Privacy Policy

Privacy Policy

This website www.incredcapital.com and other related internet based applications (collectively referred to as “website” or “services”) are owned and operated by InCred Capital Financial Services Limited, a company incorporated under the laws of Republic of India having its registered office at Plot No. C, The Capital, Unit No. 1203, 12th floor, B Wing, 70, G Block, Bandra Kurla Complex, Mumbai, Maharashtra 400051 (hereinafter referred to as “we”, or “us” or “our” or “InCred Capital”).

This privacy policy gives you details about our data collection methods and usage. You are advised to read this privacy policy along with the Terms of Use and other information on the website.

Users, please take note that any statements made on InCred Capital website shall not be construed as an offer or promises for grant of any services.

1. Use of Our Website or Services:

You will be able to use Our Website or Services as per Terms of Use.

2. Information collected by InCred Capital:
  1. Information provided by users through our Website or Services will include details required for availing respective Services. 
  2. Information from credit bureaus and customer service providers to help InCred Capital with customer verification and diligence required for InCred Capital and partners. 
  3. Log information: Search queries, IP address, crashes, date and time. 
  4. Location information: Your actual location. 
  5. Local storage: Browser web storage, application data caches. 
  6. Cookies and similar technologies. 
  7. Details required for administration or services and product improvement. 
  8. Record and/or monitor calls if InCred Capital it feels necessary for quality checks and staff training. Such recordings may also be used to help InCred Capital combat fraud. 
  9. Feedback given by you. 
  10.  Third-party advertisements: InCred Capital may use third-party advertising companies to serve ads when you visit our Website. These companies may use information about your usage preferences (but not your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. InCred Capital is not responsible for product and services of such websites and is also not responsible for their privacy practices, which InCred Capital does not own, manage or control. 
  11.  Termination of account: While you can terminate your account as per Terms of Use, your information may remain stored in archive on our servers even after the deletion or the termination of your account. 
  12.   Retention of information collected: The information collected from you will be retained during the:
    1. validity of your account and for the purpose of submission of such information. 
    2. As consented by you while creating your user account. 
    3. As required by any regulatory norms including but not limited to the norms prescribed under Prevention of Money Laundering Act, 2002. 
3. Use of information collected by InCred Capital:

The information will be used by InCred Capital for the following:

  1. To provide products or services you have requested.
  2. To provide information to our partners to assist them in making credit decisions about you.
  3. To help investigate violations of our Terms of Use or to defend against legal claims.
  4. To disclose information under special circumstances, such as compliance with applicable local laws, court summons, court orders, or requests from legal authorities or law enforcement agencies.
  5. To search credit bureaus and fraud prevention agencies.
  6. To get in touch with you when necessary and contact you by email, SMS, letter, telephone, or any other means regarding our products and services.
  7. To identify, prevent, detect, or address fraud, money laundering, terrorism, and other criminal activities.
  8. To evaluate you as an individual and to identify, develop, or improve products that may be of interest to you.
  9. To provide information to independent external bodies such as government departments, agencies, universities, and similar institutions for research purposes.
  10.  To perform administrative and operational activities, including system testing.
  11.  To trace your whereabouts where legally permitted.
  12.  To recover any payments owed to InCred Capital or its partners.
  13.  To comply with regulatory and legal obligations.
  14.  To show you advertisements.
  15.  To contact you as a survey respondent.
  16.  To maintain records as required under applicable laws or pursuant to agreements executed by InCred Capital.
  17.  To carry out, monitor, and analyze business operations, market research, statistical analysis, and product improvement initiatives.
  18.  To carry out audits.
4. Specific consent
  1. You consent and grant us authority to share your information with third parties to
    • Provide the product or service you have requested.
    • To enable them to contact you or to certain service partners in order to respond to your queries/comments or to resolve service issues and to serve you better.
    • To collect information about you as mentioned in section 2 of this Privacy Policy and use the same for those purposes mentioned in section 3 of this Privacy Policy.
  2. By using the Website/Services you authorize us, our affiliates & our associate partners to contact you via email or phone call or SMS and offer you their services/ product, imparting product knowledge, offer promotional offers running on their websites & offers offered by the associated third parties. Irrespective of the fact if also you have registered yourself under DND or DNC or NCPR service, you still authorize to give you a call from InCred Capital & its associates/partners for the above-mentioned purposes.
5. Security

Your account information is password-protected for your privacy and security. You shall be the custodian of your password and comply with the applicable terms mentioned on the Website in this regard.

6. Changes in Privacy Policy

Our Privacy Policy might change from time to time, and InCred Capital will provide notice of it on your email address linked to your account or can be seen by you in our website.

7. Incorporation of Privacy Policy to the Terms of Use

This Privacy Policy is incorporated to the Terms of Use and other specific terms of this Website.

