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The company also plans to continue hiring senior bankers and investment specialists as it scales the new platform.
The company’s net profit increased 17% to Rs 438 crore in FY26 from Rs 374 crore in the previous fiscal.
As part of the deal, S Cube Capital founders Balaji Swaminathan and Hemant Mishr will join InCred Global Wealth as joint vice chairmen of its global asset management business.
The Bengaluru-based company plans to raise Rs 1,250 crore through a fresh issue of equity shares.
The fund -- InCred Special Opportunities Fund-I -- drew commitments from domestic family offices, ultra-high-net-worth individuals, and overseas investors.
InCred's NBFC arm plans to raise approximately Rs 4,000-5,500 crore to strengthen its capital base.
The scheme is launched in partnership with MMTC-PAMP, a joint venture between PAMP SA (Switzerland) and MMTC Ltd, a Government of India enterprise.
Earlier in April, Nikhil Kamath invested around Rs 172 crore in GreenLine Mobility Solutions Ltd.
The acquisition will mark InCred Group's entry into the retail brokerage space.
The IGPF-I Fund has secured capital commitments in excess of Rs 575 crore, which is above its target size of Rs 500 crore, the company said.
This acquisition will provide InCred Finance with a head-start in the gold loans business, accelerating its go-to-market timeline by 24-36 months.
Post acquisition, InCred Global Wealth will manage assets exceeding $2 billion across Dubai, Singapore, and London.
Last week, InCred Finance, the consumer and MSME lending arm of the InCred Group, appointed Gaurav Maheshwari as its chief financial officer.
