Sammaan Capital

What Sammaan Capital does

Sammaan Capital (formerly Indiabulls Housing Finance, rebranded in 2023) is a publicly listed Indian non-banking financial company (NBFC) headquartered in Mumbai and listed on BSE/NSE, focused on housing finance and secured lending. Its core products are home loans and loan-against-property (LAP), historically served through a pan-India branch network of more than 200 outlets and a customer base of over 1.4 million borrowers. The company is repositioning itself as a multi-asset NBFC, planning to add personal loans, gold loans, MSME loans, and EV financing on top of its existing home-loan book, with a stated AUM target of ₹1.3-1.5 lakh crore by FY29 versus current AUM of ₹53,160 crore.

The operating model combines a physical branch-led retail origination channel with a cloud-native digital lending platform that uses AI/ML-driven credit decisioning and fraud detection, supported by a CTO-led technology function. Revenue is generated primarily through interest income on the loan book (target net interest margin of 8% by FY27), supplemented by fees and ancillary income, with FY27 PAT targeted at ₹1,400 crore and ROA of 1.8%. After a multi-year balance-sheet cleanup — including the sale of a ₹5,000 crore stressed-loan portfolio to ARCIL and rating upgrades to CRISIL AA+, CARE AA+, and S&P BB- — the company has net NPA at zero and has raised its growth ceiling via a $1B strategic investment from Abu Dhabi-based International Holding Company (IHC) for a 41.5% stake, validated by RBI and SEBI approvals.

Name

Sammaan Capital

Legal name

Sammaan Capital Limited

Website

https://sammaancapital.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sammaan Capital is a publicly listed Indian NBFC offering home loans and loan-against-property to retail borrowers via 200+ branches, repositioning as a multi-asset lender across personal, gold, MSME, and EV financing following a $1B IHC investment.

Ownership category

akta.pro rank

Product category

Housing Finance

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SME Term Loans & Growth Capital (FSAKAGAB)

akta.pro secondary industry

Home Improvement Personal Loans (Unsecured Installment) (FSAKAAAE)

Keywords

• Housing finance services
• Home loan products
• Loan against property
• Mortgage lending
• NBFC services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Home Loan Interest: Interest income from home loans provided to individual borrowers for residential property purchase
2. Loan Against Property Interest: Interest income from secured loans against residential or commercial properties
3. Home Renovation and Extension Loans: Interest income from renovation and extension financing products
4. NRI Home Loans: Interest income from home loans extended to Non-Resident Indians

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Sammaan Capital is a housing finance company that provides mortgage-backed lending products to individual borrowers across India. Its core offerings are Home Loans and Loans Against Property (LAP), supplemented by specialized variants including Home Renovation Loans, Home Extension Loans, Rural Home Loans, NRI Home Loans, and Home Loan Balance Transfer. The company operates through 200+ branches, a digital platform, and a mobile app to originate, process, and service these secured retail credit products.

Product overview

Sammaan Capital is a housing finance company offering a comprehensive suite of mortgage and property-based lending products. The core offerings consist of Home Loans and Loans Against Property (LAP), supplemented by specialized variants including Home Renovation Loans, Home Extension Loans, Rural Home Loans, NRI Home Loans, and Balance Transfer options. The product portfolio also includes digital self-service tools (EMI Calculator, Eligibility Calculator) and a mobile application for loan origination and management. The company operates primarily as a retail-focused housing finance company serving individual borrowers across various demographic segments including salaried, self-employed, business owners, government employees, and NRIs.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Loan Mortgage financing product for purchasing, constructing, or improving a residential property. Available to salaried individuals, self-employed professionals, and business owners, with finance up to 90% of property value, loans up to ₹5 crore, and minimal documentation requirements.
• Loan Against Property (LAP)
• Home Extension Loan
• Home Renovation Loan
• Rural Home Loan
• NRI Home Loan
• Home Loan Balance Transfer
• Co-lending Services

