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. In his new role, he will oversee coverage across Advisory and Capital Markets.
Singh brings more than two decades 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 the Life Sciences practice, and most recently served as Partner & India Head at BDA Partners, where he was also Co-Head for Healthcare in Asia.
Over the course of his career, Singh has worked on several high-profile M&A and private equity transactions, establishing relationships with corporate and private equity clients.
Commenting on the appointment, Bhupinder Singh, Founder – 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 advised on transactions including the ₹3,690 crore rights issue for Indiabulls Housing Finance, the ₹2,825 crore sale of Raymond’s consumer business to Godrej Consumer Products, and the ₹1,270 crore preferential issue for U GRO. In the new-age ecosystem, the firm advised on the ₹1,000 crore pre-IPO secondary stake sale of Swiggy, the ₹613 crore capital raise for OYO, and the ₹490 crore pre-IPO round for Ethos Watches. Other deals include the ₹682 crore M&A advisory for Raymond Group, the ₹470 crore acquisition of OSAM Dairy by Dodla Dairy, and the ₹230 crore capital raise for Livpure.
Most recently, InCred Capital served as exclusive financial advisor to procurement decision intelligence company Beroe on its ₹300 crore (US$34 million) primary fundraise.
