UAE-based International Holding Company (IHC) has announced a major $1bn investment in India’s Sammaan Capital Limited, one of the country’s largest non-banking financial companies (NBFCs).
The deal underscores IHC’s confidence in India’s financial sector and its growing role in supporting mortgage lending and financial inclusion.
Sammaan Capital, listed on the Bombay Stock Exchange and National Stock Exchange of India, operates through 220 branches in more than 150 towns and cities with a workforce of more than 4,430 employees.
UAE’s IHC invests in Sammaan Capital
The company plays a vital role in enabling home ownership and expanding access to credit, particularly for underserved communities.
India remains one of the world’s fastest-growing major economies, with NBFCs bridging the gap between traditional banking and rising credit demand.
Strong regulatory oversight from the Reserve Bank of India positions the sector to sustain India’s growth momentum and broaden financial inclusion.
IHC said the $1bn investment reflects its conviction in India’s long-term growth potential.
IHC will expand access to capital, accelerate credit innovation, and support inclusive development.
Strategic expansion
Syed Basar Shueb, CEO of IHC, said: “India represents a core strategic market for us, and its long-term growth fundamentals are compelling. We have been impressed by Sammaan Capital’s leadership in enabling home ownership and empowering small businesses across the country.
“This $1bn investment reaffirms our commitment to supporting Sammaan Capital in its next phase of development, including the adoption of AI to enhance lending and credit solutions, and to contributing meaningfully to India’s financial ecosystem.”
Gagan Banga, Chief Executive Officer and Managing Director of Sammaan Capital Limited, added:
“Sammaan Capital’s journey has been anchored in resilience, adaptability, and stakeholder value creation. Joining the IHC Group opens new horizons for us.
“The alignment in our aspirations is deeply encouraging, and we believe our experienced and dynamic team will drive the next phase of growth with renewed energy and purpose.”
Global portfolio
IHC said the transaction strengthens its global portfolio while deepening ties with India, one of the world’s most dynamic financial markets.
The deal is subject to regulatory approvals from the Reserve Bank of India, the Competition Commission of India, and other customary closing conditions.
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