Launch · Financial Services
InCred Capital launches InCred Black for wealthy clients
By Startup Enthusiast ·
- Date
- Company
- InCred Capital
- What it does
- Institutional and wealth management services
- Kind
- Launch
- Stage
- growth
- Based in
- Mumbai
- Founded
- 2018
- Sector
- Financial Services
What they do
InCred Capital provides integrated institutional, wealth, and asset management services, connecting global liquidity with diverse investment opportunities…
What happened
The company launched InCred Black, a new wealth management division specifically designed to serve the ultra-high-net-worth individual (UHNI) segment
Why it matters
This expansion is led by three industry veterans who previously managed wealth businesses at Avendus and bring decades of experience from global financial…
The details
- InCred Capital has officially launched InCred Black to provide specialized wealth management services for ultra-high-net-worth individuals.
- The new division offers comprehensive solutions including asset allocation, alternative investments, and access to both public and private markets.
- Clients can also access credit, liquidity solutions, and global investment opportunities through the platform.
- The launch is supported by the broader investment, advisory, and institutional capabilities of the InCred Group.
- Founders Alok Agrawal, Harmeet Sahney, and Zarksis Gotla will lead the new unit's growth and client relationship strategies.
- The company plans to scale the business by hiring additional senior bankers and specialized talent.
The bigger picture
- The InCred wealth franchise has successfully crossed Rs 1 lakh crore in assets under management (AUM).
- InCred Black operates as a distinct vertical separate from the entity preparing for an upcoming IPO.
- The leadership team brings over 80 years of collective experience from firms like Kotak, Barclays, and Credit Suisse.
About the business
- InCred Capital functions as an integrated ecosystem for institutional, wealth, and asset management.
- The firm serves over 270 institutional clients across its various service lines.
- It has handled approximately $7 billion in total investment banking deal volume.
- The company is recognized as a leading private lender by deal volume in the alternative investments space.
- InCred Group was founded in 2016 and has since expanded into finance, wholesale banking, wealth management, and asset management.
What happens next
- The team will focus on scaling the new business through team expansion.
- InCred Black plans to recruit more senior bankers and specialist talent.
The deal
- Type
- launch
Founders
- Bhupinder Singh, Founder and Group CEO
- Alok Agrawal, Co-Founder, InCred Black
- Harmeet Sahney, Co-Founder, InCred Black
- Zarksis Gotla, Co-Founder, InCred Black
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