Business
InCred Holdings Files Confidential DRHP With Sebi To Launch IPO
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InCred Holdings, led by Bhupinder Singh, confidentially filed DRHP with SEBI as it eyes capital markets.
Incred Holdings files confidential DRHP
InCred Holdings, the 100% holding company of InCred Financial Services Limited (InCred Finance), has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), as per the public announcement.
The company, part of Bhupinder Singh founded InCred Group, is looking to tap the capital markets.
According to several reports, the IPO size could be in range between Rs 4,000-5000 crore. The IPO will comprise of fresh issue as well as an offer-for-sale.
InCred Finance is part of InCred Group, a diversified financial services group that has three distinct business – ‘InCred Finance’ the lending focused NBFC, ‘InCred Capital’ the integrated institutional platform and ‘InCred Money’ which is the retail wealth-tech investment distribution vertical.
The marquee investors are Abu Dhabi Investment Authority, TRS (Teacher Retirement System of Texas), KKR, Oaks, Elevar Equity, and Moore Venture Partners
Since inception in 2016, InCred Finance has disbursed loans worth over Rs 25,000 crore, serving more than 4 lakh customers through a network of 140+ branches and a workforce of 2,600+ employees. Personal Loan, Student Loan, Specialised MSME Loan, Secured Business Loan and Loans for Financial Institutions.
The lender has built scale with over Rs 12,585 crore (39% YoY growth) in assets under management (AUM) as of FY25, supported by disciplined risk management and the use of technology and data science to serve underserved customer segments.
The business operates with a diversified loan book which provides natural protection against segment-specific risks.
Bhupinder Singh, who previously co-headed Deutsche Bank’s Corporate Banking & Securities division for Asia-Pacific before founding InCred Group in 2016, has built a full-fledged diversified financial services platform under InCred Group.
InCred Finance, which merged with KKR India Financial Services in 2022 to form a joint entity under the InCred Finance brand, reported a net revenue of Rs 1,255.0 crore for the financial year ended March 2025 — a growth of 49.9% over the previous year. During this period, InCred Finance reported a standalone profit of Rs 372.2 crore.
For the quarter ended June 2025, the company posted a profit of Rs 94.2 crore, while net revenue rose 42.0% to Rs 376.6 crore from Rs 265.2 crore a year ago
The listed shares of Incred Holdings Limited are trading at Rs 165 as of now.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 09, 2025, 13:34 IST
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Business
India’s Forex Reserves Surge $4.36 Billion To $693 Billion, Gold Holding Rises $2.6 Billion
Last Updated:
India’s Latest Forex Reserves: The value of the gold reserves jumps $2.623 billion to $110.365 billion during the week ended December 19.
India’s Latest Forex Reserves.
India’s foreign exchange (forex) reserves surged $4.368 billion to $693.318 billion during the week ended December 19, according to the latest data from the Reserve Bank of India (RBI). The value of the gold reserves jumped $2.623 billion to $110.365 billion during the week.
The overall kitty had increased by $1.689 billion to $688.949 billion in the previous week.
For the week ended December 19, foreign currency assets, a major component of the reserves, increased by $1.641 billion to $559.428 billion, according to the Reserve Bank of India’s latest ‘Weekly Statistical Supplement’ data.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
The special drawing rights (SDRs) were up by $8 million to $18.744 billion.
India’s reserve position with the IMF was up by $95 million to $4.782 billion in the week, according to the RBI data.
The price of the safe-haven asset gold has been on a sharp uptrend over recent months, perhaps amid heightened global uncertainties and robust investment demand.
After the last monetary policy review meeting, the RBI had said that the country’s foreign exchange reserves were sufficient to cover more than 11 months of merchandise imports. Overall, India’s external sector remains resilient, and the RBI is confident it can comfortably meet external financing requirements.
In 2023, India added around $58 billion to its foreign exchange reserves, contrasting with a cumulative decline of $71 billion in 2022. In 2024, reserves rose by just over $20 billion. So far in 2025, the forex kitty has increased by about $47-48 billion, according to data.
Foreign exchange reserves, or FX reserves, are assets held by a nation’s central bank or monetary authority, primarily in reserve currencies such as the US dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
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December 27, 2025, 08:17 IST
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MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed entities under labels such as consumer awareness, marketing and advertising.
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ISLAMABAD:
Pakistan has registered 144 olive startups as part of a decade-long government initiative aimed at developing the olive sector.
Olive Promotional Programme National Project Director Dr Muhammad Tariq told Wealth Pakistan that the sector had recorded rapid growth over the past 10 years due to sustained government backing.
“Ten years ago, when the government started this programme, we had only one entrepreneur. Today, we have 144 startups and entrepreneurs. It is a very fast-growing sector,” he said.
Tariq noted that the government’s continued support had played a central role in transforming the olive sector into a viable agro-industry. The federal minister for national food security has also taken steps to strengthen the sector by pursuing Pakistan’s full membership at the International Olive Council. “Hopefully, there will be progress within three months,” he said.
India’s Forex Reserves Surge $4.36 Billion To $693 Billion, Gold Holding Rises $2.6 Billion
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