Incred Holdings Limited

₹160.00

0.00% 03 Mar 2026

Listing Status: Active

incred.com

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•••

Key Metrics of InCred

Market Cap10269.08 Cr.
Total Equity Funding$320M in 13 rounds
Latest Funding Round$47M, Conventional Debt Jul 04, 2025
Post Money Valuation$1.04B as on Dec 25, 2023
Annual Revenue₹1,883 Cr
EBITDA₹1,147 Cr
EBITDA Margin60.95%
Net Profit₹374 Cr
Net Profit Margin19.87%

About the Company

Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its...

Price on BSE Volume

Funding Rounds

Total Rounds: 13 Incred

S.No.	Date	Round Name	Amount	TTM Revenue	Investors & Facilitators
1.	Jul 4, 2025	Conventional Debt	$46.8M	-	Inst: Morgan Stanley, Nippon
2.	Mar 13, 2025	Conventional Debt	$30M	-	Inst: Neo, Mas Financial Services
3.	Nov 9, 2023	Series D	$60.1M	-	Inst: VCAPL, Nabs Vriddhii, InCred Capital, Sattva Ventures, InCred Wealth, Manipal Group, Incred Asset Management Angel: Ravi, Ram, Ranjan
4.	Feb 10, 2022	Angel	$548.0K	-	-
5.	Mar 24, 2021	Angel	$223.1K	-	-
6.	Sep 7, 2020	Angel	$2.1M	-	-
7.	Jul 20, 2020	Conventional Debt	$66.8M	-	Inst: Bank of India, Central Bank of India, Phoenix Chemical, Orient Packagings, Union Bank of India Angel: Simi, Govinder, Jeroo, Karishma, Rajendrasingh, Sejal, Shantanu, Napa, Avinash, Napa, Akhilesh, Akshat, Arjun, Ashutosh, Bynasans, Kuldeepak, Madhuchhanda, Nitin, Pramod, Sanjay, Sripadraj, V
8.	Dec 17, 2019	Conventional Debt	$5.9M	-	Inst: Centrum
9.	Oct 15, 2019	Conventional Debt	$2.1M	-	Inst: Fairmount Healthcare Llp Angel: Aditya, Saumya
10.	Apr 26, 2019	Series A	$85.6M	-	Inst: FMO, Vistra ITCL, Elevar Equity, Moore Ventures, OAKS, Alpha Capital, V Ocean Investments
11.	Nov 21, 2018	Series A	$41.9M	-	Inst: Paragon Partners
12.	Nov 30, 2017	Series A	$99.3M	-	Inst: KKR
13.	Mar 23, 2017	Series A	$30.7M	-	Inst: Paragon Partners, Ingenious Seas Venture, UBR Capital, 72 Degrees, Dalmia Bharat, Innovative Quest, Echjay Industries, Pink Ginger Arts LLP, Save Power, Earnest John & Company, Neevya Solar, Protos Engineering, Sanpower Solar, Bona Terra Greenhouse Llp, IDFC Angel: Bhupinder

Financial Statements

Revenue - INR (Cr)

Net Profit/Loss - INR (Cr)

Select a year from the tabs

FY 24-25

FY 23-24

FY 22-23

FY 21-22

FY 20-21

FY 19-20

FY 18-19

FY 17-18

FY 16-17

FY 15-16

FY 14-15

FY 13-14

Detailed Income Statement

FY 24-25 (in Cr)

1,882.6

1,381.1

Employee benefit Expense

336.8

Impairment on financial instruments

187.8

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

627.6

Depreciation and Amortisation expense

18.3

Other expenses

210.7

Profit before exceptional and extraordinary items and tax

501.5

Exceptional items

Profit before extraordinary items and tax

501.5

Profit before tax

501.5

127.5

Profit (Loss) for the period from continuing Operations

374.0

Profit/ (Loss)

374.0

EPS - Basic

EPS - Diluted

Detailed Balance Sheet

FY 24-25 (in Cr)

12,413.8

3,721.8

Share application money pending allotment

8,692.0

21.4

8,670.6

12,413.8

444.2

59.3

Goodwill

66.5

Non-current Investments

Deferred tax assets (net)

257.8

Long term loans and advances

Other non-current assets

60.7

11,969.6

Detailed Cash Flow Statement	FY 24-25 (in Cr)

Detailed Income Statement

FY 23-24 (in Cr)

1,293.1

871.4

Employee benefit Expense

261.4

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

37.7

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

454.8

Depreciation and Amortisation expense

18.7

Other expenses

98.8

Profit before exceptional and extraordinary items and tax

421.7

Exceptional items

2.1

Profit before extraordinary items and tax

419.6

Profit before tax

419.6

103.3

Profit (Loss) for the period from continuing Operations

316.4

Profit/ (Loss)

