Incred Capital Financial Services Limited

About the Company InCred Capital Financial Services Limited is the wealth and institutional arm of the InCred Group, operating as a full-stack financial services platform. It integrates a broad set of services under one roof — as a full-stack financial services platform, InCred Capital integrates wealth management, asset management, M&A, capital markets, equity research and broking, as well as equity derivatives. The Founder & the Group's Origins InCred was built by a banker with a two-decade global pedigree: Founder: Bhupinder Singh founded InCred Group in 2016, with InCred Finance starting in March 2016, InCred Capital in September 2018, InCred Wealth in December 2019, InCred AMC in September 2020, and InCred Money in 2023 Background: Before InCred, Singh spent 16 years at Deutsche Bank, most recently co-heading its Corporate Banking & Securities division for Asia Pacific, running its Fixed Income, Equities, and Investment Banking businesses Group scale today: A diversified financial services firm headquartered in Mumbai, with over 3,500 employees and 150 branches across India. Where InCred Capital Sits in the Group The InCred Group operates through three distinct, independently run businesses: Vertical Business InCred Finance New-age, tech- and analytics-driven lending NBFC (personal, student, SME, and secured business loans) InCred Capital (this entity) Integrated institutional, wealth, and asset management platform InCred Money Integrated B2C and B2B2C digital investment distribution platform targeting the mass-affluent and retail segment A key structural nuance worth noting: InCred Capital and InCred Money are not subsidiaries of InCred Holdings Limited (the lending arm's parent) Both businesses operate independently under the broader InCred Group So while the group's NBFC arm is heading toward an IPO, InCred Capital sits outside that listing structure. Business Lines InCred Capital's platform spans several integrated verticals: Wealth Management & Family Office — serving HNIs, ultra-HNIs, family offices, and corporate treasuries Institutional Equities — research and broking Investment Banking — M&A and equity capital markets Asset Management — delivered through two entities, InCred Asset Management Private Limited (also a SEBI-registered Portfolio Manager) and InCred Alternative Investments Private Limited Wholesale Debt & Equity Derivatives Its investment banking desk has been especially visible lately: The branch has been in the headlines for capital raises for Indiabulls, Oyo, E2E, and Ugro It's also serving as a Book Running Lead Manager on the InCred Holdings IPO Assets Under Management InCred Capital's AUM has scaled rapidly — and notably, this is an operational metric the company discloses through investor and press updates rather than in its audited financial statements. Group wealth platform: InCred Wealth crossed over $10 billion (more than ₹1 lakh crore) in AUM, reaching that scale within six years of its 2020 launch. By mid-2026, company disclosures placed the figure at roughly $10.5–11.5 billion. Relationship managers: Over 700 RMs, with a median banker experience close to two decades. Offshore arm (InCred Global Wealth): More than $3 billion managed via teams in Singapore, Dubai, and London. InCred Alternative Investments: Surpassed ₹4,000 crore in private credit AUM. The model follows an open-architecture approach with a tilt toward alternatives such as private equity, credit, and market-linked debentures, supported by a structured products desk and group synergies across broking, institutional research, investment banking, and capital markets. Recent Developments InCred Capital has been in expansion mode on multiple fronts: US launch (June 2026): Opened a New York office to serve institutional investors, family offices, and sophisticated clients with India-focused research, execution, and capital markets solutions. It hired Arunava Das — former CEO of JM Financial Securities Inc. and JM Private Wealth (North America), with prior senior roles at JPMorgan Chase and Edelweiss — as CEO, North America. Singapore acquisition (May 2026): Announced the acquisition of Singapore-based fund management firm S Cube Capital (founded 2019 by Balaji Swaminathan and Hemant Mishr), to be integrated into its Singapore subsidiary InCred Global Wealth. Group restructuring (March 2025): A Composite Scheme of Arrangement consolidated the group's SEBI-regulated wealth businesses (InCred Wealth Private Limited and subsidiaries) into the company, with an appointed date of April 1, 2025 — streamlining the corporate structure ahead of the next growth phase.