Bhupinder Singh

Founder, Director and Group CEO, InCred

Bhupinder Singh has over two decades of experience in financial services. He has a track record of identifying and building successful businesses across Credit/Fixed Income, Equities and Investment Banking. He founded the InCred Group in 2016 with an aim to build a world-class diversified financial services company. InCred Retail started in 2016 and InCred Capital in 2019. Prior to this, he was the head of the Corporate Finance division of Deutsche Bank and co-headed the Fixed Income, Equities and Investment Banking divisions for the Asia Pacific region. He has a PGDM from IIM, Ahmedabad and an undergraduate degree in engineering

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Mr. Gaurav Maheshwari

Director

Gaurav Maheshwari is a Chartered Accountant with a career spanning over 27 years in the financial and corporate sector, of which over 20 years have been spent in Standard Chartered Bank including the last 4 years as the CFO, Standard Chartered Bank, India with an oversight over other markets in south Asia. He has been an integral part of the country management team for the Bank.

Besides Standard Chartered, he has worked in different roles within the Finance function in other companies across the FMCG and Financial Services sector. His work experience spans across accounting, reporting performance management, business partnering, balance sheet & capital management and business strategy.

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Mr. Venkatesh Vishwanathan

Director

Mr. Vishwanathan has over 22 years of experience in wholesale and investment banking across Asia and Europe, with nearly a decade spent in building and running Indian businesses. He has held senior positions encompassing structured finance, capital markets, and corporate finance. Prior to joining InCred, he was he was Deutsche Bank’s Head of Capital Markets and Treasury Solutions Asia and Co-Head of Corporate Finance Asia, based in Singapore – a US$ 1 bn topline business with 300+ bankers. He was previously the Co-Head of the European Financial Institutions Group with Deutsche Bank in London, and also held senior positions encompassing structured finance, capital markets and corporate. Over 16 years with Deutsche Bank, Mr. Venkatesh worked on close to 500 transactions across investment banking, capital markets and structured finance in 25 countries, in various sectors such as Financial Institutions, Consumer, Healthcare, Infrastructure, Life Sciences, Media, Mining, Oil & Gas, and Telecom.

Mr. Vishwanathan started his career with ABN Amro Bank’s Corporate Banking division in Mumbai and New Delhi. He holds a PGDM from IIM, Calcutta and an undergraduate degree in Economics from St Stephen’s College, Delhi.

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Mr. Vikram Agarwal

Whole-Time Director

Vikram comes with 25 years of experience in the area of Capital Markets, Financial Services consulting and Technology. At InCred Capital, he is the Group COO with oversight of Technology, Operations, Service and Risk for their Wealth, Fund management, Equities and Merchant Banking businesses.

Prior to joining InCred, he was the Chief Operating Officer and Chief Risk Officer for the India business of Julius Baer. He was a board member on Julius Baer’s India entities and a member of Julius Baer’s Global Innovation Council. Vikram was an integral part of the senior management team at Bank of America Merrill Lynch responsible for transitioning the Wealth Management business to Julius Baer. He was the Head of the Business Management team and was responsible for driving cross-business initiatives. He led several initiatives like implementing the new Investment Advisory regulation and setting up the Equities and Derivatives trading platform for their wealth management business. Before joining Bank of America, Vikram worked with Accenture in its Financial Services consulting division where he worked on engagements with several global financial institutions advising them on their KYC and risk management processes. Vikram holds an MBA from the Indian Institute of Management, Bangalore and has interests in the area of Data Analytics, Technology Policy and Securities Law.
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Mr. Siddharth Deepak Parekh

Director

Mr. Siddharth Parekh has over 17 years of work experience across the US, UK and India, a majority of which involved investing in emerging markets. Prior to co-founding Paragon Partners in 2015, Siddharth served as a Principal in the Mumbai office of Actis, a leading emerging markets private equity fund with a growing portfolio of investments in Asia, Africa and Latin America and US$ 7.8 billion of funds under management. He joined Actis’ London office in 2008 and focused primarily on investing in the Financial Services industry. He completed 6 eIXts. investments across a number of sectors and geographies, managed 8 companies in Actis Indian portfolio In the past, he has also been an active participant on the angel network in India, having invested in a number of start-ups engaged in the financial technology and health & fitness sectors.

