InCred Finance is a prominent financial services company in India, founded by Bhupinder Singh in 2016. It is based in Mumbai and operates primarily as a non-banking financial company (NBFC). InCred Finance leverages technology and data analytics to offer a range of financial services, including personal loans, education loans, and MSME (Micro, Small, and Medium Enterprises) loans. The company has raised significant capital, amounting to $318 million over several funding rounds, and is valued at approximately $1.04 billion as of December 2023.
Attribute | Information |
---|---|
Founding Date | 2016 |
Headquarters | Mumbai, India |
Founders | Bhupinder Singh |
Revenue | ₹2.71 billion (as of March 2024) |
Profits | ₹372.17 crore net profit (FY2025) |
Key Investors | FMO, KKR, Paragon Partners, Varanium Capital |
Industry | Financial Services |
Number of Employees | 2004 (as of January 2025) |
Valuation | $1.04 billion (as of December 2023) |
InCred Finance was established in 2016 by Bhupinder Singh, an experienced banker with a strong background in financial services. With an initial seed capital of around ₹500 crore, the company set out to revolutionize lending in India by leveraging advanced technology and data analytics. InCred focused on delivering consumer loans, particularly personal and education loans, using a digital-first approach. The company quickly gained traction, attracting a robust investor base and raising capital at periodic intervals to fuel its expansion.
InCred Finance operates a diversified business model, providing a wide array of financial products tailored to individual and business needs. Key achievements of InCred include:
InCred Finance is recognized as a significant player in the Indian NBFC sector, serving a diverse customer base with a focus on retail and MSME lending. As of early 2025, the company has been actively expanding its loan book, with a significant emphasis on retail loans, which make up approximately 87% of its total AUM. The company's strong capital position and capability to raise funds contribute to its competitive advantage in the market. By entering the gold loan segment, InCred aims to strengthen its market position and achieve further business diversification.
InCred Finance has established itself as a formidable entity in India's financial services landscape, notably through strategic acquisitions, product innovation, and technological investment. As the company prepares for a public offering in the foreseeable future, it continues to strengthen its market position by expanding its product offerings and solidifying its capital base. With a focus on expanding its retail lending operations and new investments in lower-risk segments like gold loans, InCred is poised for sustained growth and enhanced market influence.