CEO and executive director Inderbethal Singh Thakral frames the GemLife initial public offering (IPO) as a springboard rather than an exit. “We didn’t sell a single share into the IPO … We think this is just the start of a new journey for us because the new journey is more exciting than it ever was for the last nine years,” he says. Nevertheless, the group’s shares in GemLife were diluted post-IPO to 16.8% from 31.7%.
GemLife’s recent ASX debut unlocks value and balance-sheet headroom for Thakral even as it scales its other segments
Thakral’s next act is playing out across multiple engines of growth, with the July listing of GemLife Communities Group in Australia giving the group a fresh lift in earnings power and balance sheet strength while its businesses in drones, beauty and India gather pace.
