The victim identified as Manjeet Singh of Kapure village in the district was kidnapped by the suspects and later beaten up for three hours before being thrown close to his residence.
Singh was hospitalized, police said adding a case had been registered in this connection.
Preliminary investigations showed that one of the accused had demanded the return of his money loaned to Singh, police said.
However, when Singh failed to return his money, they kidnapped him, police added.
Police have identified three members of the gang as Puran, Jagna and Vicky.
The others are yet to be identified, they said adding that no arrests have been made so far.