InCred Targets India's Ultra-Rich With a New Wealth Platform

Kalpana Kanungo - Mumbai Bureau Aug 25, 2026 1,500 Views

InCred has hired three senior wealth experts from Avendus—Alok Agrawal, Harmeet Sahney, and Zarksis Gotla—to launch "InCred Black," a specialized private wealth platform for ultra-high-net-worth individuals. The move strengthens InCred's market position as India's ultra-rich population and family office sector experience rapid growth.

MUMBAI — Strengthening its footprint in India’s fast-growing luxury wealth sector, the InCred Group has officially hired three senior wealth management veterans from rival firm Avendus. The high-profile team has been brought onboard to spearhead InCred Black, a newly established subsidiary and platform tailored exclusively for ultra-high-net-worth individuals (UHNIs), entrepreneurs, and family offices.

The strategic talent acquisition comes as Indian financial institutions compete aggressively for a surging pool of wealthy clients. With InCred’s broader wealth management franchise crossing the landmark threshold of ₹1 lakh crore in assets under management (AUM), the launch of InCred Black aims to capture complex family office mandates, private market transactions, and global advisory services.

Leadership Lineup and Specialized Wealth Architecture

The newly minted platform is co-founded by industry veterans Alok Agrawal, Harmeet Sahney, and Zarksis Gotla, who collectively spent over 15 years building and scaling the wealth business at Avendus. Agrawal previously served as a Managing Director at Avendus, while Sahney held an equivalent leadership role within Avendus Wealth.

The leadership trio will direct InCred Black's focus toward bespoke financial structuring, combining conventional private wealth solutions with clubbed deals, curated secondary transactions, and alternative investment opportunities. According to group disclosures, the platform will leverage comprehensive capabilities spanning InCred Capital and the broader financial group to deliver institutional-grade asset allocation.

According to official company announcements, market filings, and corporate disclosures:

Founding Team: Alok Agrawal, Harmeet Sahney, and Zarksis Gotla join as co-founders of InCred Black.
Target Segment: Ultra-high-net-worth individuals (UHNIs), startup founders, corporate promoters, and multi-generational family offices.
Service Offerings: Personalized asset allocation, alternative investments, public and private market access, structured credit, liquidity solutions, and global investing.
Expansion Roadmap: InCred plans to onboard additional senior private bankers and specialized advisory talent as the platform scales.

Official Sources Section

InCred Wealth Official Portal: Official corporate updates, executive profiles, and private banking service disclosures.
Bombay Stock Exchange (BSE) Disclosures: Regulatory filings, corporate governance notices, and market updates regarding InCred Group entities.
Julius Baer-EY Wealth Report: Macroeconomic research tracking India's ultra-high-net-worth population expansion and family office growth.

Quote Section

According to statements released by InCred founder and Group Chief Executive Bhupinder Singh regarding the strategic expansion:

"InCred Black plans to add more senior bankers and specialist talent as it scales, tapping into the rapid growth of India's UHNI population driven by recent IPOs, private equity exits, and founder liquidity events."

Why It Matters

For India’s expanding class of ultra-rich entrepreneurs and corporate promoters, specialized platforms like InCred Black provide sophisticated financial engineering, succession planning, and cross-border investment channels. The influx of top-tier talent from established competitors underscores an intense industry-wide race to manage swelling domestic private fortunes generated by recent technology listings and business exits.

Key Facts at a Glance

New Venture: InCred Black (targeting ultra-high-net-worth individuals).
Key Hires: Alok Agrawal, Harmeet Sahney, and Zarksis Gotla (ex-Avendus).
Group Scale: InCred Wealth AUM surpasses ₹1 lakh crore.
Market Context: India's UHNI population with assets above $30 million is projected to exceed 25,000 by 2031.

FAQ Section

What is InCred Black?

InCred Black is a specialized wealth management platform launched by the InCred Group to cater exclusively to ultra-high-net-worth individuals, business families, and family offices.

Who are the key leaders heading InCred Black?

The new platform is co-founded by former Avendus senior executives Alok Agrawal, Harmeet Sahney, and Zarksis Gotla.

What services will InCred Black provide to clients?

The platform offers tailored asset allocation, alternative investments, private market access, structured credit, liquidity solutions, and global investing mandates.

Where can clients review official service offerings from InCred Wealth?

Detailed service portfolios and leadership contacts are published directly through the InCred Wealth Portal.