Sobha Group, known for its luxury real estate developments, is making a bold move into the jewelry and furniture sectors. PNC Menon, founder of Sobha Group, is setting his sights on doubling the company’s revenue to $10 billion within five years. Menon, who recently announced his retirement as chairman, is handing over leadership to his son, Ravi Menon, effective November 18.
PNC Menon will now focus on launching Sobha Jewels and Sobha Furniture. “Our entry into the furniture business alone holds the potential to reach a $10 billion valuation in the coming years,†Menon shared. As Sobha expands its footprint across the US and Australia, the company is also scaling operations in India, with new branches and factories in Mumbai and Dubai.
Ravi Menon, the new chairman, is committed to driving Sobha’s legacy forward, with plans to strengthen their presence in key markets like Austin, Texas, and Sydney, Australia. "The journey won't be easy, but we have a clear vision to grow globally," said Ravi.
Looking Ahead
In Dubai, Sobha Group’s sales stand at $5 billion, with ambitious plans to grow that figure. The company also aims to employ 35,000 people by next year and expand its humanitarian work, including a women’s university project in New Delhi and the Sabarmati waterfront development.
Sobha Group is poised for a transformative journey, blending its expertise in luxury real estate with new ventures in jewellery and furniture.
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