Biography of Bhupinder Singh:Co-founder & CEO of InCred Finance Entreprenur

Biography of Bhupinder Singh: Co-founder & CEO of InCred Finance- Entrepreneur

Biography of Bhupinder Singh:Co-founder & CEO of InCred Finance Entrepreneur/Investor/Finance/Success story of Bhupinder Singh/InCred Story/Life story

Biography of Bhupinder Singh:

Bhupinder Singh, often referred to as Bhupi, is a key figure in the financial sector as the Founder and Co-Owner of InCred Finance. He also holds the position of Co-Chief Executive Officer and Board Member at the company. In addition to his role at InCred Finance, Bhupi is the Founder and Group Chief Executive Officer of InCred Capital and the visionary behind InCred Global Wealth. Bhupi's leadership extends beyond InCred, as he is also a Co-Owner of KKR India Financial Services. His vast experience and strategic insight have driven the growth of these organizations, making him a respected leader in the industry.

Education

Bhupinder Singh is the visionary behind InCred Financial Services, where he serves as the Founder and Group CEO. With a strong academic foundation from the prestigious Indian Institute of Management Ahmedabad, where he earned an MBA between 1997 and 1999, Bhupinder's journey in finance and leadership began long before he founded InCred. He also holds a Bachelor's degree in Electrical Engineering from Bhopal University, which he completed in 1996.

With nearly two decades of experience in the financial services industry, Bhupi has accumulated over seven years of expertise in managing and supervising businesses in India. His strong educational background and extensive professional experience have equipped him with the knowledge and skills needed to navigate the complexities of the financial sector.

Early Steps in the Financial World

Bhupinder's career in investment banking began with stints at DSP Merrill Lynch Limited and Jardine Fleming and Partners Limited, where he worked as an Investment Banker in 1999 and 2000. These early experiences in the financial world equipped him with the knowledge and skills that would later drive his success at Deutsche Bank and, ultimately, at InCred Financial Services.

Leadership Roles in Investment Banking

Bhupinder's journey at Deutsche Bank also included serving as the Head of Investment Banking for the Asia Pacific region from April 2012 to March 2013, and earlier, as the Head of Fixed Income & Equities Sales & Structuring for the region from November 2008 to March 2012. These roles were crucial in shaping his expertise in investment banking and laid the foundation for his future endeavors.

A Dynamic Career at Deutsche Bank

Before establishing InCred, Bhupinder had an illustrious 16-year career at Deutsche Bank, where he held several senior roles. His last position at the bank was Managing Director and Co-Head of Investment Banking & Securities for the Asia Pacific region from April 2013 to December 2015. During this time, he was responsible for overseeing the bank's fixed income, equities, and investment banking divisions, managing a massive $3 billion in revenues, and leading a team of 1,750 investment bankers and traders. His role also involved managing a client franchise that included over 2,000 corporate, high-net-worth, and institutional clients across 15 countries.

Biography of Bhupinder Singh:Co-founder & CEO of InCred Finance Entrepreneur/Investor/Finance/Success story of Bhupinder Singh/InCred Story/Life story

Biography of Bhupinder Singh:Co-founder & CEO of InCred Finance Entrepreneur /Investor/Finance/Success story of Bhupinder Singh/InCred Story/Life story

The Journey from Bhopal to Global Business Leader

Bhupi's story is one of determination and ambition, starting from his roots in the small town of Bhopal to becoming a leader in the global financial services sector. His journey took him from IIM Ahmedabad to leading multi-billion-dollar global businesses for Deutsche Bank. In 2016, Bhupi founded InCred, a financial services group that quickly became one of the fastest-growing in India. His success has been driven by a deep understanding of the financial landscape and a commitment to innovation.

Embracing Entrepreneurship

Bhupi's transition from a successful career in global banking to entrepreneurship was fueled by his recognition of the unique opportunities in the Indian financial services market. Despite the crowded landscape with established Public and Private Sector Banks, NBFCs, and Fintechs, Bhupi identified a gap that could be bridged by a financial institution combining traditional banking practices with new-age technology. In 2016, he decided to embark on his entrepreneurial journey, leaving behind the buzz of global banks to create something new and impactful.

Laying the Foundation for InCred

The early days of InCred were focused on meticulous research, talent acquisition, and fundraising. Bhupi spent the first 12-15 months laying the groundwork for the company, ensuring that it had the right team and sufficient equity funding to succeed. His dedication to the project was evident, as he invested everything he owned into the business. Bhupi's vision for InCred also attracted the attention of global and domestic investors who believed in his approach and supported the company from the start.

