Business

Indiabulls Real Estate says founder Sameer Gehlaut to leave office of Chairman

Indiabulls Real Estate on Thursday informed the stock exchanges that Sameer Gehlaut, the founder Promoter, Chairman and CEO, of the company will be leaving the office of non-executive director and chairman of the company by the end of the year

Sameer Gehlaut submitted his resignation effective from 31 December 2021, the company said.

An engineer from Indian Institute of Technology (IIT), Delhi, Gehlaut started online brokerage Indiabulls with two college friends in 1999. He took the company public in 2,004 and moved into real estate scooping up prized land in Mumbai in public auctions.

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