Sammaan Capital has unveiled an ambitious expansion plan targeting ₹92,000 crore annual disbursements by FY29-FY30, significantly scaling from its current operations. As per The Hindu BusinessLine, the non-banking finance company plans to accelerate loan disbursements from ₹10,000 crore in the first half of FY27 to between ₹50,000 and ₹92,000 crore per year by FY29-FY30. Supported by the balance sheet strength and backing from Abu Dhabi-based International Holding Company (IHC), the company aims to expand its branch network from the current 220 to 1,600 branches by FY29-FY30, with around 600 being regular or non-gold branches. The workforce will simultaneously grow from 6,000 to 20,000 employees during this period.
The June quarter saw Sammaan Capital undergo a broader transformation under its new controlling shareholder, Abu Dhabi-based International Holding Company. The transaction involved a total committed investment of ₹8,850 crore and resulted in IHC becoming the company's promoter and controlling shareholder. As per The Hindu BusinessLine, IHC, through its affiliate Avenir Investment RSC Ltd, had acquired 41.5% stake in the NBFC in March via a preferential allotment of equity shares and warrants. The company has received an initial tranche of ₹5,652 crore ($600 million) towards the allotment, with an additional ₹3,198 crore ($338 million) to be received within 18 months upon conversion of those warrants. CEO Gagan Banga stated that with the capital infusion now in place, a strengthened balance sheet and backing of a global parent, Sammaan Capital is well positioned to move decisively onto its next phase of growth.
The company has achieved significant credit rating upgrades following IHC's investment, with ratings agencies Crisil, Care, and ICRA upgrading its credit ratings to AA+ (Stable) from AA. As per The Hindu BusinessLine, international ratings were also upgraded to BB- (Stable) from B+ by S&P Global within 90 days of IHC's investment. These upgrades have resulted in incremental cost of funds declining to 9% from 10.5%. The company expects its cost of funds to decline from 10.0% in Q1FY27 to around 9.3% by the end of FY27, with further reduction to 8.9% in FY28 and 7.8% by FY30. By FY29-FY30, the company hopes to improve the international rating to BBB.
According to The Hindu BusinessLine, Sammaan Capital has charted out a comprehensive roadmap to introduce new products, beginning with the launch of digital personal loans, rural home loans, and micro Loan Against Property (LAP) in the second half of the current fiscal. The company will also introduce gold loans, two- and three-wheeler financing, and retail and e-commerce lending in FY28, followed by consumer durable loans, digital and lifestyle financing, personal loans (salaried), and microfinance loans in FY29-FY30. The product suite is expected to expand from 5 to 15 offerings by next year, with increasing focus on non-mortgage and digital products. Management is implementing 53 AI use cases with 60% targeted for completion in FY 2027 and aims for 30-35% cost-to-income ratio while managing a few million customers digitally.
According to The Economic Times, Sammaan Capital reported assets under management of ₹56,239 crore and disbursements of ₹3,875 crore across five product categories, with approximately 12,000 new customers added during the quarter. The company achieved 97% of disbursements as secured loans and 97% of AUM remained secured. Under credit costs, gross recovery stood at ₹424 crore while net recovery was ₹240 crore. The capital adequacy ratio stood at 20.1%. As per The Economic Times, nearly ₹840 crore of Commercial Real Estate loans were disbursed in partnership with one of Asia's leading Alternate Credit Funds. Residential Housing Finance, including Affordable Housing & Mortgages, accounted for ₹31,390 crore in AUM. Management guided for FY 2027 disbursements of ₹30,000 crore, with ₹10,000 crore targeted in the first half and ₹20,000 crore in the second half.
