India's Richest People 2026 edition · 1 director · Source: Hurun India
- #492 Bhupinder Singh ₹7,100 Cr
Revenue · FY 2025
₹11.75 Cr
▲ 160% YoY
Net profit · FY 2025
₹62.92 Lakh
Net margin 5.4%
EBITDA · FY 2025
-₹27.81 Lakh
EBITDA margin -2.4%
Authorised capital
₹2,003.03 Cr
Registered with MCA
Paid-up capital
₹655.69 Cr
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
2
Provident fund records
Directors on board
7
As per MCA filings
About Incred Holdings Limited
Data last updated:
Incred Holdings Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Kkr India Financial Investments Pte Ltd.. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 January 2011 and has been in existence for over 15 years.
Its director Bhupinder Singh is #492 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2011PLC211738. Its GSTIN is 27AAECK1977B1ZM (Maharashtra).
The company has an authorised share capital of ₹2,003.03 Cr and a paid-up capital of ₹655.69 Cr. It was formerly known as Kkr Capital Markets India Limited and Kkr Capital Markets India Private Limited. It is led by directors including Bhupinder Singh (Whole-Time Director) and Vivekanand Suryaprakash Periayapatnam.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 1203 12th Floor B Wing The Capital Plot No. C – 70 G Block BKC, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹62.92 Lakh (net margin 5.4%) and EBITDA of -₹27.81 Lakh (EBITDA margin -2.4%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 11% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: InCred. Court records list 19 cases involving the company, including 4 filed by the company and 15 filed against it; 10 cases are pending. The company has 11 deals on record (5 funding rounds, 3 acquisitions, 2 secondary share transfers), with disclosed funding of ₹1,514.59 Cr; the latest was in June 2025. The company has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website incred.com.
Company details
CIN U67190MH2011PLC211738
Registration Number 211738
Incorporation Date 03 January 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Kkr India Financial Investments Pte Ltd.
Compliance Status Active Compliant
Name history
Incred Holdings has undergone 2 name changes throughout its history. The company was previously known as Kkr Capital Markets India Limited, and Kkr Capital Markets India Private Limited. The current legal name is Incred Holdings Limited.
| Company Name | Status |
|---|---|
| Incred Holdings Limited | Current |
| Kkr Capital Markets India Limited | Previous |
| Kkr Capital Markets India Private Limited | Previous |
CIN history
Incred Holdings has one previous CIN (Corporate Identification Number): U67190MH2011PTC211738. The current CIN is U67190MH2011PLC211738, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2011PLC211738 | Current |
| U67190MH2011PTC211738 | Previous |
Key People
Bhupinder Singh Whole-Time Director Gaurav Maheshwari Cfo Vivekanand Suryaprakash Periayapatnam Director Recognitions & Rankings of Incred Holdings
Contact details
Incred Holdings Limited's registered office is in Mumbai, Maharashtra. Its website is incred.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 1203 12th Floor B Wing The Capital Plot No. C – 70 G Block BKC, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Incred Holdings Limited, buy the company report.
Comprehensive company report
Incred Holdings Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Incred Holdings operates one associated brand: InCred. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services are provided, specializing in personal and business loans. | incred.com |
Business activity
The main business activity of Incred Holdings is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Incred Holdings Limited, buy the company report.
Financials of Incred Holdings Limited
FY 2025 filings availableIncred Holdings Limited reported revenue of ₹11.75 Cr (up 160% YoY) for FY 2025.
Revenue · FY 2025
₹11.75 Cr ▲ 160%
Net profit · FY 2025
₹62.92 Lakh margin 5.4%
EBITDA · FY 2025
-₹27.81 Lakh margin -2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 160%
3 years · compounded
▲ 28%
5 years · compounded
▼ 11%
Revenue rose 160% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹27.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹62.92 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.4% | ||||
| Net Profit Margin | 5.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Incred Holdings Limited, buy the company report.
Board of directors and KMP of Incred Holdings Limited
Incred Holdings Limited currently reports 6 directors and 1 key managerial person. 29 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivekanand Suryaprakash Periayapatnam | Director | 26 Jul 2022 | 4 Years 3 Months | Current |
| Rupa Rajul Vora Also directs: Omniactive Health Technologies Limited, Saarathi Finance and Credit Private Limited, Incred Financial Services Limited and 5 more | Director | 26 Jul 2022 | 4 Years 3 Months | Current |
| Gaurav Maheshwari | Cfo | 16 Dec 2024 | 1 Years 10 Months | Current |
| Sekar Karnam Also directs: Incred Financial Services Limited, Laurus Labs Limited, Ugro Capital Limited and 1 more | Director | 26 Jul 2022 | 4 Years 3 Months | Current |
| Bhupinder Singh Also directs: Incred Financial Services Limited, Naab Restaurant LLP, Bhajji Da Dhaba Hospitality Private Limited and 5 more | Whole-Time Director | 26 Jul 2022 | 4 Years 3 Months | Current |
| Saurabh Kant Singh Also directs: Annadata Technologies India Private Limited | Additional Director | 02 Aug 2025 | 1 Years 2 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Auditor
Incred Holdings Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2025 | 117366W/W-100018 |
Shareholding
The shareholding of Incred Holdings Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Incred Holdings Limited, buy the company report.
