Dhani Services Limited was initially incorporated as 'GPF Securities Private Limited' on June 9, 1995 as a private limited Company. The name of the Company was changed to 'Orbis Securities Private Limited' on December 15, 1995. Subsequently, the Company was converted into a public limited company and the name was further changed to 'Orbis Securities Limited' on January 5, 2004 and to 'Indiabulls Securities Limited' on February 16, 2004 and then to 'Indiabulls Ventures Limited' on March 12, 2015. The Company name was further changed to 'Dhani Services Limited' on 25 September, 2020.
Dhani Services Limited (DSL) is a diversified company with a strategic focus on real estate development as its primary business undertaking. Having launched projects in key urban micro-markets and built a strong development pipeline, the Company positioned to be a significant player in India's evolving real estate sector. In addition to real estate, DSL operates digital-first businesses across stock broking, payments, and asset reconstruction, offering end-to-end investment platforms, UPI-based payments services, and distressed asset resolution through its ARC subsidiary.
Initially, the Company was one of India's leading capital market companies providing securities and derivative broking services. The Company was registered with SEBI as Stock Broker, Depository Participant, Research Analyst and Merchant Banker in Category I. Commodities services are being provided through Indiabulls Commodit ...ies Limited, a subsidiary of the company. It pioneered online trading platform in the country. It has a client base in excess of 6 lacs+ with 900+ direct sales across 18+ cities providing investment solutions to retail investors across asset classes.
Through its subsidiary, the company also engaged in the marketing of non-discretionary wealth management products. The company's realty distribution business is conducted under Indiabulls Distribution Services Limited. IVL Finance Ltd, a 100% subsidiary of Indiabulls Ventures Limited (IVL), is into the consumer finance business. IVL has diversified and entered into the Asset Reconstruction Business (ARC) under its wholly owned subsidiary, Indiabulls Asset Reconstruction Co. Ltd (ARC).
During the year 2007-08, pursuant to a court approved composite scheme of arrangement inter-alia between the company, Indiabulls Financial Services Ltd and Indiabulls Credit Services Ltd and their respective shareholders and creditors, the securities broking and advisory business of Indiabulls Financial Services Ltd comprising of business providing advisory business with respect to risk management, equity analysis and securities data management, securities brokerage including equities, wholesale debt, futures and options, depository services, research services, mutual fund and IPO distribution its clients which Indiabulls Financial Services Ltd carries on by itself and through their subsidiaries including the company, a registered member of the BSE and NSE and Indiabulls Commodities Pvt Ltd which is a member of National Commodities Derivatives Exchange of India and Multi Commodity Exchange and operates the business of an intermediary for trading in securities and derivatives was transferred by the way of de-merger and vested with the company.
The de-merger of Indiabulls Securities Ltd was effective form December 24, 2007. As per the scheme, every shareholder of Indiabulls Financial Services Ltd as on January 8, 2007, received a share of Indiabulls Securities Ltd. In January 9, 2008, the company incorporated Devata Tradelink Ltd as a subsidiary company.
The equity shares of the company were listed on National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd with effect from April 2, 2008 and GDRs were listed on Luxembourg Stock Exchange with effect from July 16, 2008. During the year 2008-09, the company formed wholly owned subsidiary company namely Indiabulls Brokerage Ltd.
During the year 2009-10, the company formed a wholly owned subsidiary company, namely, Indiabulls Distribution Services Ltd. They opened 58,224 new equity trading accounts during the year. Also, they added 8,612 new trading accounts for commodities during the year. In December 2009, they created a full fledged division for institutional sales.
The Board of Directors of Indiabulls Securities at its meeting held on 21 October 2013, in order to augment the networth of the company and the capital required for its business growth, over the next few years, approved the proposal to issue and allot upto an aggregate of 5.82 crore warrants on a preferential allotment basis, convertible into equivalent number of equity shares at a conversion price of Rs 13 per equity share to Mr. Sameer Gehlaut, Mr. Rajiv Rattan and Mr. Saurabh Mittal, promoters of the company, alongwith the entities promoted by them, namely, Orthia Properties Private Limited, Orthia Constructions Private Limited, Inuus Constructions Private Limited, Hespera Constructions Private Limited and to Mr. Divyesh B. Shah, Whole time Director & CEO of the company.
On 9 July 2014, the promoters of Indiabulls Group mutually agreed to restructure its various business segments and their inter se responsibilities, among themselves so that each of these business segments, receive their focused and undivided attention. Mr. Sameer Gehlaut, shall continue to control, manage and supervise the businesses of Housing Finance, Real Estate, Securities and Wholesale Trading business segments of the Group, headed by its flagship companies namely Indiabulls Housing Finance Limited (IHFL), Indiabulls Real Estate Limited (IBREL), Indiabulls Securities Limited (ISL) and Indiabulls Wholesale Services Limited ( IWSL) with Mr. Rajiv Rattan and Mr. Saurabh Mittal having relinquished all their control, management & supervision rights, in the hands of Mr Sameer Gehlaut, in all these companies and segments and have resigned from the office as directors in IHFL & IBREL. Mr Rajiv Rattan and Mr Saurabh Mittal shall not have any rights &/or interests in 'Indiabulls' Brand.
