Incred Holdings Unlisted Shares

The holding company of InCred Financial Services Limited (IFSL), which operates across multiple lending segments, InCred Holdings Limited (IHL) is a prominent financial services company in India that focuses on offering easily accessible and technologically advanced financial solutions. InCred seeks to make finance easier for both individuals and businesses through advanced analytics and digital innovation.

By combining KKR India Financial Services Limited (KIFSL) with IFSL in 2023, IHL increased the scope of its financial offerings. In order to simplify its ownership structure, the combined company was renamed as InCred Financial Services Limited and became a wholly-owned subsidiary of IHL.

Pros

Strong Growth: A strong financial trajectory and successful business expansion are indicated by rapid revenue and PAT growth.

 Stable NPAs: Strong risk management and high-quality loan books are ensured by keeping NPAs at 2.1%.

 Technological Edge: Digital platforms and advanced analytics improve client satisfaction and lending efficienc

CONS

 High Borrowings: Financial leverage risks increased as debt increased from ₹2,816 Cr (2022) to ₹5,017 Cr (2024).

 Negative Other Income (2023): A loss of ₹45 Cr in 2023 indicates that non-core revenue streams may be volatile.

 Declining Cash Reserves: Liquidity was impacted when cash levels fell from ₹393 Cr (2023) to ₹168 Cr (2024).