Prior to joining Actis, Siddharth was an Investment Analyst at the International Finance Corporation based in Washington D.C. focusing on investing in the Global Manufacturing & Services sectors and also spent 2 years as a Consultant at the Boston Consulting Group in New York. He has an MBA and Master’s degree in International Affairs from Columbia University and a Bachelor’s degree in Finance and Management from the Wharton School at the University of Pennsylvania. He has also been an active participant in the angel network in India, having invested in several start-ups engaged in the financial technology and health & fitness sectors.

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Ms. Ambika Bisla

Independent Director

Ms. Ambika Bisla is an experienced finance professional having worked with global Investment Banks and Government Institutions. She has successfully led a startup incubator established by the Delhi Skill and Entrepreneurship University She has also served as a technical advisor designated as an Officer
on Special Duty with the Ministry of Finance, Department of Financial Services, New Delhi developing public policy for financial institutions. She has worked with investment banks in New York (Morgan Stanley and Lehman Brothers) and Hong Kong (Morgan Stanley).She is an active angel investor and follows global capital markets to invest her personal capital. She has a Master of Financial Engineering from Haas School of Business, University of California at Berkeley, a Master of Business Administration from Indian Institute of Management at Ahmedabad (IIMA) and a B.A. Economics (Honors) from Lady Shri Ram College at New Delhi.

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Ms. Shivani Rawat

Independent Director

Shivani has a background in financial risk management consulting with EY, Swiss Re and Credit Suisse in London, Singapore and Zurich. She has worked on various projects spanning financial regulation,
risk reporting and process improvement with clients in Insurance, Investment Banking and Private Wealth Management. Shivani holds a Master’s degree in Accounting and Finance from the London School of Economics and an MBA from the Indian Institute of Management Bangalore

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M Ramprasad

Co-founder MAPE Advisory

Ram has 25+ years of experience in investment banking, private equity and fundraising. He co-founded MAPE Advisory – a boutique Indian Investment Bank focused on mid-market companies. Prior to MAPE, he was a Senior VP at Merrill Lynch India, heading the South India operations. He has a PGDM from BIM Trichy.

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Jacob Mathew

Co-founder MAPE Advisory

Jacob has 25+ years of experience in investment banking, private equity and fundraising. He co-founded MAPE Advisory – a boutique Indian Investment Bank focused on mid-market companies. Prior to MAPE, he was a VP (M&A) at Merrill Lynch India, and prior to that, he was instrumental in setting-up the corporate finance practice at PwC India. He has a PGDM from IIM Calcutta and is a Civil Engineer.

Omar B ABhu Sharif

Omar B. Abu Sharif

Head Institutional Coverage, MENA

Omar has 20+ years of Investment Banking experience across Europe, the Middle East and Africa. Former Head of Private Institutional Clients Middle East & Africa, and Head of Sales & Coverage, Levant & Egypt at Deutsche Bank based in London & Dubai. He was also the founder & CEO of HUNA Capital, DIFC Financial Advisory Firm, advising on $6b+ of structured credit, and asset mandates. Prior to joining Deutsche Bank, Omar ran Middle Markets Institutions, Middle East & Africa at Merrill Lynch based in London.

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Preetam Patnaik

Head Cross Border Investment Banking

Preetam has 20+ years of experience in wholesale and Investment Banking across the EMEA region with bulge bracket platforms like Goldman Sachs, UBS and Societe Generale. In his last role at Societe Generale, Preetam led the establishment and growth of the private capital franchise for the bank across Emerging Markets based in London. Preetam has done his MBA from IIM Ahmedabad.

Equities Capital Markets Team

Prateek Indwar

Prateek Indwar

Head, Capital Markets

Prateek has 30+years of track record in building, reshaping and leading financial services businesses. Prateek has held leadership roles across Equity Capital Markets, Corporate Banking and Debt Capital Markets at leading global and Indian financial institutions such Bank of America, GE, ICICI, IDFC, SBICAPS and IndusInd Bank (where he served as the Head of Investment Banking Division). Prateek has a deep CXO level network across Corporates, Promoter offices and Private Equity firms in India as well as overseas, having worked across India as well as in London in his 3-decade career.

