What is InCred Black?

InCred Black is a proposition from InCred Capital aimed at ultra-high-net-worth individuals, entrepreneurs and business families, covering asset allocation, alternatives, public and private markets, credit, liquidity solutions and global investing.

How large is InCred’s wealth business?

InCred says its wealth franchise has crossed Rs 1 lakh crore in assets under management and already serves a large ultra-high-net-worth client base.

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InCred Capital Launches InCred Black For UHNI Clients

Q: Who are the co-founders of InCred Black?

Alok Agrawal, Harmeet Sahney and Zarksis Gotla, who are credited with building the wealth business at Avendus over the past fifteen years and bring over 80 years of combined experience.

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InCred Capital has launched InCred Black, a proposition aimed at ultra-high-net-worth individuals, entrepreneurs and business families, with Alok Agrawal, Harmeet Sahney and Zarksis Gotla joining as co-founders.

Firm: InCred Capital
Co-founders: Alok Agrawal, Harmeet Sahney, Zarksis Gotla
Their combined experience: over 80 years, across Kotak, Barclays and Credit Suisse
InCred’s wealth franchise: over Rs 1 lakh crore in assets under management
Scope: asset allocation, alternatives, public and private markets, credit, liquidity solutions, global investing

Why The InCred Black Team Is The Product

Agrawal, Sahney and Gotla are credited with building the wealth business at Avendus over the past fifteen years. They arrive as a unit rather than as three separate hires.

In private wealth that distinction matters more than in most industries. Relationships at this level sit with individuals, not institutions, and a team that has worked together for fifteen years brings a shared client book and a working method that would otherwise take a new firm years to assemble.

What Ultra-High-Net-Worth Actually Demands

The listed scope runs from alternatives and private markets to credit, liquidity solutions and global investing. That breadth is the price of entry rather than a differentiator.

An UHNI client is usually a business owner whose wealth is illiquid, concentrated in the company they built, and complicated by succession. The work is less about picking funds than about structuring around a single large asset, which is why firms chasing this segment hire bankers rather than distributors.

Building On A Franchise That Already Exists

Bhupinder Singh, founder and group chief executive of InCred, described the firm as already holding deep client relationships at significant scale, with InCred Black raising the bar through a sharper proposition and differentiated access.

Nitin Rao, chief executive of InCred Wealth, put it as adding specialisation to an existing franchise rather than starting something separate. Read plainly, InCred Black is a segmentation move: the same platform, with a senior team placed in front of the clients who generate the most revenue per relationship and who are most likely to be poached.