UAE-based International Holding Company (IHC) has announced a $1bn investment in India’s Sammaan Capital Limited, a leading non-banking financial company (NBFC). The move underlines IHC’s confidence in India’s financial sector and its growing potential to drive mortgage lending and inclusive credit solutions.
Sammaan Capital, listed on both the Bombay Stock Exchange and National Stock Exchange of India, operates through 220 branches across more than 150 towns and cities, employing over 4,430 staff. The company has played a pivotal role in enabling homeownership and providing financial access to underserved communities, thereby bridging gaps left by traditional banking.
Strategic expansion and innovation
Syed Basar Shueb, CEO of IHC, said:
“India represents a core strategic market for us, and its long-term growth fundamentals are compelling. This $1bn investment reaffirms our commitment to supporting Sammaan Capital’s next phase, including adopting AI to enhance lending and credit solutions, while contributing meaningfully to India’s financial ecosystem.”
Gagan Banga, CEO and Managing Director of Sammaan Capital, added:
“Joining the IHC Group opens new horizons for us. The alignment in our aspirations is deeply encouraging, and we believe our experienced team will drive the next phase of growth with renewed energy and purpose.”
Strengthening global portfolio
The investment is expected to accelerate credit innovation, expand access to capital, and support inclusive development in India. It also strengthens IHC’s global portfolio while deepening ties with one of the world’s most dynamic financial markets. The transaction is subject to approvals from the Reserve Bank of India, the Competition Commission of India, and other customary conditions.
