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The Sanmar Group has invested INR 100 crore in Chennai-based Aham Housing Finance, acquiring a controlling stake in the affordable housing lender. The capital infusion is expected to strengthen Aham's balance sheet, support branch expansion and enhance lending operations across underserved markets. The transaction marks Sanmar's entry into the housing finance sector as the diversified conglomerate broadens its presence in financial services. Aham Housing Finance will continue focusing on home loans for low- and middle-income households, particularly in semi-urban and rural regions.
The Sanmar Group has entered India's housing finance sector by investing INR 100 crore in Aham Housing Finance, securing a controlling stake in the Chennai-headquartered affordable housing lender. The investment is expected to provide fresh growth capital for the company while enabling Sanmar to diversify into financial services beyond its established presence in manufacturing and engineering.
Founded to serve borrowers with limited access to formal housing finance, Aham Housing Finance primarily caters to self-employed individuals, first-time homebuyers and customers in smaller towns and semi-urban markets. The lender has built its business around affordable housing loans, a segment that continues to receive policy support amid rising demand for formal home ownership.
The INR 100 crore capital infusion will be utilised to strengthen the company's capital base, expand its lending portfolio and accelerate its branch network across key markets. The additional resources are also expected to improve the lender's ability to meet regulatory capital requirements while supporting future business growth.
For the Sanmar Group, the acquisition represents a strategic diversification into housing finance at a time when affordable mortgage lending continues to offer long-term growth opportunities. The Chennai-based conglomerate has traditionally operated across sectors including chemicals, engineering, shipping and industrial businesses, and the investment broadens its portfolio into retail financial services.
India's affordable housing finance segment has witnessed sustained expansion in recent years, supported by urbanisation, government-backed housing initiatives and increasing demand from borrowers in Tier II and Tier III cities. Industry analysts expect specialised housing finance companies to continue benefiting from relatively low mortgage penetration and rising aspirations for home ownership across emerging markets.
Following the transaction, Aham Housing Finance is expected to continue operating with its existing business focus while leveraging Sanmar's financial backing to scale operations. The investment positions the lender to pursue faster growth in affordable housing finance, reinforcing its presence in an increasingly competitive mortgage market.
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