Sameer Gehlaut says yes to diversification in related areas
If Indiabulls’ stupendous growth (as judged by their high P/E multiple) is anything to go by, then Sameer Gehlaut, CEO Indiabulls has to walk away with the honors. But hang on! He’s not finished yet! There’s lot up his sleeve and 2008 might just see Gehlaut outperform himself.
So, what’s Gehlaut up to? He now plans to diversify into high value added product and services which in a way will help his company maintain the leadership position. It is his vision to be numero uno in any field he ventures, be it financial services or real estate. Adds P.V. Jarolia (Analyst, A C Mehta), “Sameer has the ability to foresee opportunities and he make it sure that he does not miss the bus.” He has definitive plans to make Indiabulls an integrated financial services provider where the traditional focus on consumer lending and brokerage businesses will be complemented through diversification into related financial services areas: setting up life insurance, asset management and mutual fund, and private equity fund are very much on the anvil. The company has entered into a JV with Societe Generale of France for their proposed Life Insurance business (which will kick start once it gets a go ahead from regulatory authorities). Under Sameer’s aggressive leadership, Indiabulls even plans to (subject to regulatory approval) set up a multi commodity exchange in partnership with MMTC. Also on the anvil are concrete plans to scale up the lending business through mortgage lending. Diversification into the power sector, portfolio management scheme, and mergers and demergers are also on the cards. Despite several hiccups there has been no stopping Sameer and Indiabulls. But as he leads Indiabulls diversification into larger growth areas, one is left pondering what will be the fate of the parent business of securities?
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Source : IIPM Editorial, 2008
If Indiabulls’ stupendous growth (as judged by their high P/E multiple) is anything to go by, then Sameer Gehlaut, CEO Indiabulls has to walk away with the honors. But hang on! He’s not finished yet! There’s lot up his sleeve and 2008 might just see Gehlaut outperform himself.
So, what’s Gehlaut up to? He now plans to diversify into high value added product and services which in a way will help his company maintain the leadership position. It is his vision to be numero uno in any field he ventures, be it financial services or real estate. Adds P.V. Jarolia (Analyst, A C Mehta), “Sameer has the ability to foresee opportunities and he make it sure that he does not miss the bus.” He has definitive plans to make Indiabulls an integrated financial services provider where the traditional focus on consumer lending and brokerage businesses will be complemented through diversification into related financial services areas: setting up life insurance, asset management and mutual fund, and private equity fund are very much on the anvil. The company has entered into a JV with Societe Generale of France for their proposed Life Insurance business (which will kick start once it gets a go ahead from regulatory authorities). Under Sameer’s aggressive leadership, Indiabulls even plans to (subject to regulatory approval) set up a multi commodity exchange in partnership with MMTC. Also on the anvil are concrete plans to scale up the lending business through mortgage lending. Diversification into the power sector, portfolio management scheme, and mergers and demergers are also on the cards. Despite several hiccups there has been no stopping Sameer and Indiabulls. But as he leads Indiabulls diversification into larger growth areas, one is left pondering what will be the fate of the parent business of securities?
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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