8. Contact

For any information regarding the Privacy Policy, please email us at

Bhupinder Singh

Founder, Director and Group CEO, InCred

Bhupinder Singh founded InCred Group in 2016, with InCred Finance starting in March 2016, InCred Capital-Wholesale Banking starting in September 2018, InCred Wealth starting in December 2019, InCred AMC starting in September 2020, and InCred Money in 2023. Prior to InCred, he worked at Deutsche Bank for 16 years in various capacities, in London and Singapore. Most recently, he co-headed the Corporate Banking and Securities (‘CB&S’) of Deutsche Bank for the Asia Pacific region, based in Singapore. In this capacity, he managed Deutsche Bank’s Fixed Income, Equities and Investment Banking divisions and was a member of the global CB&S executive committee. He was also the Head of Corporate Finance division for Deutsche Bank in the Asia Pacific region managing the bank’s corporate coverage, investment banking, capital markets, advisory and treasury solutions businesses

Vijay Gomatam

Advisor – Industrials

Vijay Gomatam has over 20 years of banking experience across M&A, corporate finance, capital markets, and corporate banking, with a strong focus on cross-border deal origination and execution across India, Southeast Asia, Japan, and Australia. He has deep sector expertise in industrials, IT services, media, and telecom, with extensive experience in India - Southeast Asia and India–Japan transactions. Vijay previously served as Director at MUFG Bank, Singapore, where he led the India - Japan M&A corridor, and earlier worked with Deutsche Bank, Merrill Lynch, Houlihan Lokey, and Edelweiss Alternative Asset Advisors.

His transaction experience includes Motherson Group’s acquisition of TSE-listed Yachiyo Industries, Takahata India’s stake sale to SPRL, Toppan Form’s acquisition of PT RDS in Indonesia, Mitsui’s investment in FKS Food & Agri, CVC’s investment in PT LinkNet, and capital market transactions for Southeast Asian media and telecom clients including SingTel, Axiata, and Bakrie Group.

He holds an MBA from IIM Calcutta and a B.E. (Hons.) from Nanyang Technological University, Singapore.

Akbar Khan

Senior Advisor – Technology

Akbar Khan has over twenty years of experience across M&A advisory, Private Equity, and Corporate M&A, along with a decade as an entrepreneur and operator. He has held senior roles at Bank of America Merrill Lynch in India and London, where he led Telecom & Technology Investment Banking, Private Equity coverage, and M&A, and at General Electric, where he served as Head of Corporate Development and M&A for India and the MENA region. He has advised global corporates and financial sponsors including Reuters Plc, Telecom Italia, Hellenic Telecom, MTN, Tata Group, Apax Partners, Warburg Pincus, and TA Associates, and has led several notable transactions. These include advising E2E Networks on

its USD 50M capital raise, QuEST Global on its USD 75M Series B private placement to Warburg Pincus, Rain Technologies on its USD 65M Series A financing from QED Investors and Invus, Augnito.ai on its Pre-Series A raise from Apollo Hospitals Group, Tata Consultancy Services on the acquisition of Citigroup’s captive back-office unit, Forthnet in Greece on the acquisition of Netmed, and Telecom Italia on the sale of Cosmote via a leveraged buyout by Apax Partners and TPG.

In addition, Akbar co-founded and served as CEO of Rain Technologies India an earned wage access fintech platform.

He holds an MBA from London Business School and is a UK-qualified Chartered Accountant.

Shreyan ML

Managing Director – Healthcare & Pharma

Shreyan ML leads the healthcare and pharma investment banking practice and brings over 15 years of experience across investment banking, corporate M&A, and management consulting within the pharmaceutical sector. Prior to joining MAPE, he worked with Spark Capital, Strides Group, Wanbury Limited, and Tata Strategic Management Group.

His deal experience includes advising Curatio Healthcare on the sale of its business to Torrent Pharmaceuticals; Sale of TTK’s human pharma business to Bharat Serums; Glenmark Pharmaceuticals on the sale of the Razel brand to KKR-backed JB Chemicals & Pharma and the sale of nine dermatology brands to Eris Oaknet.

As Corporate M&A Head at Strides Group, he was involved in thesale of Agila to Mylan and led the animal health strategy at Sequent Scientific, executing over 12 transactions including fundraises and cross-border acquisitions.

He holds an MBA from IIM Indore and is a computer engineer from NIT Karnataka.

Arjun Mukherjee

Managing Director – Industrials

Arjun Mukherjee brings over 20 years of investment banking experience, with a strong focus on mergers & acquisitions and capital raising across Industrials, Education, Telecom, Cement, and Healthcare sectors. Prior to joining InCred Capital, he was part of the senior leadership team at MAPE Advisory Group for over a decade and has previously worked with Lazard, Ambit Capital, and Macquarie Capital.

His deal experience includes advising Veranda Learning on multiple acquisitions and its IPO, Emami on its bid for Paras Pharma, HeidelbergCement on the acquisitions of Mysore Cement and Indo Rama Cement, Italcementi on the acquisition of Sri Vishnu Cement along with an open offer, Bharti Airtel on the acquisitions of Hexacom India and the Spice Calcutta circle, as well as the sale of NLD rights to VSNL, Advent on its bid for Lafarge India.

