Acquisition NBFC

InCred Capital acquires fund management firm S Cube Capital

• ByStartupStory     |    May 13, 2026

InCred Capital, the institutional, wealth and asset management arm of the InCred Group, has announced the integration of S Cube Capital into InCred Global Wealth Pte in Singapore, subject to regulatory approvals.

The acquisition strengthens InCred Capital’s offshore product suite by adding regulated fund vehicles to its Singapore platform. It also builds on the firm’s recent acquisition of Arrow Capital DIFC, enhancing its ability to serve clients investing across the Singapore-GCC-India corridor.

Singapore-based S Cube Capital is regulated by the Monetary Authority of Singapore (MAS) and provides institutional investment expertise focused on local markets and global networks.

As part of the transaction, Balaji Swaminathan and Hemant Mishr of S Cube Capital will join InCred Global Wealth as Joint Vice Chairmen of its global asset management business.

With operations across India, Singapore, Dubai and London, InCred Capital operates businesses spanning wealth management, asset management and institutional equities. The firm manages over Rs 1 lakh crore ($10.5 billion) in wealth AUM and around Rs 10,000 crore ($1 billion) in asset management AUM.

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