Business Overview
InCred Holdings Limited is the holding company of InCred Financial Services Limited (its material subsidiary), a non-banking financial company operating across India with a diversified lending portfolio. The group offers five principal product verticals — Personal Loans, Student Loans, Secured Business Loans (loan against property and school financing), Specialised MSME Loans (embedded financing and asset-backed financing), and Lending to Financial Institutions — addressing credit requirements of borrower categories underserved by traditional banking channels. Founded by Promoter Bhupinder Singh in 2017, the company has built a scalable technology-driven operational platform with a branch-led distribution network of 158 branches across 19 states and union territories as of December 31, 2025, serving creditworthy but underserved customers nationwide.
InCred Holdings IPO Size
Objects of the Issue
Investment in the Company's wholly owned subsidiary, InCred Financial Services Limited ("IFSL") for augmenting its capital base.
InCred Holdings IPO Financial Performance
(Rs. in crores)
| Particulars | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 1,848.94 | 1,873.62 | 1,272.70 | 865.65 |
| PAT | 290.15 | 373.15 | 309.04 | 109.06 |
| Net Worth | 4,202.44 | 3,803.27 | 3,386.77 | 2,547.80 |
| Borrowings | 10,163.76 | 8,358.51 | 5,017.15 | 3,864.37 |
| Assets | 14,716.31 | 12,500.53 | 8,767.62 | 6,678.80 |
| NAV (₹) | 64.09 | 58.74 | 52.77 | 42.80 |
| EPS (₹) | 4.45 | 5.81 | 5.07 | 1.85 |
Key Performance Indicators (KPIs)
NIM
9.85%
PAT
19.92%
ROE
10.38%
CRAR
25.73%
D/E
2.20
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band
Promoter Holding
Promoter
20.97%
Public
79.03%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (5)
Company Details
Name: Incred Holdings Limited
Address: Unit No 1203, 12th Floor, B Wing, The Capital, C-70, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India.
Number: +91 22 6844 6100
Email: secretarial.ihl@incred.com
Website: www.incredholdings.com
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