Sobha (company)

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]

Sobha Limited

Company type	Public
Traded as	BSE: 532784 NSE: SOBHA
Industry	Real estate development, construction
Founder	P. N. C. Menon (Chairman Emeritus)
Headquarters	Dubai, UAE
Key people	Jagadish Nangineni (Managing Director)
Revenue	₹2,190.40 crore (US$260 million) (2021)
Operating income	₹676.39 crore (US$79 million) (2021)
Net income	₹62.27 crore (US$7.3 million) (2021)
Total assets	₹11,208.25 crore (US$1.3 billion) (2021)
Total equity	₹2,427.74 crore (US$280 million) (2021)
Number of employees	3000+ (2021)
Parent	Sobha Realty
Website	www.sobha.com

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.