InCred Finance, established in 2016, is a Mumbai-based Non-Banking Financial Company (NBFC) that leverages technology and data science to simplify lending processes. The company offers a diverse range of financial products, including personal loans, education loans, and SME business loans, tailored to meet the unique needs of its customers. By focusing on a customer-centric approach, InCred Finance aims to make borrowing quick, simple, and hassle-free, thereby empowering individuals and businesses across India.
InCred Finance is led by a team of seasoned professionals with extensive experience in the financial services sector:
Founder and Group CEO, established InCred in 2016 with the vision of creating a world-class diversified financial services company. With over two decades in financial services, he previously co-headed the Corporate Banking and Securities division for the Asia Pacific region at Deutsche Bank.
Chief Financial Officer (CFO), brings over 27 years of financial leadership experience. Prior to joining InCred, he served as CFO at Standard Chartered Bank and held key positions at Altico Capital, Coca-Cola, and Reuters.
Assets Under Management (AUM): ₹9,039 crore, marking a 49% year-on-year growth from ₹6,062 crore as of March 31, 2023. Total Revenue: ₹1,293 crore in FY2024, a 47% increase compared to the previous fiscal year. Profit After Tax (PAT): ₹316 crore, up from ₹121 crore in FY2023, reflecting a significant improvement in profitability. Net Interest Margin (NIM): Improved to 10.3% in FY2024 from 9.2% in FY2023, indicating enhanced efficiency in lending operations. Capital Adequacy Ratio: Remained strong at 39.8% as of March 31, 2024, well above regulatory requirements.
CRISIL Ratings: Upgraded InCred Finance's long-term bank loan facilities and debt instruments to 'CRISIL AA-/Stable' from 'CRISIL A+/Stable', reflecting strong capitalization and improved earnings.ICRA Ratings: Reaffirmed the company's long-term rating, acknowledging its diversified loan portfolio and robust financial performance.
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The minimum investment amount is ₹1,00,000 per bond.
Interest is paid on a quarterly basis.
There is no lock-in period; however, investors should consider the maturity date when planning their investment.
Investors can explore investment options through financial platforms such as Aspero.
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