Quantifiable outcome

• Zero gross and net NPA after full write-off of legacy stressed assets
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• PL CapitalminorOthers · 19 June 2026PL Capital organized an analyst and investor meeting for Sammaan Capital on June 19, 2026, in Mumbai. The company clarified that no unpublished price sensitive information would be discussed during the routine investor engagement event.
• ARCIL (Asset Reconstruction Company India Ltd)minorOthers · 15 April 2026Sammaan Capital sold a ₹5,000 crore stressed loan portfolio to ARCIL at approximately 52% discount, valuing the transaction near ₹2,400 crore. The portfolio comprised real estate loans, large ticket mortgage loans, and loans against property that were delayed but not yet classified as NPAs. The deal was structured as 15:85 with ARCIL paying ₹360 crore in cash and issuing security receipts for the remainder.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• HDFC Bank (post HDFC Ltd merger): India's largest private bank following its 2023 merger with HDFC Ltd, which was the country's dominant housing finance company. Directly comparable to Sammaan Capital in mortgage origination, but operates with the structural advantage of low-cost CASA deposits and a much larger balance sheet across retail, commercial, and wealth segments.
• Cholamandalam Investment and Finance: A diversified Indian NBFC with vehicle finance, home loans, LAP, and SME lending operations. Compares to Sammaan Capital's diversification roadmap, particularly its planned entry into MSME, personal loans, and EV financing under the IHC-led transformation.
• LIC Housing Finance: One of India's largest HFCs, sponsored by Life Insurance Corporation. Competes with Sammaan Capital in home loans and LAP but operates at much larger scale with stronger parent backing, broader geographic reach, and longer-tenor funding from insurance liabilities.
• Mahindra & Mahindra Financial Services: A large Indian NBFC offering vehicle finance, farm equipment loans, SME loans, and housing finance. Relevant as a comparable diversified NBFC, especially for Sammaan Capital's stated diversification into MSME and EV financing segments beyond traditional mortgages.

Direct peers

• Bajaj Housing Finance: A non-deposit-taking HFC focused on home loans and LAP, listed separately on Indian exchanges. Closest direct peer to Sammaan Capital in product mix (home loans, LAP, balance transfer), distribution model (branches + digital), and target customer segments (salaried, self-employed, professionals).
• Can Fin Homes: A Canara Bank-promoted HFC providing home loans, LAP, and construction finance across India. Comparable in core product set and HFC business model, with public-sector parentage providing funding advantages versus Sammaan Capital's NBFC structure.
• PNB Housing Finance: A leading HFC with a similar home loan and LAP focus and similar branch-based distribution. Comparable in scale and customer segments, with both companies pursuing AUM growth and digital transformation; PNB's partial public-sector ownership provides funding cost advantages.
• Aavas Financiers: An HFC focused on affordable housing loans to self-employed and salaried borrowers in Tier 2-4 cities. Overlaps with Sammaan Capital's affordable housing segment and rural/semi-urban customer strategy, with similar loan products (home loan, LAP, home improvement) and comparable underwriting approach.
• Aadhar Housing Finance: India's largest affordable housing finance company focused on low-ticket home loans and LAP to underserved segments. Highly comparable to Sammaan Capital's affordable housing positioning and rural/semi-urban customer base, with similar small-ticket average loan size.
• ICICI Home Finance: A subsidiary of ICICI Bank focused on home loans, LAP, and affordable housing. Directly comparable product mix to Sammaan Capital, with funding cost advantage from ICICI Bank parent and overlap in salaried/self-employed customer targeting.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ibhomeloans
• YouTubeyoutube.com/channel/UCbGGsNFF9s2Gdnl_V3X55PQ
• Facebookfacebook.com/timeline
• LinkedInlinkedin.com/company/indiabull
• Instagraminstagram.com/indiabullshomeloans/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds8 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sammaan Capital