InCred launches 'InCred Black' to target India's ultra-high-net-worth clients

# What happened

InCred Capital has launched InCred Black, a specialised proposition aimed at India's ultra‑high‑net‑worth individuals (UHNI), entrepreneurs and business families. The initiative names Alok Agrawal, Harmeet Sahney and Zarksis Gotla as Co‑Founders of the new business unit. They join an existing Wealth franchise that InCred says has surpassed ₹1 lakh crore in assets under management.

# Why this matters

InCred Black packages highly personalised wealth management services and access to a broad set of capabilities across public and private markets, alternatives, asset allocation, credit and liquidity solutions, and global investing. The move signals an effort to offer a sharper, more specialised service for the most sophisticated clients while leveraging InCred's broader investment and advisory resources.

# Who the new leaders are

Agrawal, Sahney and Gotla are credited with building the wealth business at Avendus over the last 15 years. The three bring collective experience across major global and domestic banks and advisory firms, including Kotak, Barclays and Credit Suisse. Their role at InCred Black will include shaping the proposition, deepening client relationships, and expanding the specialist team as the business scales.

# How InCred positions the launch

InCred frames InCred Black as an extension of its existing Wealth platform rather than a standalone experiment. Company statements describe the new unit as adding a sharper proposition and differentiated access for UHNI clients, while also providing talent and capabilities that will strengthen services available to the broader Wealth client base.

# What capabilities are on offer

The announcement lists specific capability areas that InCred Black will bring together:

• Asset allocation and personalised portfolio construction
• Alternatives and private market access
• Public market investing
• Credit and liquidity solutions tailored for UHNI needs
• Global investment access backed by InCred Group resources

These capabilities are presented as integrated, with the expectation that senior talent and bespoke relationships will support execution and client servicing.

# Leadership comments

Bhupinder Singh, Founder & Group CEO of InCred, said the Wealth franchise has deep client relationships and scale, and that InCred Black will raise the bar by delivering a sharper proposition and differentiated access to sophisticated clients. Nitin Rao, CEO of InCred Wealth, said InCred Black will add depth and specialisation that benefits UHNI relationships and the broader platform.

# What to watch next

InCred Black plans to add senior bankers and specialists as it grows. The stated ambition is to position InCred as a first point of contact for India's leading UHNI families. Key indicators to follow will include senior hires beyond the three co‑founders, product launches for private market and credit solutions, and any measurable shifts in UHNI client flows or AUM attributable specifically to InCred Black.

# Bottom line

InCred Black formalises a high‑touch UHNI strategy within an already scaled wealth platform. The combination of senior hires with prior UHNI track records and InCred's institutional backing aims to deliver specialised access and customised solutions for very wealthy clients while supporting the broader Wealth franchise.