  2. "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.
  3. "Sobha Developers Company Profile". Morning Star. Retrieved 25 June 2013.
  4. "Projects by Sobha Developers Ltd, Bangalore". Retrieved 16 February 2015.
  5. "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of SOBHA – NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016.
  6. "Sobha Developers Ltd SYNOPSIS" (PDF). moneycontrol.com. Moneycontrol. Retrieved 21 July 2014.
  7. "Sobha Developers Ltd". profit.ndtv.com. NDTV Profit. Retrieved 21 July 2014.
  8. "Sobha Developers Ltd Company Overview". Thomson Reuters. Retrieved 25 June 2013.
  9. "Sobha Developers Ltd Company Overview". Moneycontrol. Retrieved 25 June 2013.
  10. Akhtar, Nadeem. "P.N.C. Menon, Founder and Chairman Emeritus of SOBHA Limited". www.nbmcw.com. Retrieved 25 April 2016.
  11. "Sobha to invest Rs 500 cr on housing project at GIFT City – Times of India". The Times of India. Retrieved 22 August 2018.
  12. "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 22 August 2018.
  13. "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. Retrieved 22 August 2018.
  14. "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
  15. "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 25 June 2013.
  16. "Sobha Developers Company Locations". Magic Bricks. 7 February 2019. Retrieved 23 April 2019.
  17. "Sobha city Project". khaleej Times. Retrieved 6 February 2012.
  18. "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.
  19. "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
  20. "INDIA'S TOP BUILDERS: SOBHA DEVELOPERS". constructionworld. Retrieved 11 November 2015.
  21. "Sobha has added four manufacturing divisions". timesofindia.indiatimes.com. Anshul Dhamija. indiatimes. 24 August 2014. Retrieved 18 November 2015.
  22. https://www.hbs.edu/faculty/Pages/item.aspx?num=55042
  23. "Sobha to launch housing project in North Bengaluru". Deccan Herald. 25 September 2018. Retrieved 7 January 2019.
  24. "Sobha Developers: The Epitome of Excellence in Construction". Karnataka.com. 4 November 2012. Retrieved 7 January 2019.
  25. Sobha Dream Series
  26. "Sobha to launch Sobha City – its first luxury apartment project in Delhi-NCR". The Hindu Business Line. 28 June 2016. Retrieved 7 January 2019.
  27. "Sobha to build new housing project in Gurgaon at Rs 1,000 crore". The Economic Times. 23 November 2015. Retrieved 8 January 2019.
  28. "Sobha Developers to invest Rs 250 crore in Pune project". Business Standard. 20 August 2014. Retrieved 7 January 2019.
  29. "Sobha Developers launches Rs 400 crore projects in Chennai". The Economic Times. 18 January 2012. Retrieved 8 January 2019.
  30. "Chennai: Sobha launches hi-tech villas at forest ridge". DECCAN CHRONICLE. 26 February 2018. Retrieved 8 January 2019.
  31. "SOBHA Ltd launches villa project SOBHA Gardenia in Chennai". Business Standard. 14 February 2018. Retrieved 8 January 2019.
  32. "Sobha Limited forays into Commercial Space with launch of Thrissur project". The Economic Times. 17 December 2015. Retrieved 7 January 2019.
  33. "Sobha enters commercial realty segment". Financial Express. 18 December 2015. Retrieved 7 January 2019.
  34. "LMW joins hands with Sobha to launch project in Coimbatore". The Hindu Business Line. 12 March 2018. Retrieved 8 January 2019.
  35. "Demand in Kochi a worry for Sobha Developers". Business Standard. 8 May 2014. Retrieved 7 January 2019.
  36. "SOBHA Limited to launch project in Kochi in co-ownership with Puravankara". The Economic Times. 27 November 2017. Retrieved 7 January 2019.
  37. "Sobha Developers plans projects in Kochi, Kozhikode". The Times of India. 13 May 2013. Retrieved 7 January 2019.
  38. "Sobha Developers Launches New Villa Project in Kozhikode". Silicon India. 23 August 2013. Retrieved 7 January 2019.
  39. "Sobha plans 3 projects in Mysore". Business Standard. 29 January 2013. Retrieved 7 January 2019.
  40. "Sobha forays into Gujarat with an investment of over Rs 500 crore". Money Control. 16 April 2018. Retrieved 8 January 2019.
  41. "Sobha to invest Rs 500 cr on housing project at GIFT City". Money Control. 16 April 2018. Retrieved 8 January 2019.
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