IHC invests $1B in Sammaan Capital

Abu Dhabi's International Holding Company (IHC) has announced a landmark investment of $1 billion (Dh3.67 billion) in Sammaan Capital Limited, one of India's largest non-banking financial companies (NBFCs), in a move that deepens the UAE-based conglomerate's strategic presence in one of the world's fastest-growing economies.

- Issac John

The investment, which marks one of the largest cross-border capital inflows from the UAE into India's financial services sector, underscores IHC's long-term confidence in India's expanding credit market and its commitment to supporting inclusive, innovation-led growth. The transaction is subject to regulatory approvals from the Reserve Bank of India and the Competition Commission of India.

Sammaan Capital, a listed entity on both the Bombay Stock Exchange and National Stock Exchange of India, has built a strong franchise in the mortgage lending space, catering to middle-income households and small entrepreneurs. With 220 branches in 150 cities and a workforce of over 4,400 employees, the company plays a critical role in advancing financial inclusion and boosting home ownership across India's growing urban and semi-urban landscape.

Bridging the financing gap

India’s NBFC sector has been instrumental in bridging the financing gap left by traditional banks, particularly for individuals and small businesses lacking access to formal credit. The segment has grown at a compounded rate of more than 11 per cent annually over the past decade, emerging as a key enabler of India’s goal of becoming a $5-trillion economy.