Vipin,
We have a component called "Asimba" which is a SAML proxy (SP on one side, IDP on the other). Asimba also provides "Discovery" i.e. Where are you From (WAYF). This SAML proxy is used by SaaS providers who are serving many IDP's, and want to present only one SP metadata, and to provide just-in-time provisioning to dynamically register users who originate from a trusted IDP.
If that's the kind of thing you're looking for, the Gluu Server could be a good fit. If you just need SAML SP for one website, the Shibboleth SP is really stable software, that's used by thousands of websites. And besides that, there are many other great SP solutions like SimpleSAMLPhp, and OneLogin's many SAML libraries.