Sammaan Capital is set to sharpen its focus on affordable housing loans after receiving a $1 billion investment from Abu Dhabi’s International Holding Company (IHC), CEO Gagan Banga told Reuters. He noted that affordable housing remains a core growth driver, and the IHC funding will provide “stronger momentum” as the company targets ?1 trillion (around $11.27 billion) in assets under management (AUM) by FY2027. To support this expansion, the non-banking financial company (NBFC) is opening around 10 new branches every month, primarily in tier-4 and tier-5 towns and the outskirts of major cities. Over the next six to nine months, Sammaan aims to add 60–70 new branches nationwide. NBFCs across India have been intensifying their focus on affordable housing, fueled by growing demand, government initiatives promoting low-cost housing, and reduced competition from larger banks. Earlier this month, IHC agreed to acquire a controlling stake in Sammaan Capital, signaling a strong bet on India’s booming housing finance sector. Looking ahead, the company also plans to explore new lending segments, including gold loans and personal loans tailored for low- to middle-income customers. Banga mentioned that future investments could support the rollout of these new products. Formerly known as Indiabulls Housing Finance, the lender was once among India’s top housing finance firms before facing liquidity challenges during the 2018 IL&FS crisis. After rebranding as Sammaan Capital in July 2024, the infusion of IHC’s capital marks a turning point, positioning the company to reclaim its place among India’s top 3–5 NBFCs by FY2030. “With our experienced leadership, wide distribution network, and IHC’s financial and technological backing, we are confident of returning to the top tier of India’s housing finance market,” Banga said.

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