Deals & funding
Incred Holdings Limited has 11 deals on record (5 funding rounds, 3 acquisitions, 2 secondary share transfers), with disclosed funding of ₹1,514.59 Cr; the latest was in June 2025.
Total deals
11
Funding rounds
5
Acquisitions
3
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹1,514.59 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Funding round | ₹250 Cr | Investors: 2 individuals |
| Dec 2023 | Funding round | ₹500 Cr | Investors: Incred Wealth and Investment Services Private Limited , MEMG Family Office, Incred Special Opportunities Fund Vcc - Incred Fund X, an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: MGA Ventures Seller: Others - Incred Holdings Limited |
| Jun 2012 | Secondary share transfer | Undisclosed | Seller: Incred Financial Services Limited |
| Feb 2011 | Funding round | ₹25 Lakh | Investors: Incred Financial Services Limited |
To see the full deal history of Incred Holdings Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Incred Holdings Limited has 19 court cases on record: 4 filed by Incred Holdings, 15 filed against it. 10 cases are pending and 9 are disposed.
Total cases
19
Filed by the company
4
Filed against the company
15
Pending
10
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 8 | 7 |
| NCLT | 5 | 3 | 1 |
| NCLAT | 3 | 3 | 2 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Avantha Holdings Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Axis Bank Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Avantha Holdings Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Axis Bank Limited | Disposed |
| Supreme Court | Court case (2809-Mercantile Laws, Commercial Transactions Including Banking : Matters relating to recovery of debts/bank loans due under the banks and financial institutions) | Filed against the company by Axis Bank Limited Deputy Vice President Shailendra Kumar Trishul, Iiird Floor, Opposite Smartheshwar Temple, Near Law Garden Ellisbridge ,Ahmedabad , Gujarat | Disposed |
To see the full case history of Incred Holdings Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Incred Holdings Limited has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sksi Associates LLP |
To see the full MSME payment records of Incred Holdings Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Incred Holdings has 4 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Incred Financial Services Limited | U67190MH1995PLC360817 | |
| Incred Finserv Private Limited | U72900MH2016PTC273211 | |
| Incred Prime Finance Limited | U74899MH1991PLC320312 | |
| Incred.Ai Limited | U74999MH2021PLC358271 |
To see the full group structure of Incred Holdings Limited, buy the company report.
Employees & EPFO
Incred Holdings Limited has a workforce of 2 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Employee growth
100%
GST
Incred Holdings has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECK1977B1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Incred Holdings Limited, buy the company report.
Recent activity
Incred Holdings Limited has 33 board changes on record since 2013: 9 appointments and 24 cessations. The latest: Ambika Bisla was appointed as Additional Director on 29 Oct 2025.
Appointed
Ambika Bisla was appointed as Additional Director.
AGM
Incred Holdings Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Appointed
Saurabh Kant Singh was appointed as Additional Director.
Filing
Incred Holdings Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Gaurav Maheshwari ceased to be Additional Director.
Appointed
Gaurav Maheshwari was appointed as CFO.
Appointed
Anil Maharaj Narayan Nagu was appointed as Director.
Ceased
Rohan Rakesh Suri ceased to be Additional Director.
Appointed
Rohan Rakesh Suri was appointed as Director.
Ceased
Bhupinder Singh ceased to be Additional Director.
Ceased
Debashish Dutta Gupta ceased to be Additional Director.
Ceased
Gaurav Trehan ceased to be Additional Director.
24 earlier events are in the company report.
News
Frequently asked questions
Incred Holdings is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 January 2011 (15+ years old) and is registered under CIN U67190MH2011PLC211738.
Incred Holdings has 7 current directors and KMP:
- Bhupinder Singh - Whole-Time Director
- Vivekanand Suryaprakash Periayapatnam - Director
- Rupa Rajul Vora - Director
- Sekar Karnam - Director
- Saurabh Kant Singh - Additional Director
- Ambika Bisla - Additional Director
- Gaurav Maheshwari - Cfo
The latest financial statements of Incred Holdings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Incred Holdings is 27AAECK1977B1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Incred Holdings is U67190MH2011PLC211738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incred Holdings has 19 court cases on record: 4 filed by the company and 15 filed against it. 10 are pending. Most are in the high courts.
Incred Holdings was incorporated on 03 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Incred Holdings has 11 deals on record (5 funding rounds, 3 acquisitions, 2 secondary share transfers), with disclosed funding of ₹1,514.59 Cr; the latest was in June 2025.
Ambika Bisla was appointed as Additional Director on 29 Oct 2025. Saurabh Kant Singh was appointed as Additional Director on 02 Aug 2025. Gaurav Maheshwari ceased to be Additional Director on 25 Mar 2025. Incred Holdings has 33 board changes on record in total.
Incred Holdings has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 21 Nov 2023.
Incred Holdings can be reached through the website incred.com. Its registered office is in Mumbai, Maharashtra, India.