316.4

EPS - Basic

EPS - Diluted

Detailed Balance Sheet

FY 23-24 (in Cr)

8,678.4

3,324.8

Share application money pending allotment

5,353.6

71.6

5,282.0

8,678.4

535.5

57.6

Goodwill

66.5

Non-current Investments

Deferred tax assets (net)

376.1

Long term loans and advances

Other non-current assets

35.3

8,142.8

Detailed Cash Flow Statement	FY 23-24 (in Cr)

Detailed Income Statement

FY 22-23 (in Cr)

889.4

645.5

Employee benefit Expense

191.7

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

0.3

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

355.8

Depreciation and Amortisation expense

12.8

Other expenses

84.9

Profit before exceptional and extraordinary items and tax

243.9

Exceptional items

40.8

Profit before extraordinary items and tax

203.2

Profit before tax

203.2

82.2

Profit (Loss) for the period from continuing Operations

120.9

Profit/ (Loss)

120.9

EPS - Basic

EPS - Diluted

Detailed Balance Sheet

FY 22-23 (in Cr)

6,608.4

2,486.6

Share application money pending allotment

4,121.8

45.5

4,076.2

6,608.4

618.1

51.9

Goodwill

67.8

Non-current Investments

Deferred tax assets (net)

471.4

Long term loans and advances

Other non-current assets

27.1

5,990.3

Detailed Cash Flow Statement	FY 22-23 (in Cr)

Detailed Income Statement

FY 21-22 (in Cr)

524.3

478.2

Profit before share of loss of Associates

46.1

Share of loss of associates

Profit/(Loss) before exceptional items and tax

46.1

Exceptional items

4.2

Profit/(Loss) before tax

41.9

11.0

Profit/(Loss) for the year

30.8

Detailed Balance Sheet

FY 21-22 (in Cr)

4,034.6

1,115.2

Share application money pending allotment

19.7

2,899.7

4,034.6

95.8

3,938.9

Detailed Cash Flow Statement	FY 21-22 (in Cr)

Detailed Income Statement

FY 20-21 (in Cr)

392.5

385.5

Employee benefit Expense

94.5

Impairment on financial instruments

88.7

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

152.8

Depreciation and Amortisation expense

10.2

Other expenses

39.4

Profit before exceptional and extraordinary items and tax

7.0

Exceptional items

3.5

Profit before extraordinary items and tax

3.5

Profit before tax

3.5

1.4

Profit (Loss) for the period from continuing Operations

2.2

Profit/ (Loss)

2.2

EPS - Basic

EPS - Diluted

Detailed Balance Sheet

FY 20-21 (in Cr)

2,804.5

1,054.0

Share application money pending allotment

1,750.5

39.1

1,711.4

2,804.5

80.0

40.0

Goodwill

6.5

Non-current Investments

Deferred tax assets (net)

18.6

Long term loans and advances

Other non-current assets

14.8

2,724.6

Detailed Cash Flow Statement	FY 20-21 (in Cr)

Detailed Income Statement

FY 19-20 (in Cr)

332.7

320.6

Employee benefit Expense

91.7

Impairment on financial instruments

56.3

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

116.1

Depreciation and Amortisation expense

11.6

Other expenses

44.9

Profit before exceptional and extraordinary items and tax

12.1

Exceptional items

4.9

Profit before extraordinary items and tax

7.1

Profit before tax

7.1

2.0

Profit (Loss) for the period from continuing Operations

5.2

Profit/ (Loss)

5.2

EPS - Basic

EPS - Diluted

Detailed Balance Sheet

FY 19-20 (in Cr)

2,232.1

1,040.5

Share application money pending allotment

1,191.6

33.3

1,158.3

2,232.1

65.3

35.8

Goodwill

6.5

Non-current Investments

Deferred tax assets (net)

11.2

Long term loans and advances

Other non-current assets

11.8

2,166.8

Detailed Cash Flow Statement	FY 19-20 (in Cr)

Detailed Income Statement

FY 18-19 (in Cr)

327.2

319.0

Employee benefit Expense

86.4

Impairment on financial instruments

36.6

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

0.1

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

140.8

Depreciation and Amortisation expense

2.8

Other expenses

52.3

Profit before exceptional and extraordinary items and tax

8.3

Exceptional items

33.2

Profit before extraordinary items and tax

41.4

Profit before tax

41.4

13.7

Profit (Loss) for the period from continuing Operations

27.7

Profit/ (Loss)

27.7

EPS - Basic

EPS - Diluted

Detailed Balance Sheet

FY 18-19 (in Cr)

1,918.4

618.5

Share application money pending allotment

1,299.9

33.4

1,266.5

1,918.4

41.5

17.5

Goodwill

6.5

Non-current Investments

Deferred tax assets (net)

