IIncred Financial Services Limited
ISIN: INE321N07632
Key Highlights
Yield
Rating
Min. Invest
9.0%
AA-
~₹ 1.01 Lakh
Interest
Principal
Maturity date
Seniority
Quarterly
Full Redemption
06/03/2028
Senior
About the Company
InCred Financial Services Limited is an RBI-registered non-deposit-taking systemically important Non-Banking Financial Company (NBFC-ND-SI) headquartered in Mumbai, India. The company leverages advanced technology and data science to deliver quick, seamless, and customer-centric lending solutions to individuals and small businesses across India.Founded in 2016 by Bhupinder Singh, former Co-Head of Corporate, Investment Banking, and Markets for Asia Pacific at Deutsche Bank, InCred was established with a vision to create a trustworthy, transparent, and high-integrity financial institution that positively advances the socio-economic well-being of lower middle-class to middle-class Indian households.
Financials
Yearly
*All values are in cr
Company Updates
InCred Finance acquires TruCap’s gold loans business
59 weeks ago
"Non-banking finance company (NBFC) InCred Finance has acquired NBFC TruCap Finance’s gold loan business through a slump sale. In a stock exchange filing, TruCap said the total value of the deal will be about Rs 330 crore, subject to “certain adjustments”, and is expected to be completed by April 30. The deal includes the transfer of the ‘Dhanvarsha’ brand name and its trademarks, from the listed NBFC TruCap Finance to InCred Finance. This deal marks InCred's entry into the lucrative gold loan market. The acquisition, aimed at strengthening InCred’s secured lending portfolio, comes as the Reserve Bank of India tightens scrutiny on unsecured lending by NBFCs and banks, prompting many players to expand their secured loan offerings."
Other disclosures
Incred Financial Services Limited
Yield 9.0%
Units
Inv. Amount
Exp. Returns
Payout Schedule
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