Sobha (company)

Sobha Limited (formerly Sobha Developers Limited) is an Omani[1] multinational real estate developer with corporate office in Bangalore, India[2]

Sobha Limited
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

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 18th 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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