Indiabulls Housing Finance Ltd. rebrands as Sammaan Capital Ltd
Indiabulls Housing Finance Ltd has undergone a significant transformation, rebranding itself as Sammaan Capital Ltd. This change signifies its shift from a promoter-led entity to a board-run, diversified financial institution. The rebranding, effective upon receipt of regulatory approvals, marks a significant milestone in the company’s 25-year journey since its inception as Indiabulls Financial Services Limited in 2000.
The Indiabulls Housing Finance‘s evolution includes substantial governance reforms, with former RBI Deputy Governor S.S. Mundra assuming the role of Independent Chairman in 2020. Independent directors with relevant business expertise have strengthened oversight, and the former promoter has fully divested his stake, enhancing board independence and oversight capabilities.
Sammaan Capital will maintain a retail-focused approach, specializing in affordable home loans and mortgage-backed loans for micro, medium, and small businesses. Emphasizing an asset-light model, the company aims for Asset Under Management (AUM) growth through strategic partnerships in loan origination and co-lending arrangements with banks and financial institutions.
The company plans to swiftly integrate its new identity across operations, including branches, website, and marketing materials. Customer engagement initiatives will underscore the rebranding, aligning with strategic objectives aimed at enhancing Return on Equity (RoE) through sustainable business growth in the retail segment.
