Gagan Banga with digital lending icons, symbolizing IHC Group's investment in Sammaan Capital.
Sammaan Capital is set to expand its lending operations in India following a significant stake acquisition by Abu Dhabi’s IHC Group. The capital infusion aims to double Sammaan Capital’s asset base within three years, according to Gagan Banga, CEO.
The company plans to focus on several key lending areas, including personal loans, gold loans, and loans for small businesses. A strategic priority is also set on financing electric vehicles (EVs), aligning with India’s growing focus on sustainable transportation.
With IHC’s backing, Sammaan Capital aims to capitalize on the increasing demand for financial services across various sectors in the Indian market. The investment reflects a growing interest from international investors in India’s financial services sector, particularly in companies focusing on retail and SME lending.
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