Vijay Gomatam

Consultant – Investment Banking

Vijay Gomatam has over 20 years of banking experience across M&A, corporate finance, capital markets, and corporate banking, with a strong focus on cross-border deal origination and execution across India, Southeast Asia, Japan, and Australia. He has deep sector expertise in industrials, IT services, media, and telecom, with extensive experience in India - Southeast Asia and India–Japan transactions. Vijay previously served as Director at MUFG Bank, Singapore, where he led the India - Japan M&A corridor, and earlier worked with Deutsche Bank, Merrill Lynch, Houlihan Lokey, and Edelweiss Alternative Asset Advisors.

His transaction experience includes Motherson Group’s acquisition of TSE-listed Yachiyo Industries, Takahata India’s stake sale to SPRL, Toppan Form’s acquisition of PT RDS in Indonesia, Mitsui’s investment in FKS Food & Agri, CVC’s investment in PT LinkNet, and capital market transactions for Southeast Asian media and telecom clients including SingTel, Axiata, and Bakrie Group.

He holds an MBA from IIM Calcutta and a B.E. (Hons.) from Nanyang Technological University, Singapore.

Akbar Khan

Senior Advisor – Investment Banking

Akbar Khan has over twenty years of experience across M&A advisory, Private Equity, and Corporate M&A, along with a decade as an entrepreneur and operator. He has held senior roles at Bank of America Merrill Lynch in India and London, where he led Telecom & Technology Investment Banking, Private Equity coverage, and M&A, and at General Electric, where he served as Head of Corporate Development and M&A for India and the MENA region. He has advised global corporates and financial sponsors including Reuters Plc, Telecom Italia, Hellenic Telecom, MTN, Tata Group, Apax Partners, Warburg Pincus, and TA Associates, and has led several notable transactions. These include advising E2E Networks on

its USD 50M capital raise, QuEST Global on its USD 75M Series B private placement to Warburg Pincus, Rain Technologies on its USD 65M Series A financing from QED Investors and Invus, Augnito.ai on its Pre-Series A raise from Apollo Hospitals Group, Tata Consultancy Services on the acquisition of Citigroup’s captive back-office unit, Forthnet in Greece on the acquisition of Netmed, and Telecom Italia on the sale of Cosmote via a leveraged buyout by Apax Partners and TPG.

In addition, Akbar co-founded and served as CEO of Rain Technologies India an earned wage access fintech platform.

He holds an MBA from London Business School and is a UK-qualified Chartered Accountant.

Shreyan ML

Managing Director – Healthcare & Pharma

Shreyan ML leads the healthcare and pharma investment banking practice and brings over 15 years of experience across investment banking, corporate M&A, and management consulting within the pharmaceutical sector. Prior to joining MAPE, he worked with Spark Capital, Strides Group, Wanbury Limited, and Tata Strategic Management Group.

His deal experience includes advising Curatio Healthcare on the sale of its business to Torrent Pharmaceuticals; Sale of TTK’s human pharma business to Bharat Serums; Glenmark Pharmaceuticals on the sale of the Razel brand to KKR-backed JB Chemicals & Pharma and the sale of nine dermatology brands to Eris Oaknet.

As Corporate M&A Head at Strides Group, he was involved in thesale of Agila to Mylan and led the animal health strategy at Sequent Scientific, executing over 12 transactions including fundraises and cross-border acquisitions.

He holds an MBA from IIM Indore and is a computer engineer from NIT Karnataka.

Arjun Mukherjee

Managing Director – Investment Banking

Arjun Mukherjee brings over 20 years of investment banking experience, with a strong focus on mergers & acquisitions and capital raising across Industrials, Education, Telecom, Cement, and Healthcare sectors. Prior to joining InCred Capital, he was part of the senior leadership team at MAPE Advisory Group for over a decade and has previously worked with Lazard, Ambit Capital, and Macquarie Capital.

His deal experience includes advising Veranda Learning on multiple acquisitions and its IPO, Emami on its bid for Paras Pharma, HeidelbergCement on the acquisitions of Mysore Cement and Indo Rama Cement, Italcementi on the acquisition of Sri Vishnu Cement along with an open offer, Bharti Airtel on the acquisitions of Hexacom India and the Spice Calcutta circle, as well as the sale of NLD rights to VSNL, Advent on its bid for Lafarge India.

He has also advised Jagdale Industries on the sale of its electrolyte drinks brand to Johnson & Johnson, promoters of Orissa Sponge on stake sales to Bhushan Steel and Monnet Ispat and on takeover defence, Fortis Healthcare on takeover defence and the sale of a minority stake to Khazanah, ICI India on the sale of its Nitrocellulose business to Actis and its rubber chemicals business, Jai Balaji Industries on the sale of its DI pipe unit and on QIP fund raising, Orbit Corporation and Ansal APIL on QIP-led equity fund raises, Walton Street Capital on raising a USD 500 million India-focused real estate fund, and on acquisition debt funding for the purchase of the RL Fine Chem API business.

