Sobha (company)

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$260 million) (2021)
Decrease ₹676.39 crore (US$79 million) (2021)
Decrease ₹62.27 crore (US$7.3 million) (2021)
Total assetsIncrease ₹11,208.25 crore (US$1.3 billion) (2021)
Total equityDecrease ₹2,427.74 crore (US$280 million) (2021)
Number of employees
3000+ (2021)
ParentSobha Realty
Websitewww.sobha.com

Sobha Limited (formerly Sobha Developers Limited) is a multinational real estate developer with its headquarters in Dubai, UAE and a corporate office in Bangalore, India[1]

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.[2] The company is also planning to invest ₹500 crore residential development in Gujarat International Finance Tec-City (GIFT City).[3][4][5]

The company changed its name to "Sobha Limited" on 18 August 2014.[6]

They have achieved growth with backward integration in the construction and real estate development business in India.[7] 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.[8] Internationally, Sobha Ltd has operations running in Oman and Dubai[9][10][11] as Sobha Realty.

Portfolio

Sobha Properties boasts a diverse portfolio of projects in Dubai, spanning across residential, retail, hospitality, and leisure sectors. Their property development ventures include:

  • Sobha Hartland
  • Sobha Seahaven
  • Sobha Orbis[12]
  • Skyscape Avenue
  • Sobha Reserve Villas[13]
  • Verde by Sobha

References

  1. ^ "Sobha Developers Company Facts". Moneycontrol. Retrieved 25 June 2013.
  2. ^ "Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of SOBHA – NDTVProfit.com". profit.ndtv.com. NDTV Profit. Retrieved 27 January 2016.
  3. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City – Times of India". The Times of India. Retrieved 22 August 2018.
  4. ^ "Sobha forays into Gujarat with Rs 500 cr investment in GIFT City". @businessline. Retrieved 22 August 2018.
  5. ^ "Sobha to invest Rs 500 cr on housing project at GIFT City". India Today. 16 April 2018. Retrieved 22 August 2018.
  6. ^ "Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd"". thehindubusinessline. thehindubusinessline.com. 19 August 2014. Retrieved 30 September 2015.
  7. ^ "Sobha Developers Real Estate company in India". Karnataka.com. Retrieved 25 June 2013.
  8. ^ "Sobha Developers Company Locations". Magic Bricks. Retrieved 2 July 2020.
  9. ^ "Sobha city Project". khaleej Times. Retrieved 6 February 2012.
  10. ^ "India's Sobha Developers Meydan Dubai Project". Gulf News. Retrieved 29 June 2013.
  11. ^ "Sobha Ltd Q3 profit rises marginally". 12 February 2015. Retrieved 18 February 2015.
  12. ^ Raza, Ahmad (16 April 2024). "Sobha Orbis at Motor City by Sobha Realty". My Off Plan Investment. Retrieved 16 April 2024.
  13. ^ Raza, Ahmad (14 May 2024). "Sobha Reserve Villas at Wadi Al Safa 2 by Sobha Realty". My Off Plan Investment. Retrieved 14 May 2024.