Our Team

InCred Group

Bhupinder Singh

Founder, Group CEO - InCred

Bhupinder Singh founded InCred Group in 2016, with InCred Finance starting in March 2016, InCred Capital- Wholesale Banking starting in September 2018, InCred Wealth starting in December 2019, and InCred AMC starting in September 2020.

Prior to InCred, he worked at Deutsche Bank for 16 years in various capacities in London and Singapore.

Most recently, he co-headed the Corporate Banking and Securities (‘CB&S’) of Deutsche Bank for the Asia Pacific region, based out of Singapore. In this capacity, he managed Deutsche Bank’s Fixed Income, Equities and Investment Banking divisions and was a member of the global CB&S executive committee.

He was also the Head of Corporate Finance division for Deutsche Bank in the Asia Pacific region managing the bank’s corporate coverage, investment banking, capital markets, advisory and treasury solutions businesses.

Equity Capital Markets

Prateek Indwar

Head of Capital Markets

Prateek Indwar has a 30+ year track record in building, reshaping and leading Financial Services businesses in India and overseas.

Prateek holds an MBA from IIM Calcutta and a Bachelor’s degree in Chemical Engineering from IIT Kanpur.

He has held leadership roles in India and London across Investment Banking, Equity Capital Markets, Corporate Banking and Debt Capital Markets at leading global and Indian financial institutions such as Bank of America, GE, ICICI, IDFC, SBICAPS and IndusInd Bank.

He has formed close partnerships with Promoters, CXOs of issuers, and Institutional Investors and PE investors in leading them through Private Equity, Pre-IPO Equity Advisory, IPO and follow-on issuances through market cycles. This has also included deep engagement with SEBI, exchanges and regulators.

Deal roster ranges from lead-managing some of India’s largest and marquee capital market issues for corporates and banks – including a complex confidence capital raise for large banks – to mid/small cap issuers owned by PE investors, and further advising Government of India / MOF on several strategic issuances including the LIC IPO.

During his stint at SBICAPS, he led the formation of a transformational JV between SBI Group and Investec (UK) that led to both the groups significantly growing their Equities business. He also catalyzed inorganic growth initiatives in the AIF / private equity asset management business and other select JVs.

Hitesh Mandot

Managing Director, Corporate Finance

Hitesh has 23+ years experience in handling numerous capital market & advisory transactions. He has deep experience in handling left lead & critical transactions with regulatory challenges.

Prior to joining InCred, he was the Co-head of ECM Execution at ICICI Securities, and has also worked with Edelweiss, Axis Capital, Enam Securities in the past.

He has led some of the largest and first-of-its-kind fund raising and corporate restructuring transactions

first QIP of IDBI Bank, first defence PSU (Hindustan Aeronautics}, first communication equipment company (Tejas Networks), first SFB & professionally managed (Equitas), first power exchange (IEX), largest manpower employment company (Quess), first fund of funds (Future Ventures), first hydro power PSU (NHPC) and first power trading company (PTC India)
Other marquee transactions include Bharti, Lodha Developers, L&T Technology, IRCTC, Shriram Properties, Wilmar (Renuka), NH Hospitals, RBL, Adani Transmission, Arvind, Future Retail, Westlife (McDonald’s), PVR, Reliance Media Works, HUDCO, Oberoi Constructions, JK Investo, Parry Agro, FCH, Brigade & Sun Pharma

Hitesh is a Chartered Accountant and holds a Master’s degree in Accounting and Finance.

Debt Trading and Capital Markets

Manish Verma

Managing Director, Debt Trading and Capital Markets

Manish has 30+ years of experience in Indian Debt Markets. He co-built the Wholesale Debt Market practice at Trust Capital Services and was responsible for overseeing the proprietary book, PF sourcing, placement of primary CP and bonds (PSU & Pvt), secondary market, risk management, and credit underwriting.

Rano Verma

Managing Director, Debt Trading and Capital Markets

Rano has 25+ years of experience in Indian Debt Markets. She built the Wholesale Debt Market practice at Trust Capital Services, with a market leadership enjoying ~25% market share. She was responsible for developing a niche for the Trust Group in the high growth credit space.

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THE RIGHTS ENTITLEMENTS AND THE RIGHTS EQUITY SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S SECURITIES ACT”) AND APPLICABLE STATE SECURITIES LAWS. ACCORDINGLY, THE RIGHTS ENTITLEMENTS (INCLUDING THEIR CREDIT) AND THE RIGHTS EQUITY SHARES ARE ONLY BEING OFFERED AND SOLD OUTSIDE THE UNITED STATES IN “OFFSHORE TRANSACTIONS” AS DEFINED IN AND IN RELIANCE ON REGULATION S UNDER THE U.S. SECURITIES ACT TO ELIGIBLE EQUITY SHAREHOLDERS LOCATED IN JURISDICTIONS WHERE SUCH OFFER AND SALE IS PERMITTED UNDER THE LAWS OF SUCH JURISDICTIONS. THE OFFERING TO WHICH THIS LETTER OF OFFER RELATES IS NOT, AND UNDER NO CIRCUMSTANCES IS TO BE CONSTRUED AS, AN OFFERING OF ANY RIGHTS ENTITLEMENTS OR RIGHTS EQUITY SHARES FOR SALE IN THE UNITED STATES OR AS A SOLICITATION THEREIN OF AN OFFER TO BUY ANY OF THE SAID SECURITIES. ACCORDINGLY, YOU SHOULD NOT FORWARD OR TRANSMIT THIS LETTER OF OFFER INTO THE UNITED STATES AT ANY TIME.

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NONE OF THE COMPANY, NUVAMA WEALTH MANAGEMENT LIMITED (FORMERLY KNOWN AS EDELWEISS SECURITIES LIMITED) AND INCRED CAPITAL WEALTH PORTFOLIO MANAGERS PRIVATE LIMITED (THE “LEAD MANAGERS”) AND ANY OF THEIR RESPECTIVE AFFILIATES, ACCEPTS ANY LIABILITY WHATSOEVER, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE USE OF THE INFORMATION CONTAINED ON THIS WEBSITE. ACCESS TO THIS WEBSITE DOES NOT CONSTITUTE A RECOMMENDATION BY THE COMPANY, THE LEAD MANAGERS, ANY OF THEIR RESPECTIVE AFFILIATES OR ANY OTHER PARTY TO SUBSCRIBE TO OR BUY OR SELL THE RIGHTS EQUITY SHARES. MAKING PRESS ANNOUNCEMENTS AND OTHER DOCUMENTS AVAILABLE IN ELECTRONIC FORMAT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN THE COMPANY.

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