Strategic Expansion into the Singapore Hub

InCred Capital, the institutional and wealth management division of the InCred Group, has announced the acquisition of Singapore-based fund management firm S Cube Capital. This strategic move, pending final regulatory approvals, will integrate the firm into InCred Global Wealth Pte to bolster the company’s offshore capabilities.

Deal Context and Operational Synergy

The acquisition serves as a key pillar in InCred Capital’s broader strategy to service the lucrative Singapore-GCC-India investment corridor. By adding S Cube Capital’s regulated fund vehicles to its Singapore platform, InCred enhances its ability to offer sophisticated offshore products. This deal follows the firm’s recent acquisition of Arrow Capital DIFC, signaling an aggressive push to establish a dominant footprint across international financial centers.

Leadership Integration

As part of the consolidation, S Cube Capital founders Balaji Swaminathan and Hemant Mishr will join the InCred Global Wealth team as Joint Vice Chairmen of its global asset management business, bringing deep institutional expertise to the expanded organization.

Financial Standing

  • Wealth Management AUM: Over Rs 1 lakh crore ($10.5 billion)
  • Asset Management AUM: Approximately Rs 10,000 crore ($1 billion)
  • Geographic Reach: Operations spanning India, Singapore, Dubai, and London