Ashish Ambwani

Managing Director – Investment Banking

Ashish Ambwani has two decades of investment banking experience with a focus on cross-border M&A and Private Equity, and deep sector expertise across Consumption &Retail, Industrials and Digital businesses. He previously served as Director at Lazard for over 12 years and began his career at KPMG.

He has worked on numerous transactions including Osam Dairy’s sale to Dodla Dairy, Livpure’s capital raise from M&G Investments, QIMA’s acquisition of EFRAC Limited, Raymond Consumer Care’s FMCG sale to Godrej Consumer, IPO of Ethos Limited, Manohar Packaging’s sale to Parksons Packaging, MM Polytech’s sale to Huhtamaki, YY Inc.’s acquisition of Bigo, Kama Ayurveda’s fund raise and sale to Puig, Magnet360’s sale to Mindtree, Danone’s acquisition of Wockhardt nutrition assets, UCB’s sale of Indian brands to Dr Reddy’s, Sabero Organics’ sale to Coromandel, International Paper on its acquisition of AP Paper, Avantor on its acquisition of RFCL.

He holds an MBA from IIM Lucknow and a has a degree in Electrical & Electronics Engineering from NIT Trichy.

Jacob Mathew

Consultant- Investment Banking

Jacob Mathew brings over 25 years of experience in investment banking, private equity, and fundraising. He co-founded MAPE Advisory, a boutique investment bank focused on mid-market companies. Prior to MAPE, he was a Vice President (M&A) at Merrill Lynch India and played a key role in setting up the corporate finance practice at PwC India.

He has worked and led numerous transactions including the acquisition of Coats Viyella’s garment business by the AV Birla Group, the sale of Burnol and Coldarin brands, Dr Reddy’s buyout of American Remedies, and the sale of Diamond Dychem to Ciba AG. At MAPE, he led transactions across technology, telecommunications, consumer, healthcare, and retail sectors. His key clients include Coffee Day Enterprises, Strides, Igarashi Motors, J&J India, and Jyothi Labs.

He holds a PGDM from IIM Calcutta and is a Civil Engineer.

M Ramprasad

Consultant – Investment Banking

M Ramprasad has over 25 years of experience across investment banking, private equity, and fundraising. He co-founded MAPE Advisory, a boutique Indian investment bank focused on mid-market companies, which later merged with the Investment banking team at InCred in 2020. Prior to MAPE, he was a Senior Vice President at Merrill Lynch India, leading South India operations.

He has led marquee transactions for leading business groups including Tata Group, DuPont, ICICI Bank, Dr Reddy’s, and Sify, and at MAPE advised on landmark deals across manufacturing, infrastructure, and financial services. His key clients include Murugappa Group, ELGi Equipments, Curatio, Jyothi Labs, Karvy Financial Group, Star Health, and CRH Group.

He holds a PGDM from BIM Trichy and a degree in Chemistry.

Sanjay Singh

Head of Investment Banking – InCred Capital

Sanjay Singh is the Head of Investment Banking at InCred Capital, where he leads coverage across both advisory and equity capital markets. He brings over 20 years of experience across investment banking, strategy, and operations, with deep expertise in the pharmaceuticals and healthcare sectors.

Prior to joining InCred, he held leadership roles at BDA Partners as Head of India and Co-Head of Healthcare Asia, and at KPMG as Partner and Head of Life Sciences in India. He has also worked with Dr. Reddy’s Laboratories and Glenmark Pharmaceuticals.

His transaction experience includes advising Chemfield Cellulose on its divestment to Oji Holdings, Archimica S.p.A. on its acquisition by PI Industries, Synokem Pharmaceuticals on growth investment from TA Associates, Isagro SpA on the divestment of Isagro Asia Agrochemicals to PI Industries, SMT on its equity raise from Morgan Stanley Private Equity, Astec LifeSciences on the sale of equity to Godrej Agrovet and Nihon Nohyaku on its acquisition of Hyderabad Chemical Limited amongst others.

Sanjay holds an MBA from IIM Bangalore and a B Tech from IIT BHU.