- Business
- Indiabulls Enterprises Ltd engages in equipment renting and leasing services for construction, infrastructure, manufacturing, and mineral handling equipment, including cranes, hoists, platforms, and horizontal logistics machinery; LED lighting solutions through design and manufacturing of energy-efficient luminaires for homes, workspaces, retail, roadways, and city projects; pharmaceuticals; financial services; and management and maintenance services. Incorporated in 2019 and headquartered in Gurugram, Haryana, the company operates primarily across India with a pan-India presence, targeting engineering, procurement, and construction companies as well as diverse end-users in infrastructure and industrial segments. Recent developments include the execution of a memorandum of understanding for a Rs 3,500 crore real estate project in Ludhiana spanning 24.5 acres with group housing and commercial spaces, expected to secure RERA approval by fiscal 2025-26; and NCLT approval for a merger with Yaari Digital Integrated Services Ltd at a swap ratio of 110 Yaari shares for every 100 IEL shares, effective October 14, 2025, with delisting of IEL shares on October 28, 2025, to streamline operations and enhance synergies, after which Yaari will rename to Indiabulls Ltd.