Nithin and Nikhil Kamath, the pioneering minds behind Zerodha, a leading online stockbroking platform, have secured a minority stake in InCred Holdings, the parent company of InCred Financial Services, a prominent non-banking financial company (NBFC). This strategic investment, valued at Rs 250 crore, reflects their confidence in InCred’s vision and potential.
As InCred gears up for a potential Rs 4,000 crore initial public offering (IPO), it joins a wave of technology-driven financial firms aiming to capitalize on public market opportunities. This move positions InCred to strengthen its foothold in the evolving financial services sector, leveraging innovation to drive growth.
Strategic Minority Stake Acquisition
Nithin and Nikhil Kamath, the co-founders of Zerodha, have infused ₹250 crore to secure a minority stake in InCred Holdings Ltd, the parent entity of InCred Financial Services Ltd (IFSL). This tech-driven Non-Banking Financial Company (NBFC) specializes in providing loans for consumers, small and medium enterprises (SMEs), and education sectors.
Nikhil Kamath on India’s Evolving Credit Landscape
Nikhil Kamath emphasized the transformative potential of India’s credit ecosystem, stating, “The lending space in India is undergoing a rapid shift toward formalization, digitization, and greater accessibility. InCred Group has demonstrated a keen understanding of these trends with its robust team, technology-driven model, and clear market vision. Our investment reflects confidence in this transformation and the power of disciplined lending to grow sustainably.”
InCred Group’s Diverse Lending Portfolio
Established in 2016 by Bhupinder Singh, InCred Group has emerged as a versatile lending platform catering to retail and MSME clients across India. The company leverages advanced data analytics, proprietary risk assessment tools, and a digital-first approach to distinguish itself in the competitive financial services market.
InCred’s Multi-Pronged BFSI Operations
InCred Group operates across the Banking, Financial Services, and Insurance (BFSI) sector through three key subsidiaries:
- InCred Finance: Focused on lending solutions.
- InCred Capital: Engages in wealth and asset management, investment banking, and equities.
- InCred Money: Specializes in retail bonds and alternative investment products.
This investment underscores the growing synergy between technology and financial services, with InCred poised to drive innovation in India’s lending ecosystem.
Last Updated on Thursday, June 26, 2025 5:58 am by Tamatam charan sai Reddy
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