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InCred Finance, the MSME lending unit of InCred Group, has appointed Gaurav Maheshwari as its Chief Financial Officer.
According to the company, Gaurav's expertise will be key in improving business performance, increasing capital efficiency, and strengthening governance as the company grows. This comes as InCred Finance is reportedly planning to go public, with plans to list in the last quarter of 2025 and raise Rs 4,000-5,000 crore ($471-588 million) through its IPO.
Maheshwari has nearly 30 years of experience in financial leadership, including over 20 years at Standard Chartered Bank as Cluster CFO for India and South Asia. He has also held senior roles at Altico Capital, Reuters India, and Coca-Cola India. He is a chartered accountant and a graduate of Sydenham College of Commerce and Economics.
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Gaurav Maheshwari , said, “Joining InCred Finance at this stage in its growth journey is incredibly exciting.The company has established itself as a leader in the Indian NBFC sector and I look forward to working with the team to further strengthen its financial foundation and drive its next phase of growth.”
Bhupinder Singh, Founder and Group CEO of InCred said, “Gaurav’s [Maheshwari] deep expertise and proven leadership will be instrumental as we continue scaling operations, enhancing governance, and optimising capital efficiency."
About InCred Finance
InCred Finance, founded in 2016 by Bhupinder Singh, is an NBFC that provides a range of lending solutions, including personal loans, student loans, MSME loans, and loans against property (LAP).
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InCred Group, which includes InCred Finance, InCred Money, and InCred Capital, reported a profit before tax of Rs 316.35 crore for FY 2024, more than double the Rs 120.92 crore in FY 2023. The company's total assets under management reached Rs 9,039 crore in FY24, a 49.1% increase from Rs 6,062 crore in FY23. It also has a loan book of over Rs 11,000 crore, according to the company.
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