Mumbai: InCred Capital (InCred Capital Financial Services Limited), the institutional arm of InCred Group, has announced the appointment of Sanjay Singh as Head of Investment Banking. Singh will lead coverage across both Advisory and Capital Markets, further strengthening InCred Capital’s position as a trusted advisor in India’s investment banking landscape.
Sanjay brings over 20 years of experience across Investment Banking, Corporate Finance, M&A, Deal Structuring, and Private Equity. He spent over 13 years at KPMG India as Partner – Deal Advisory & Head of Life Sciences practice, and most recently served as Partner & India Head at BDA Partners, co-heading Healthcare in Asia. Over the years, he has executed several marquee M&A and PE transactions and cultivated trusted relationships with corporates and private equity clients.
Commenting on the appointment, Bhupinder Singh, Founder of InCred, said, “We are thrilled to welcome Sanjay to InCred. At a time when India’s investment banking landscape is entering a high-growth phase—driven by robust capital markets activity, accelerating corporate consolidation, and increasing global investor interest—Sanjay’s leadership positions us strongly to capture the immense opportunities ahead.”
Sanjay Singh added, “With a GDP of US$4.2 trillion and one of the fastest GDP growth rates of 8.2%, India is set to remain a compelling investment destination. Now more than ever, clients are seeking investment banks that can support their growth ambitions and complex transactions through trusted advisory and capital raises across equity, debt, and structured solutions. I’m excited to join InCred Capital at this opportune time with its breadth of offerings across M&A/PE advisory and ECM focused on delivering bespoke solutions to its clients. I look forward to scaling the investment banking operations further in India and globally.”
InCred Capital has completed over 200 transactions, closing more than US$8.5 billion across ECM, M&A, and private capital. The firm has advised on marquee deals such as the ₹3,690 Cr rights issue for Indiabulls Housing Finance, ₹2,825 Cr sale of Raymond’s consumer business to Godrej Consumer Products, and the ₹1,270 Cr preferential issue for U GRO. In the new-age ecosystem, it facilitated the ₹1,000 Cr pre-IPO secondary stake sale of Swiggy, the ₹613 Cr capital raise for OYO, and the ₹490 Cr pre-IPO for Ethos Watches. Strategic M&A advisory includes the ₹682 Cr deal for Raymond Group, the ₹470 Cr acquisition of OSAM Dairy by Dodla Dairy, and the ₹230 Cr capital raise for Livpure.
Most recently, InCred Capital acted as exclusive financial advisor to Beroe on its INR 300 Cr (US$34 million) primary fundraise, reinforcing its role as a trusted partner for high-growth scale-ups and global leaders in capital formation.
