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IPO-Bound InCred Attracts Rs 250 Crore Investment From Kamath Brothers
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InCred is among the NBFCs identified as "upper layer" by RBI, requiring mandatory listing by September 2025 under RBI's scale-based regulation for NBFCs.
Kamath Brothers Investment: Prominent investors and entrepreneurs Nikhil Kamath and Nithin Kamath have acquired a minor stake in InCred Holdings Limited, the parent company of InCred Financial Services Ltd (IFSL), by purchasing shares worth Rs 250 crore.
IFSL is a tech-driven Non-Banking Financial Company (NBFC) specializing in consumer, SME, and education lending.
After the purchase of minority stake, Nikhil Kamath, an investor and entrepreneur, said: 'India's credit ecosystem is changing fast—more formal, more digital, and more accessible."
He praised the InCred Group for its understanding of this shift, crediting the company's strong team, technology-first approach, and clear market vision. 'Backing them is a bet on that broader shift—and the belief that responsible lending can scale without losing sight of fundamentals."
InCred is among the NBFCs identified as 'upper layer" by the Reserve Bank of India (RBI), requiring mandatory listing by September 2025 under RBI's scale-based regulation for NBFCs. The company is reportedly preparing for an IPO in the coming months, with this investment by the Kamath brothers boosting its visibility and valuation ahead of the public issue.
InCred Financial Services is likely to launch its IPO about 40 billion rupees or $470 million, according an earlier report of ET. The Mumbai-headquartered company, a partner of KKR & Co., is in talks with firms including IIFL Securities, Kotak Mahindra Bank Ltd. and Nomura Holdings Inc. about working on an IPO.
InCred Financial Services Ltd, a subsidiary of InCred Holdings Limited, focuses on consumer, education, and SME lending. Since its inception, the company has leveraged data science, risk analytics, and digital-first operations to serve its customers effectively across India. InCred Holdings Limited serves as the parent company, overseeing the strategic direction and operations of InCred Financial Services Ltd.
Founded by Bhupinder Singh in 2016, InCred Group has developed a diversified lending platform catering to retail and MSME borrowers across India.
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