Financial Services • Investment banking and asset management

InCred Capital Financial Services Limited is a Mumbai-based financial services company. Through its subsidiaries it serves corporate and institutional clients with asset management and investment banking platforms. It also deals in securities and commodities, gives structured finance advisory and sponsors schemes of Alternative Investment Funds. The company was incorporated in India on 27th March 1996 and is now a public limited company. The numbers below are consolidated and come from the FY26 annual report, where amounts are stated in lakh. Consolidated revenue from operations was ₹1,45,282.93 lakh in FY26, against ₹68,678.83 lakh in FY25. Consolidated profit after tax was ₹4,094.66 lakh, against ₹11,217.53 lakh a year earlier. Profit fell even though revenue more than doubled. The FY26 figure includes an exceptional item of ₹5,968.00 lakh, and it also includes ₹52,700.00 lakh of commodity purchases. The company put ₹325 crore into its NBFC arm during the year, aimed at growing its Loan Against Shares book. At 31 March 2026 consolidated total assets were ₹3,03,103.35 lakh and total equity was ₹1,12,117.81 lakh. The company does not pay dividends and has not recommended one on its equity shares. Promoter Bhupinder Singh held 54,27,477 equity shares, or 36.38%, at 31 March 2026. Paragon Partners Growth Fund-I held 8,07,408 shares, or 5.41%. The paid-up equity was 1,49,20,571 shares of ₹10 each. A Composite Scheme of Arrangement was implemented on September 01, 2026, which changed the capital structure. The company has not filed a DRHP with SEBI as per our records, so no IPO date or price is known. Unlisted shares of a company like this are dealt off-market between private buyers and sellers. The indicative price on IPO Guru is ₹4,850 per share as on 2026-10-13, which implies a market cap of about ₹7,640.64 crore. This is an indicative figure and not an exchange price.
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Data refreshed 08 Nov 2026, 08:30 pm IST.