InCred Wealth, a Mumbai-based wealth management firm, has achieved a remarkable feat in just six years since its launch. With assets under management (AUM) surpassing Rs 1 lakh crore, or over $10 billion, InCred Wealth has become a prominent player in the Indian private wealth management sector. This impressive growth is attributed to its consistent execution and a talented team, led by founder Bhupinder Singh, who brings a wealth of experience from Deutsche Bank. The firm's unicorn status in 2023 further solidifies its credibility among senior professionals and clients.
The Indian private wealth management industry is experiencing rapid expansion, with estimates from Deloitte predicting a growth of $2.3 trillion by FY29, up from $1.1 trillion in FY24. This growth has attracted numerous new platforms and increased funding activity over the past decade. InCred Wealth's success is a testament to its strategic approach, focusing on providing global-quality ideas in Indian wealth management.
Nitin Rao, CEO of InCred Wealth, emphasizes the firm's commitment to expanding access to global and private-market opportunities. With over 700 relationship managers, InCred Wealth caters to family offices, ultra-high-net-worth individuals, and emerging affluent customers. The firm's open-architecture model, supported by a structured products desk and group synergies, offers a diverse range of investment options, including private equity, credit, and market-linked debentures.
In addition to its domestic operations, InCred Wealth has established an offshore platform, InCred Global Wealth, managing over $3 billion in assets through teams based in Singapore, Dubai, and London. This global reach further enhances the firm's ability to cater to a diverse client base and provide comprehensive wealth management solutions.