InCred’s Mission to Simplify Lending

In 2017, Bhupi launched InCred as a Non-Banking Financial Company (NBFC) with a strong emphasis on technology and risk management. InCred's mission was to make lending quick, hassle-free, and accessible, particularly for underserved segments of the population. By integrating cutting-edge technology with best-in-class risk management, InCred aimed to provide a seamless experience for borrowers, setting it apart from traditional financial institutions.

Expanding InCred’s Reach and Services

Under Bhupi's leadership, InCred has expanded its services beyond lending to include wealth management, asset management, investment banking, and capital markets. The company has also ventured into institutional equities research and broking, as well as investing in FinTech start-ups focusing on lending, analytics, and wealth management. With offices across 24 cities in India, as well as in Singapore and the Middle East, InCred has grown into a comprehensive financial services provider.

Biography of Bhupinder Singh:Co-founder & CEO of InCred Finance Entrepreneur/Investor/Finance/Success story of Bhupinder Singh/InCred Story/Life story

A Leadership Style Rooted in Meritocracy

Bhupi's leadership style is characterized by a strong belief in meritocracy. He fosters a culture where rewards and recognition are based on performance and hard work. Bhupi's open-door policy ensures that he is accessible to everyone in the team, regardless of their position. His passion for InCred's mission is infectious, motivating his employees to share in his vision and work towards achieving the company's goals.

Building a New-Age Financial Services Group

InCred, founded by Bhupi, is a modern, technology-driven financial services group that aims to provide a wide range of financial solutions, including education, affordable housing, SME, and consumer loans. Bhupi's vision for InCred is rooted in his desire to serve the financial needs of the Indian population, particularly by making credit accessible and simplifying the lending process. As the CEO of InCred, he is responsible for overseeing the overall management of the company, ensuring that it aligns with his goal of being a trusted financial partner for Indian families.

Remarkable Financial Growth

InCred's financial performance has been impressive, with net profits skyrocketing in recent years. In FY23, the company's net profit reached INR 120.9 crore, a fourfold increase from the INR 30.8 crore reported in the previous fiscal year. Additionally, InCred's operating revenue saw a substantial 77% rise, jumping to INR 864.6 crore from INR 488 crore in FY22. This remarkable growth highlights the company's strong financial management and strategic expansion.

Achieving Unicorn Status

In December 2023, InCred's lending arm reached a significant milestone by achieving unicorn status. This came after a successful Series D funding round, where the company raised $60 million (INR 500 crore) led by Ranjan Pai of Manipal Education and Medical Group. The funding round valued InCred at $1.04 billion, underscoring its rapid growth and the confidence investors have in its future potential.

A Vision for the Future

When discussing his vision for InCred, Bhupi emphasizes the importance of scaling up the various business units within the company. He is committed to attracting and retaining top talent, enhancing InCred's technology and risk framework, and eventually taking the company public to create significant value for shareholders and employees. Bhupi's forward-thinking approach continues to drive InCred's growth and success in the financial services industry.

A Strategic Approach to Building InCred

Bhupi's approach to building InCred has been strategic and deliberate. After spending years at Deutsche Bank, where he managed various aspects of the bank's operations in London and Singapore, Bhupi brought his global expertise to InCred. His experience in managing Fixed Income, Credit, Equities, and Investment Banking divisions has been instrumental in shaping InCred's business model and operations.

A Legacy of Success and Innovation

Bhupi's career is marked by a legacy of success and innovation. At Deutsche Bank, he held various high-level positions, including Global Head of Fixed Income Structuring in London and co-head of Corporate Banking and Securities for the Asia Pacific region. His ability to identify opportunities and build successful businesses has been a consistent theme throughout his career. With InCred, Bhupi continues to apply his expertise and vision to create a financial services group that is poised for long-term success.

A timeline for Bhupinder Singh's journey:

1996: Completed Bachelor's degree in Electrical Engineering from Bhopal University.

1997-1999: Earned an MBA from the Indian Institute of Management Ahmedabad.

1999-2000: Worked as an Investment Banker at DSP Merrill Lynch Limited and Jardine Fleming and Partners Limited.

2000-2015: Held various senior roles at Deutsche Bank, including Managing Director and Co-Head of Investment Banking & Securities for the Asia Pacific region.

2016: Founded InCred, marking his transition from global banking to entrepreneurship.

2017: Launched InCred as a Non-Banking Financial Company (NBFC).

2017-Present: Expanded InCred's services to include wealth management, asset management, investment banking, and capital markets, growing the company into a comprehensive financial services provider.

Biography of Bhupinder Singh:Co-founder & CEO of InCred Finance Entrepreneur /Investor/Finance/Success story of Bhupinder Singh/InCred Story/Life story

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