Sobha (company)

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Sobha Limited
Company typePublic
IndustryReal estate development, construction
FounderP. N. C. Menon
(Chairman Emeritus)
Headquarters
Dubai, UAE
Key people
  • Ravi Menon
    (Chairman)
  • Jagadish Nangineni
    (Managing Director)
RevenueDecrease ₹2,190.40 crore (US$270 million) (2021)
Decrease ₹676.39 crore (US$85 million) (2021)
Decrease ₹62.27 crore (US$7.8 million) (2021)
Total assetsIncrease ₹11,208.25 crore (US$1.4 billion) (2021)
Total equityDecrease ₹2,427.74 crore (US$300 million) (2021)
Number of employees
3000+ (2021)
ParentSobha Realty

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]

History

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

  1. ^ "Indian billionaire PNC Menon of Sobha Group says he gives half of his wealth to charity". YouTube.
  2. ^ "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.
  3. ^ "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of SOBHA – NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016.
  4. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City – Times of India". The Times of India. Retrieved 22 August 2018.
  5. ^ "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 22 August 2018.
  6. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. Retrieved 22 August 2018.
  7. ^ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
  8. ^ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 25 June 2013.
  9. ^ "Sobha Developers Company Locations". Magic Bricks. Retrieved 2 July 2020.
  10. ^ "Sobha city Project". khaleej Times. Retrieved 6 February 2012.
  11. ^ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.
  12. ^ "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
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