MUMBAI, 9 DECEMBER 2025: InCred Capital (InCred Capital Financial Services Limited), the institutional arm of InCred Group, has announced the appointment of Sanjay Singh as the Head of Investment Banking. He will lead coverage across both Advisory and Capital Markets.
Sanjay brings over 20 years of experience across Investment Banking, Corporate Finance, M&A, Deal Structuring and Private Equity. He worked for 13+ years at KPMG India as Partner – Deal Advisory & Head of their Life Sciences practice. Most recently, he served as Partner & India Head at BDA Partners, and Co-Head for Healthcare in Asia.
Over the years, he has executed several marquee M&A and PE transactions and has built deep, trusted relationships across corporates and private equity clients.
Commenting on the appointment, Bhupinder Singh, Founder – InCred, shared, “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 marquee transactions such as the ₹3,690 Cr rights issue for Indiabulls Housing Finance, the ₹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 advised on 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. The team also drove strategic moves like the ₹682 Cr M&A advisory 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 the exclusive financial advisor to Beroe, the global leader in procurement decision intelligence, on its INR 300 Cr (US$34 million) primary fundraise, cementing its role as a trusted partner to both high-growth scale-ups and global leaders in capital formation.
