Abu Dhabi-based International Holding Company (IHC) has announced a USD 1 billion investment in Sammaan Capital Limited, marking one of the largest foreign capital infusions in India’s non-banking financial company (NBFC) space. The investment gives IHC a controlling stake of approximately 41.2% in Sammaan Capital, positioning the global investor to play an active role in the company’s strategic direction and board decisions.
Sammaan Capital, formerly known as Indiabulls Housing Finance, is one of India’s leading mortgage-focused NBFCs, operating through more than 220 branches across 150 towns and cities, and serving around 680,000 customers with a home loan portfolio of nearly USD 19 billion. The investment highlights IHC’s growing confidence in India’s financial ecosystem, particularly in the NBFC segment, which plays a pivotal role in expanding credit access and advancing financial inclusion.
The fresh capital will enable Sammaan Capital to deepen its presence in the affordable housing finance segment, with a focus on middle-income households and Tier 4 and Tier 5 cities. The company aims to expand its assets under management (AUM) to INR 1 trillion by 2027. The funds will also support digital transformation initiatives, including the integration of artificial intelligence and advanced analytics to enhance credit assessment, operational efficiency, and customer experience.
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As part of its growth strategy, Sammaan Capital plans to diversify into gold loans and personal loans, targeting lower- to middle-income borrowers. This expansion is intended to build a broader retail portfolio while addressing the financing needs of underserved customer segments.
Gagan Banga, Managing Director and CEO of Sammaan Capital, said the partnership with IHC reflects a shared vision of responsible financial growth and inclusion. He added that IHC’s global expertise and capital strength will help accelerate Sammaan’s transformation into a digitally driven, customer-focused lender. Syed Basar Shueb, CEO of IHC, described India as a “core strategic market” and reiterated the company’s confidence in Sammaan Capital’s role in enabling affordable home ownership and small business empowerment.
The transaction, subject to regulatory clearance from the Reserve Bank of India (RBI) and the Competition Commission of India (CCI), signals renewed global investor confidence in India’s NBFC landscape. Under IHC’s stewardship, Sammaan Capital aims to reclaim its position among India’s top NBFCs by 2030, with a renewed focus on innovation, technology adoption, and inclusive growth.
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Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
