Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) is India's largest mortgage-focused NBFC, which was incorporated on May 10, 2005. As an NBFC, SCL is regulated by the Reserve Bank of India (RBI), India's central bank. The Company operate a nationwide network of over 200 branches, 8,500+ channel partners, and the pioneering digital platforms which offers quick, convenient and competitively priced home loans in the affordable housing segment. Additionally, the company also offers loans to MSMEs/small business for working capital or business expansion requirement.
The Company is engaged in the business of providing finance to persons, body of individuals, companies, institutions, firms, builders, contractors etc, for construction, erection, building, repair, remodeling, development, improvement, purchase etc; to build, to take on lease, purchase or acquire in any manner whatsoever any apartments, houses, flats, bungalows, township, rooms etc; to carry on the business of financial advisors and consultants on its own or jointly with others.
In December 28, 2005, the company was registered to carry on the business of a Housing Finance Institution but does not have permission from the National Housing Bank to accept public deposits.
Indiabulls Housing Finance Ltd operates as a subsidiary of Indiabulls Financial Services Ltd.
In 2014, the Company has been awarded as the Fastest Growing Housing Finance Company of the Year 2013-14 by NAREDCO. In 2015, the company has acquired about 40 per cent stake in UK-based Oak North Bank for USD 100 million (about Rs 660 crore). The company was awarded Best Housing Finance Company' by Realty Plus and Best Affordable Housing Finance Company of the Year' by ASSOCHAM. The company also announced the launch of Indiabulls Customer Connect' - an exclusive branch to address all service related inquiries of the customers. The company expanded its overseas presence, with the launch of its first representat