The Global Holding Company has announced a significant investment agreement with Suman Capital Limited, valued at $1 billion (approximately 8,850 crore Indian rupees). Suman Capital Limited, listed on both the Bombay Stock Exchange and the National Stock Exchange of India, ranks among the largest non-banking financial companies in India.
The company primarily focuses on mortgage lending and operates through 220 branches across more than 150 cities and towns in India, employing over 4,430 staff members. This positions Suman Capital as a key player in promoting local economic growth and enhancing financial inclusion.
This $1 billion investment from the Global Holding Company underscores its strong confidence in the long-term potential of the Indian financial sector. It also reaffirms its commitment to broadening access to capital, accelerating the delivery of innovative credit solutions, and furthering growth and financial inclusion.
Said Baser Shoaib, CEO of Global Holding Company: “India represents a strategically vital market for us, characterized by strong fundamentals and promising growth potential.”
He added, “Suman Capital has established its leading position and critical role in enabling homeownership and supporting small businesses throughout India. Through this $1 billion investment, we affirm our dedication to the next phase of the company’s growth journey, including the application of artificial intelligence to enhance lending and credit solutions and to strengthen our contribution to the development of the Indian financial ecosystem.”