Sammaan Capital Ltd (formerly Indiabulls Housing Finance)

Rebranded in 2024, the company is transforming from a legacy housing finance player to a growth-focused NBFC targeting affordable housing. Recent institutional inflows — including $150 million via QIP from Capital Group, BlackRock, and Marshall Wace — signal rising institutional confidence. Additionally, a $1 billion investment from Abu Dhabi’s IHC strengthens capital adequacy and supports an ambitious plan to double AUM to ₹1 trillion by FY27. FY25 results showed AUM growth of 41% YoY, capital adequacy at 34.8%, and steady improvement in asset quality. The company’s shift toward smaller-ticket, secured retail lending reduces concentration risk and aligns with government housing push. In essence: Sammaan Capital’s turnaround is more structural than speculative — stronger capitalization, visible growth runway, and strategic investor backing make it a credible mid-term re-rating story.