Sameer Gehlaut sells £150m stake in Indiabulls as he targets UK tech investments

Sameer Gehlaut

London-based Indian-born entrepreneur Sameer Gehlaut, founder of Indiabulls Group, is eyeing up further investments in the UK following the sale of a £150 million stake in one of his companies, Indiabulls Housing Finance, to Blackstone, the Abu Dhabi Investment Authority, amongst others.

Gehlaut founded the business in 1999 from a single office, and within three years the company had built a network of over 300 branches, quickly becoming one of the successful conglomerates in India. Since the business IPO’d in 2004, it has been a stock-market favourite in India, delivering a 25% CAGR over the last 17 years. Today, the Group employs over 25,000 people. Gehlaut had earlier this year sold his real estate business after merging it with a platform jointly-owned by Embassy and Blackstone.

Gehlaut also said that he would continue to hold a significant proportion of shares in Indiabulls Housing to “participate in the future growth story of the company.”

Gehlaut is now eyeing up investments in the UK, especially in the fintech and health-tech spaces. Gehlaut already has significant business interests in London, having founded Clivedale, a real estate developer based in the capital. Gehlaut was also one of the first external investors in business lender and fintech unicorn OakNorth Bank, taking a 40 percent stake in the company at the time.

A spokesperson for Mr. Gehlaut said: “Mr. Gehlaut recently sold a significant stake in Indiabulls Housing. Mr. Gehlaut has been investing in the UK for more than a decade, and has always seen London as an attractive market as an investor not only for real estate but for the next generation of technology entrepreneurs, who are continuing to disrupt finance, healthcare, and other sectors globally.”

Gehlaut is also CEO of Dhani Services, the Indian digital start-up used by more than 30 million people across India. In 2011, Gehlaut also helped to establish the Indiabulls Foundation that distributed 2.5 million COVID healthcare kits across India during the pandemic.