Sammaan Capital Ltd (SCL) has secured a significant ₹8,850 crore capital infusion from Abu Dhabi-based investment firm International Holding Company PJSC (IHC) over the next 18 months. According to reports from The Hindu BusinessLine, IHC will provide the funding through its affiliate Avenir Investment RSC LTD, acquiring a 41.5% stake via preferential allotment of equity shares and warrants. The NBFC has already received an initial tranche of ₹5,652 crore ($600 million) towards the equity allotment, with an additional ₹3,198 crore ($338 million) to be received within 18 months upon conversion of warrants into fully paid equity shares.
The capital infusion is expected to significantly boost SCL's growth trajectory, with consolidated assets under management (AUM) projected to reach ₹1.3-1.5 lakh crore by 2029 from the December-end 2025 level of ₹64,200 crore. As reported by The Hindu BusinessLine, MD & CEO Gagan Banga explained that the company faced an existential crisis between 2018-19 and 2023, but stabilized after raising around ₹5,000 crore in 2024. The funding will enable diversification into personal loans, loans against gold, and small business loans beyond the company's current mortgage-focused portfolio.
SCL is positioned as part of the RBI's list of 15 Upper Layer (UL)-NBFCs, which are systemically significant entities facing higher regulatory scrutiny. According to The Hindu BusinessLine, Banga emphasized the company's aspiration to return to the top three UL-NBFCs position it previously held. The strategic focus over the next three years will be on developing a multi-product NBFC capability rather than remaining a monoline mortgage-focused institution. The company plans to build internal expertise in managing diverse product suites before pursuing inorganic growth opportunities.
Banga highlighted two key macro trends supporting the growth strategy - consolidation in the financial services sector where larger players are expanding, and India's predictable growth path over the next 20 years. As reported by The Hindu BusinessLine, the company will focus on developing internal capabilities over the next three years before pursuing inorganic growth opportunities. The strategic approach emphasizes building strong foundations for sustainable expansion rather than immediate market expansion, with the strong parent company enabling focused growth initiatives while IHC navigates the regulatory environment.
