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Finsamudra Desk

InCred Capital Launches ‘InCred Black’ for UHNI Segment as Wealth Franchise Crosses ₹1 Lakh Crore AUM

In private wealth, capital naturally flows to platforms where proprietary deal access meets institutional risk governance. By combining investment banking deal flow, non-bank lending rails, and veteran wealth leadership, InCred is assembling a full-stack wealth fortress for India's wealthiest promoters.

Startups2 min read

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₹1 Lakh Crore AUMUHNI SEGMENT

Executive Summary

Diversified financial services group InCred Capital has launched InCred Black, a dedicated multi-family office and wealth management platform built specifically for Ultra-High-Net-Worth Individuals (UHNIs), unicorn founders, and business family offices.

The rollout coincides with InCred’s wealth management franchise officially surpassing ₹1 lakh crore (~$12 billion+) in Assets Under Management (AUM).

To anchor the new vertical, InCred has appointed Alok Agrawal, Harmeet Sahney, and Zarksis Gotla as Co-Founders of InCred Black. The veteran trio previously spent over 15 years building and leading Avendus Wealth Management and brings more than 80 years of collective experience across institutions including Kotak Mahindra Bank, Barclays, and Credit Suisse.

Leadership Profiles & Strategic Mandate

  • Alok Agrawal, Harmeet Sahney, and Zarksis Gotla (Co-Founders, InCred Black):
    • Built Avendus Wealth Management from its early stages into a multi-billion-dollar private wealth powerhouse.
    • Deep institutional expertise across private credit structuring, promoter equity financing, and global family office governance.
  • Mandate at InCred Black: Designing an unbundled, open-architecture advisory model that moves beyond traditional distributor commissions to deliver bespoke, direct-access capital market solutions for India's top 1% wealth creators.

Platform Scope & Capabilities of InCred Black

InCred Black has been structured to address the complex balance-sheet requirements of modern promoters and tech entrepreneurs:

  • Private Markets & Venture Allocations: Direct participation in pre-IPO placements, secondary block transactions, and curated late-stage private equity rounds.
  • Alternative Investment Funds (AIFs) & Private Debt: Unlocked access to structured credit funds, real estate yield platforms, and specialized venture debt funds.
  • Promoter Liquidity & Capital Solutions: Providing Loans Against Shares (LAS), mezzanine financing, and customized bridge facilities to help entrepreneurs unlock personal liquidity without diluting controlling equity.
  • Global Asset Allocation & Succession Planning: Comprehensive cross-border family office advisory, estate planning, trust structuring, and international multi-asset portfolios.

Strategic Synergies Across the InCred Ecosystem

The creation of InCred Black leverages the broader balance sheet and deal origination capabilities of the InCred Group:

  • Integrated Deal Flow: Connecting UHNI capital directly to InCred Capital’s institutional investment banking, equity capital markets (ECM), and M&A advisory pipelines.
  • Balance-Sheet Backing: Utilizing InCred Financial Services' non-banking financial company (NBFC) lending infrastructure to structure customized promoter credit lines with speed and regulatory compliance.
  • Scale Advantage: Managing over ₹1 lakh crore in assets provides the institutional scale required to negotiate proprietary co-investment opportunities and favorable fee structures with global fund managers.


Why it matters

Indian UHNI & Wealth Management Outlook

India’s wealth management industry is experiencing an unprecedented surge in liquidity, driven by robust domestic public listings, private equity secondaries, and intergenerational wealth transfers.

As entrepreneurs outgrow traditional retail banking products, the demand for sophisticated alternative investments and bespoke liquidity architecture is rapidly expanding. With the launch of InCred Black, InCred Capital is positioning itself at the center of this transformation, combining veteran private banking leadership with full-stack institutional capabilities to capture India's expanding UHNI market in FY27.

Sources

Finsamudra Desk26 Aug 2026, 1:12 pm IST
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