9.2

Long term loans and advances

Other non-current assets

8.2

1,876.9

Detailed Cash Flow Statement	FY 18-19 (in Cr)

Detailed Income Statement

FY 17-18 (in Cr)

132.4

116.8

Employee benefit Expense

43.9

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

22.3

Depreciation and Amortisation expense

0.7

Other expenses

49.8

Profit before exceptional and extraordinary items and tax

15.7

Exceptional items

Profit before extraordinary items and tax

15.7

Profit before tax

15.7

6.3

Profit (Loss) for the period from continuing Operations

9.4

Profit/ (Loss)

9.4

EPS - Basic

0.0

EPS - Diluted

0.0

Detailed Balance Sheet

FY 17-18 (in Cr)

1,540.6

538.1

Share application money pending allotment

1,002.5

541.2

461.2

1,540.6

1,137.0

17.7

Goodwill

Non-current Investments

2.0

Deferred tax assets (net)

2.2

Long term loans and advances

1,114.8

Other non-current assets

0.3

403.6

Detailed Cash Flow Statement	FY 17-18 (in Cr)

Detailed Income Statement

FY 16-17 (in Cr)

2.4

7.6

Employee benefit Expense

3.4

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

Payment to Auditors

Insurance expenses

Power and fuel

Finance cost

0.0

Depreciation and Amortisation expense

0.1

Other expenses

4.1

Profit before exceptional and extraordinary items and tax

(5.2)

Exceptional items

Profit before extraordinary items and tax

(5.2)

Profit before tax

(5.2)

0.2

Profit (Loss) for the period from continuing Operations

(5.3)

Profit/ (Loss)

(5.3)

EPS - Basic

(0.0)

EPS - Diluted

(0.0)

Detailed Balance Sheet

FY 16-17 (in Cr)

561.7

520.3

Share application money pending allotment

0.6

40.8

37.5

3.3

561.7

90.9

6.2

Goodwill

Non-current Investments

Deferred tax assets (net)

0.0

Long term loans and advances

84.7

Other non-current assets

470.8

Detailed Cash Flow Statement	FY 16-17 (in Cr)

Detailed Income Statement

FY 15-16 (in Cr)

380.0

177.2

Employee benefit Expense

10.1

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

3.0

Payment to Auditors

0.3

Insurance expenses

1.3

Power and fuel

0.1

Finance cost

82.8

Depreciation and Amortisation expense

0.8

Other expenses

78.9

Profit before exceptional and extraordinary items and tax

202.8

Exceptional items

Profit before extraordinary items and tax

202.8

Profit before tax

202.8

70.0

Profit (Loss) for the period from continuing Operations

132.8

Profit/ (Loss)

132.8

EPS - Basic

0.0

EPS - Diluted

0.0

Detailed Balance Sheet

FY 15-16 (in Cr)

2,712.9

1,436.7

Share application money pending allotment

1,276.2

1,265.7

10.5

2,712.9

1,919.2

2.4

Goodwill

Non-current Investments

307.9

Deferred tax assets (net)

4.0

Long term loans and advances

1,476.3

Other non-current assets

128.6

793.7

Detailed Cash Flow Statement	FY 15-16 (in Cr)

Detailed Income Statement

FY 14-15 (in Cr)

227.9

64.0

Employee benefit Expense

10.7

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

2.4

Payment to Auditors

0.6

Insurance expenses

0.6

Power and fuel

0.1

Finance cost

6.1

Depreciation and Amortisation expense

0.3

Other expenses

43.3

Profit before exceptional and extraordinary items and tax

163.9

Exceptional items

Profit before extraordinary items and tax

163.9

Profit before tax

163.9

56.2

Profit (Loss) for the period from continuing Operations

107.8

Profit/ (Loss)

107.8

EPS - Basic

0.0

EPS - Diluted

0.0

Detailed Balance Sheet

FY 14-15 (in Cr)

1,647.3

1,303.9

Share application money pending allotment

343.4

334.7

8.7

1,647.3

1,306.1

2.2

Goodwill

Non-current Investments

266.9

Deferred tax assets (net)

11.5

Long term loans and advances

967.4

Other non-current assets

58.1

341.2

Detailed Cash Flow Statement	FY 14-15 (in Cr)

Detailed Income Statement

FY 13-14 (in Cr)

92.5

32.9

Employee benefit Expense

6.2

Impairment on financial instruments

Net loss on derecognition of financial instruments under amortised cost category

Net loss on fair value changes

Managerial remuneration

9.0

Payment to Auditors

0.2

Insurance expenses

Power and fuel

0.0

Finance cost

Depreciation and Amortisation expense

0.7

Other expenses

16.8

Profit before exceptional and extraordinary items and tax

59.7

Exceptional items

Profit before extraordinary items and tax

59.7

Profit before tax

59.7

20.5

Profit (Loss) for the period from continuing Operations

39.2

Profit/ (Loss)

