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‘As a promoter, IHC brings strong global funding networks’
The New Indian Express Dharmapuri
|April 06, 2026
AGAN Banga-led Sammaan Capital, formerly Indiabulls Housing Finance, has once again become a promoter-driven company after several years, with Abu Dhabi-based International Holdings Company (IHC)—the UAE’s most valuable firm with a market capitalisation of $239 billion—pumping in $1 billion for a 66.3% stake.
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With a new identity as an IHC entity, it is moving away from its legacy as a pure-play mortgage financier. Gagan Banga, MD and CEO of Sammaan Capital, tells Benn Kochuveedan it plans to expand its branch network to 1,500 from about 200, double its workforce to 10,000 from 4,000, and scale up its customer base to 50 million from 1.4 million. Excerpts:
Sammaan Capital has undergone several changes and divestments in recent years. With IHC coming in, you are once again a promoter-driven firm. How confident are you about achieving these aggressive targets?
Dit verhaal komt uit de April 06, 2026-editie van The New Indian Express Dharmapuri.
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