On 19 November 2014, Indiabulls Securities announced that its wholly owned subsidiary Indiabulls Distribution Services Limited (IDSL) has acquired 100% of the share capital of India Land and Properties Private Limited for a consideration of Rs 600 crore. India Land and Properties owns a commercial complex of 3 towers with a total constructed area of 2.4 million Sq. ft and leasable area of 2 million Sq.ft. The total land area of the complex is over 10 acres. Currently a portion of the towers are leased to RBS, Kone, Britannia Industries, Ajuba, Covenant, Telebuy, IBoxand others. The park has been designed in compliance to the National Building Codes by the internationally acclaimed Ms. ZAHA HADID, UK, 'Laureate Pritzker' Prize Winner (2004). The building complex is renamed as One Indiabulls Park, Chennai.
On 14 March 2017, Indiabulls Distribution Services Limited (IDSL), a wholly owned subsidiary of Indiabulls Ventures, signed a definitive agreement to sell its 100% shareholding in India Land and Properties Limited (ILPL), at a consideration of Rs 685 crore, to Indiabulls Infrastructure Limited (IIL), a wholly owned subsidiary of Indiabulls Real Estate Limited.
On 10 May 2017, Indiabulls Ventures allotted an aggregate of 3.88 crore equity shares on preferential allotment basis to Cinnamon Capital Limited, a Category III foreign portfolio investor registered with the Securities and Exchange Board of India, at an issue price of Rs 58.40 per share.
On 6 June 2017, Indiabulls Ventures allotted an aggregate of 4.73 crore equity shares on preferential allotment basis to Tamarind Capital Pte Ltd, a company incorporated in Singapore, at an issue price of Rs 94.70 per equity share.
On 7 June 2017, Indiabulls Ventures (IVL) announced that its wholly owned subsidiary IVL Finance Limited would be undertaking consumer finance business. The consumer finance business is expected to significantly add to the consolidated bottom line of IVL going forward.
On 25 October 2017, Indiabulls Ventures announced that its wholly owned subsidiary IVL Finance Limited has developed a mobile application for instant personal loan disbursals named the 'Dhani App' based on the unique Aadhar number of the customer, which is linked to the bank account and PAN of the customer. The first of its kind innovative product 'Dhani App' will transform personal loans' lending with Aadhar enabling crucial elements such as e-signature, e-payments, online EMI repayment mandates and online customer verification. The 'Dhani App' is being rolled out to all the clients of Indiabulls Ventures Limited to enable them in easy and quick access to personal loans, if they so desire.
During the year 2017-18, the Company incorporated new subsidiaries, Indiabulls Consumer Products Limited, Indiabulls Logistics Limited, Indiabulls Infra Resources Limited and Indiabulls Asset Reconstruction Company Limited. Further, in terms of shareholders' approval dated July 15, 2016, Indiabulls Distribution Services Limited, a wholly owned subsidiary of the Company, sold its 100% shareholding in India Land and Properties Limited, for an aggregate consideration of Rs. 685 Crores.
The Company launched two major new business initiatives comprising of consumer & MSME lending and asset reconstruction businesses in 2018. It entered into the Asset Reconstruction Business [ARC] during FY 2018 through its wholly owned subsidiary, the Indiabulls Asset Reconstruction Company Limited and acquired total assets of Rs 3.7 billion and made recovery of Rs 938 Million.
In 2019, Company launched ' Shubh' which offers discount brokerage to their clients. Juventus Estate Limited, Milky Way Buildcon Limited and Mabon Properties Limited were acquired as new subsidiary companies effective from May 25, 2022.
For the real estate sector, the year 2025 marked a phase of strong revival and consolidation. Residential demand remained buoyant across segments, driven by urbanization, improved affordability, and rising aspirational ownership. Commercial real estate have witnessed renewed interest, especially in Grade A office spaces, warehousing, and mixed-use developments. The Asset Reconstruction (ARC) business focused on strategic acquisitions, improved turnaround strategies, and enhanced recovery mechanisms. Residential real estate saw robust sales across mid-income and premium segments, with demand buoyed by stable interest rates, improved buyer sentiment, and traction in digital and flexible work models. Asset reconstruction companies (ARCs) operated in a landscape marked by evolving regulatory oversight, including the Reserve Bank of India's emphasis on improved transparency and capital adequacy. The Insolvency and Bankruptcy Code (IBC) remained a key resolution channel, though ARCs also explored alternative mechanisms for recovery and settlement in collaboration with lenders.
FAQs on Dhani Services Ltd
1. Can I buy Dhani Services Ltd from PL Capital? ›
Yes, you can invest in Dhani Services Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Dhani Services Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Dhani Services Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Dhani Services Ltd pay dividends? ›
Dhani Services Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Dhani Services Ltd ? ›
As of
20-Feb-2026 , the share price for Dhani Services Ltd. is ₹ on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Dhani Services Ltd ? ›
The 52-week high and low of Dhani Services Ltd share price is ₹ - ₹ as of
20-Feb-2026 , .
