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
Websitewww.sobha.com

History

Sobha Realty is an international luxury developer committed to redefining the art of living through sustainable communities. Established in 1976 as an interior decoration firm in Oman by PNC Menon – a visionary 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 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. https://www.youtube.com/watch?v=cep0axyaB04
  2. "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.{{cite news}}: CS1 maint: url-status (link)
  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.{{cite news}}: CS1 maint: url-status (link)
  9. "Sobha Developers Company Locations". Magic Bricks. Retrieved 2 July 2020.{{cite news}}: CS1 maint: url-status (link)
  10. "Sobha city Project". khaleej Times. Retrieved 6 February 2012.{{cite news}}: CS1 maint: url-status (link)
  11. "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.{{cite news}}: CS1 maint: url-status (link)
  12. "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
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