Sameer Gehlaut
Sameer Gehlaut is an Indian businessman. He is the founder and chairman of the Indiabulls Group, a financial services conglomerate.
Early life and education
Gehlaut was born in Rohtak, Haryana, on 3 March 1974. His mother Krishna Gahlawat is a politician, who was part of the Haryana Vikas Party and the Indian National Congress, before joining the Bharatiya Janata Party in 2014.Gehlaut graduated in mechanical engineering from the Indian Institute of Technology, New Delhi in 1995.
Career
Indiabulls
In 1999, Gehlaut co-founded Indiabulls as an online stock brokerage, starting operations from a small office in Delhi with two college friends from IIT. In September 2004, Indiabulls Financial Services had its initial public offering. In 2005, Indiabulls acquired defunct mill properties in Central Mumbai, which led to the creation of Indiabulls Real Estate. It operated commercial and residential projects in Mumbai, Delhi and London. Indiabulls set up power generation projects in the late 2000s.In 2014, the Indiabulls Group was split between the three co-founders, with Gehlaut retaining control of Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services.
In 2016, Gehlaut was named in the Panama Papers; an Indian Express report alleged that Gehlaut had acquired real estate properties in London through a chain of family-owned offshore entities without requisite public disclosures. Gehlaut said he had paid all taxes and made full disclosures.
Gehlaut resigned from the board of Indiabulls Real Estate in October 2021 and the board of Indiabulls Housing Finance in March 2022. Gehlaut exited Indiabulls Housing Finance by selling his remaining stake in 2023.
Clivedale
In November 2019, Gehlaut was named in a quid pro quo loan case, along with Yes Bank's Rana Kapoor family. In March 2020, days after he left for London, the Enforcement Directorate issued a summons to Gehlaut in relation to the case; Gehlaut said he was unable to join the investigation citing the COVID-19 lockdown.Since March 2020, Gehlaut has been based in London, where he has invested in multiple high-end real estate projects through his family office called Clivedale. Moneycontrol reported in November 2025 that Clivedale is a fintech company which claimed to have £2.5 billion in retail deposits.
Personal life
Gehlaut is married to Divya S Gehlaut, the daughter of politician Sumita Singh, a former two-term Congress MLA from Karnal, Haryana.Gehlaut's brother Narendra Gehlaut is married to politician Jyoti Mirdha, a former Congress MP from Nagaur, Rajasthan.