39.2

EPS - Basic

0.0

EPS - Diluted

0.0

Detailed Balance Sheet

FY 13-14 (in Cr)

917.2

905.2

Share application money pending allotment

12.0

6.6

5.4

917.2

669.1

0.4

Goodwill

Non-current Investments

131.5

Deferred tax assets (net)

2.8

Long term loans and advances

514.7

Other non-current assets

19.7

248.1

Detailed Cash Flow Statement	FY 13-14 (in Cr)

Shareholding Pattern

As of Mar 31, 2024 • Incred

Total Shares 405.18M

Top Shareholders

Shareholder	Category	Shares (Mn)	% Holding
InCred	Parent Entity	230.37M	56.86%
Other Investors	Other Investors	48.83M	12.05%
InCred Capital	Parent Entity	41.19M	10.17%
ESOP Pool Available	ESOP Pool	17.16M	4.23%
Moore Strategic Ventures LLC	Fund	12.68M	3.13%

#	Shareholder	Category	Shares (Mn)	% Holding
1	InCred	Parent Entity	230.37M	56.86%
2	Other Investors	Other Investors	48.83M	12.05%
3	InCred Capital	Parent Entity	41.19M	10.17%
4	ESOP Pool Available	ESOP Pool	17.16M	4.23%
5	Moore Strategic Ventures LLC	Fund	12.68M	3.13%
6	IDFC Private Equity Fund IV	Fund	12.44M	3.07%
7	Mridu Dalmia	Other People	9.63M	2.38%
8	V Ocean Investment Limited	Fund	8.53M	2.10%
9	Hemanichemiorganic	Enterprise	5.10M	1.26%
10	Bhupinder Singh	Founder	2.52M	0.62%
11	Vivek Bansal	Other People	2.25M	0.56%
12	Elara India Opportunities Fund Ltd	Fund	2.08M	0.51%
13	Arihant Patni	Other People	1.92M	0.47%
14	InCred Wealth	Parent Entity	1.85M	0.46%
15	Moksh Finvest and Advisors Llp	Enterprise	1.35M	0.33%
16	DS Group	Enterprise	1.27M	0.31%
17	Apoorva Ashokkumar Patni	Other People	0.96M	0.24%
18	Radhakrishna Ramnarain	Enterprise	0.89M	0.22%
19	Barclays Wealth Trustees (India) Private Limited	Fund	0.75M	0.19%
20	Yukti Securities Pvt Ltd	Fund	0.55M	0.13%
21	Rahul Dravid	Other People	0.50M	0.12%
22	MP Automotors	Enterprise	0.25M	0.06%
23	Chillakuruinvestments	Enterprise	0.18M	0.04%
24	Ganatra Investment	Enterprise	0.18M	0.04%
25	Rashifincorp	Enterprise	0.18M	0.04%
26	MARS Telecom	Enterprise	0.15M	0.04%
27	Powertecindia	Enterprise	0.13M	0.03%
28	Rishichem Distributors	Enterprise	0.12M	0.03%
29	Bhoruka Finance Corporation Of India	Enterprise	0.12M	0.03%
30	Pleasant Valley Development	Enterprise	0.12M	0.03%
31	RNBCS	Enterprise	0.11M	0.03%
32	T Sawhney	Enterprise	0.11M	0.03%
33	Ak Shares	Enterprise	0.10M	0.02%
34	Pranjal Corporate Services	Enterprise	0.10M	0.02%
35	Ajay Prabhu	Other People	0.09M	0.02%
36	Associated Group	Enterprise	0.06M	0.02%
37	Fine Fragrances	Enterprise	0.06M	0.02%
38	Transerve	Enterprise	0.06M	0.01%
39	Mangsidesh Investments	Enterprise	0.05M	0.01%
40	Accumen	Enterprise	0.05M	0.01%
41	Anil Gupta	Other People	0.03M	0.01%
42	Kailash Nath Finance And Investments	Enterprise	0.03M	0.01%
43	Ashish Haresh Jagtiani	Other People	0.02M	0.00%
44	Ganesh Divekar	Other People	0.02M	0.00%
45	Riyasp Mistry	Other People	0.01M	0.00%
46	Priyanka Pathak	Other People	0.01M	0.00%
47	Rishabh Goyal	Other People	0.01M	0.00%
48	Vishal Bisaria	Other People	0.00M	0.00%
49	Piyush Kumar	Other People	0.00M	0.00%
50	Manish Nagpal	Other People	0.00M	0.00%
51	Prince Jain	Other People	0.00M	0.00%
	Total		405.18M	100%