Incred Holdings Limited

InCred Holdings Limited, headquartered in Mumbai, is a diversified financial-services company founded in 2016 by Bhupinder Singh, a former Deutsche Bank executive. The InCred Group spans consumer lending, education financing, MSME loans, asset and wealth management, investment banking and digital investment distribution, and now runs with over 3,500 employees across more than 150 locations in India. Its model blends conventional lending with a heavy reliance on technology and data analytics, which the company credits for helping it scale while keeping risk in check. Milestones along the way include launching NBFC operations in 2016, acquiring fintech platform Qbera in 2020, and building partnerships with platforms such as Amazon and Flipkart. InCred reached unicorn status after merging with KKR India Financial Services and closing a ₹500 crore Series D round. On the numbers, the group's AUM grew to roughly ₹9,000 crore in FY24, with profit after tax of ₹309 crore and collection efficiency holding near 98%. Gross and net NPAs sit around 2.1%, while capital adequacy remains strong at close to 33%. The company points to its diversified lending mix, tech-driven risk assessment, capital backing from investors like KKR, and governance structure as its key strengths.