InCred Financial Services Limited
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InCred Financial Services Limited - overview
Established
2016
Location
Mumbai, Maharashtra, India
Primary Industry
Financial Services
About
InCred Financial Services Limited, based in India, specializes in providing comprehensive financial solutions, including loans for personal, education, and business needs to cater to diverse customer segments. InCred Financial Services Limited was founded in 2016 and is headquartered in Mumbai, India. The company provides financial products aimed at fulfilling the funding needs of individuals and businesses. Bhupinder Singh serves as the CEO and is a key figure in the company's operations.
In February 2026, InCred Financial Services Limited raised INR 300 million in venture funding from Sabre Partners. InCred Financial Services offers a diverse range of financial products tailored to meet the needs of various customer segments. These include personal loans for major life expenses, education loans designed to assist students in financing their higher education, and business loans intended to support small and medium enterprises (SMEs) in managing their operational costs or expanding their operations. The company's offerings cater to a wide client base, including individuals, educational institutions, and a variety of businesses from startups to established enterprises, while focusing on urban centers in India.
InCred Financial Services generated a revenue of INR 96507. 60 mn for the most recent fiscal year 2023. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the same period stood at INR 43777. 80 mn.
Revenue is primarily derived from interest on loans and service fees, structured to provide competitive rates tailored to customer profiles. InCred Financial Services is strategically positioned to launch new financial products aimed at enhancing its service offerings. The company is actively expanding its presence in new markets across India, targeting regions with high growth potential in lending. The recent funding round, totaling INR 419 million in venture debt from Centrum Alternatives and M C Davar Holdings, will support these growth initiatives and enable further development of their product portfolio.
Current Investors
Investcorp, Alpha Capital, Paragon Partners
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services, Consumer Finance
Website
www.incred.com/
Verticals
FinTech
Company Stage
Series D
Total Amount Raised
Subscriber access only
InCred Financial Services Limited - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 629,266 | 595,715 | 585,350 | 616,719 | 9,906,288 | 1,191,393,543 | 2,903,571,123 | 3,180,341,657 | - | - | - |
| % Revenue Growth (YoY) | - | (5.3%) | (1.7%) | 5.4% | 1506.3% | 11926.6% | 143.7% | 9.5% | - | - | - |
| EBITDA (USD) | 304,637 | 78,653 | 51,744 | (198,099) | (63,823,374) | 331,734,910 | 1,450,817,660 | 1,355,460,981 | - | - | - |
| Operating Income (USD) | 304,637 | 78,653 | 51,744 | (198,099) | (64,416,358) | 324,422,359 | 1,435,507,669 | 1,247,719,796 | - | - | - |
| Operating Margin | 48.4% | 13.2% | 8.8% | (32.1%) | (650.3%) | 27.2% | 49.4% | 39.2% | - | - | - |
| % EBITDA Margin | 48.4% | 13.2% | 8.8% | (32.1%) | (644.3%) | 27.8% | 50.0% | 42.6% | - | - | - |
| NET Income (USD) | 106,516 | 30,686 | 35,521 | (206,734) | (53,311,301) | 93,833,149 | 38,458,949 | 43,370,971 | - | - | - |
| % Net Margin | 16.9% | 5.2% | 6.1% | (33.5%) | (538.2%) | 7.9% | 1.3% | 1.4% | - | - | - |
InCred Financial Services Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board of Directors | BM |
BM Board Member
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