India bulls Housing Finance

India bulls Housing Finance


location West Delhi , DL

Industry Type(s): Financial Services

India bulls Housing Finance Overview

Indiabulls Housing Finance, Ltd., a financial services company that lends mortgages, is based out of New Delhi and comes second on the list of the largest housing development finance corporations in India, under the regulation of the National Housing Bank. It was established in 2005 as part of the Indiabulls group by Sameer Gehlaut and contributes nearly 80 percent of its revenue to the group. The financial services company announced its merger with Lakshmi Vilas Bank in April 2019.

The company now holds nearly 90 percent of the bank, and the merged entity, Indiabulls Lakshmi Vilas Bank, has created over Rs. 19,000 crores in net worth as well as a loan book of over Rs. 100,000 crores for the fiscal year 2019-20. In 2016, the company collaborated with the Center for Development of Advanced Computing as well as UIDAI to create e-signed PAN and Aadhaar Cards. It also facilitates loan grants through its Facebook application, IB Easy.

In 2015, Indiabulls Housing Finance, Ltd. acquired a stake of 40 percent in London-based Oak North Bank and became its largest shareholder. The company operates out of offices in Dubai and provides housing loans to NRIs there. It has many accolades to its name, including NARDECO’s “Fastest Growing Housing Finance Company of the Year 2013-14”, the Realty Plus “Best Housing Finance Company” in 2015, and the “Best Affordable Housing Finance Company of the Year” by ASSOCHAM.

India bulls Housing Finance
India bulls Housing Finance

West Delhi , DL

Global Headquaters

Moti Nagar , West Delhi , Delhi , DL , 110015 , India


Financial Services

fullscreen_exitCompany Size

5k -10k Employee

businessCompany Type

Public Company