DLF - At a glance - By: Ravi Kumar

DLF Ltd.

Type Public (BSE)
Founded As Raisina Cold Storage and Ice Company - 16 March 1946
As Delhi Land and Finance - 18 Sep 1946 by Chaudhury Raghuvendra Singh
Headquarters New Delhi, India.
Key people Kushal Pal Singh (Chairman & Majority Owner)
Industry Real estate
Products Offices, Houses, Hotels, Golf courses
Revenue US$3.50 billion (FY 2009)
Net income US$ 1.97 billion (FY 2009)
Total assets $9.87 billion
Owner(s) KP singh and family (78%)

HISTORY

DLF Limited or DLF (Delhi Land and Finance) is the India's biggest real estate developer based in New Delhi, India. The DLF Group was founded by Raghuvendra Singh in 1946. DLF developed residential colonies in Delhi such as Krishna Nagar, South Extension, Greater Kailash, Kailash Colony and Hauz Khas.In the mid-1970s, the company started developing DLF City project at Gurgaon. Its upcoming plans include hotels, infrastructure and special economic zones-related development projects.
The company is currently headed by Indian billionaire Kushal Pal Singh. Kushal Pal Singh, according to the Forbes listing of richest billionaires in 2009, now stands as the 98th richest man in the world and the world's richest property developer. The company's US$ 2 billion IPO in July, 2007 created India's biggest IPO in history. In July 2007, DLF announced its first quarter results ending 30 June 2007. The company reported a turnover of Rs. 3,120.98 Crore and PAT at Rs. 1,515.48 Crore.
The boom includes world-class office buildings, apartments, golf courses, shopping malls, 5-star hotels and a private expressway linking Gurgaon to Delhi Air Port.

Until the mid-1990s, most of DLF's (Delhi Land and Finance) operations were in Gurgaon and Delhi metropolitan area However, with increased assets, DLF has been trying to ramp up its operations all over India. A major investment made by DLF was an INR 700 Crore (INR 7 billion) buyout of NTC Mill Land in Mumbai. Some of DLF's other development initiatives include a US$ 2.1 Billion investment in Tamil Nadu,[ a multi-billion dollar business parkin Bangalore, a US$ 1.7 billion investment in Madhya Pradesh's real estate and infrastructure sector,[ and a INR 10 billion investment plan for developing special economic zones in Orissa.

JOINT VENTURES

Laing O'Rourke- UK based construction company credited with construction of Dubai International Airport, London's Millennium Tower, etc, will construct all DLF's landmark projects. Together DLF-Laing O' Rourke shall build the expressways, ports and other mega structures of India's new economy.
Nakheel of Dubai are partnering with DLF for developing townships in India.
WSP group Plc is also partnering DLF, providing Management and consultancy to the built and natural environment.
Feedback ventures, is providing consultancy for faster project execution to DLF.
DLF has also tied up with Hilton Hotels to jointly develop hotels in India.

SPONSORSHIP

DLF is currently sponsoring Indian Premier league (IPL), a Twenty20 format cricket league in India. DLF group has paid US $40 million to be the title sponsor of the tournament for 5 years.