He has also advised Jagdale Industries on the sale of its electrolyte drinks brand to Johnson & Johnson, promoters of Orissa Sponge on stake sales to Bhushan Steel and Monnet Ispat and on takeover defence, Fortis Healthcare on takeover defence and the sale of a minority stake to Khazanah, ICI India on the sale of its Nitrocellulose business to Actis and its rubber chemicals business, Jai Balaji Industries on the sale of its DI pipe unit and on QIP fund raising, Orbit Corporation and Ansal APIL on QIP-led equity fund raises, Walton Street Capital on raising a USD 500 million India-focused real estate fund, and on acquisition debt funding for the purchase of the RL Fine Chem API business.

Ashish Ambwani

Managing Director – Consumer

Ashish Ambwani has two decades of investment banking experience with a focus on cross-border M&A and Private Equity, and deep sector expertise across Consumption &Retail, Industrials and Digital businesses. He previously served as Director at Lazard for over 12 years and began his career at KPMG.

He has worked on numerous transactions including Osam Dairy’s sale to Dodla Dairy, Livpure’s capital raise from M&G Investments, QIMA’s acquisition of EFRAC Limited, Raymond Consumer Care’s FMCG sale to Godrej Consumer, IPO of Ethos Limited, Manohar Packaging’s sale to Parksons Packaging, MM Polytech’s sale to Huhtamaki, YY Inc.’s acquisition of Bigo, Kama Ayurveda’s fund raise and sale to Puig, Magnet360’s sale to Mindtree, Danone’s acquisition of Wockhardt nutrition assets, UCB’s sale of Indian brands to Dr Reddy’s, Sabero Organics’ sale to Coromandel, International Paper on its acquisition of AP Paper, Avantor on its acquisition of RFCL.

He holds an MBA from IIM Lucknow and a has a degree in Electrical & Electronics Engineering from NIT Trichy.

Jacob Mathew

Managing Director - Investment Banking

Jacob Mathew brings over 25 years of experience in investment banking, private equity, and fundraising. He co-founded MAPE Advisory, a boutique investment bank focused on mid-market companies. Prior to MAPE, he was a Vice President (M&A) at Merrill Lynch India and played a key role in setting up the corporate finance practice at PwC India.

He has worked and led numerous transactions including the acquisition of Coats Viyella’s garment business by the AV Birla Group, the sale of Burnol and Coldarin brands, Dr Reddy’s buyout of American Remedies, and the sale of Diamond Dychem to Ciba AG. At MAPE, he led transactions across technology, telecommunications, consumer, healthcare, and retail sectors. His key clients include Coffee Day Enterprises, Strides, Igarashi Motors, J&J India, and Jyothi Labs.

He holds a PGDM from IIM Calcutta and is a Civil Engineer.

M Ramprasad

Managing Director – Investment Banking

M Ramprasad has over 25 years of experience across investment banking, private equity, and fundraising. He co-founded MAPE Advisory, a boutique Indian investment bank focused on mid-market companies, which later merged with the Investment banking team at InCred in 2020. Prior to MAPE, he was a Senior Vice President at Merrill Lynch India, leading South India operations.

He has led marquee transactions for leading business groups including Tata Group, DuPont, ICICI Bank, Dr Reddy’s, and Sify, and at MAPE advised on landmark deals across manufacturing, infrastructure, and financial services. His key clients include Murugappa Group, ELGi Equipments, Curatio, Jyothi Labs, Karvy Financial Group, Star Health, and CRH Group.

He holds a PGDM from BIM Trichy and a degree in Chemistry.

Sanjay Singh

Head of Investment Banking – InCred Capital

Sanjay Singh is the Head of Investment Banking at InCred Capital, where he leads coverage across both advisory and equity capital markets. He brings over 20 years of experience across investment banking, strategy, and operations, with deep expertise in the pharmaceuticals and healthcare sectors.

Prior to joining InCred, he held leadership roles at BDA Partners as Head of India and Co-Head of Healthcare Asia, and at KPMG as Partner and Head of Life Sciences in India. He has also worked with Dr. Reddy’s Laboratories and Glenmark Pharmaceuticals.

His transaction experience includes advising Chemfield Cellulose on its divestment to Oji Holdings, Archimica S.p.A. on its acquisition by PI Industries, Synokem Pharmaceuticals on growth investment from TA Associates, Isagro SpA on the divestment of Isagro Asia Agrochemicals to PI Industries, SMT on its equity raise from Morgan Stanley Private Equity, Astec LifeSciences on the sale of equity to Godrej Agrovet and Nihon Nohyaku on its acquisition of Hyderabad Chemical Limited amongst others.

Sanjay holds an MBA from IIM Bangalore and a B Tech from IIT BHU.