Construction Industry News
Indiabulls Housing Finance has changed its name to Sammaan Capital. The company has received Certificate of Incorporation from the Registrar of Companies, and a new Certificate of Registration from the Reserve Bank of India [RBI] in its new name.
Sammaan in Indian languages means respect, honor, courtesy, and dignity. The name is intended to convey the company’s customer-centric approach; celebrate its customers’ sense of pride in buying a house or owning a business; and represent proper and dignified conduct of business.
Gagan Banga, CEO, Sammaan Capital, said, “Our new identity underscores our respect for our customers and all other stakeholders, our commitment to treating them with dignity and honour, and our pledge to conduct our business in a dignified and trustworthy manner.”
Sammaan Capital, strategically, will remain focused on its retail products like home loans and mortgage-backed loans for MSMEs. The company’s asset-light model will drive AUM growth through co-lending and sell-down partnerships with banks and financial institutions, with an emphasis on RoE growth.
Sammaan Capital, in its first two decades of existence, was a promoter-led and promoter-driven lender. Over the last five years, the company has transformed into a board-run, professionally managed, diversely held financial institution. The company has built a fortress balance sheet with high capital adequacy (30%+), low leverage (~2.0x), stable NPAs, and robust provisioning buffers, which provide a robust foundation to support its continued growth.
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