InCred Capital has announced the acquisition and integration of S Cube Capital into its Singapore based entity, InCred Global Wealth Pte, subject to regulatory approvals.
The acquisition is aimed at strengthening InCred Capital’s offshore investment and fund management capabilities by adding regulated fund vehicles to its Singapore platform.
The deal also builds on the company’s earlier acquisition of Arrow Capital DIFC, further enhancing its ability to serve clients investing across the Singapore-GCC-India investment corridor.
Singapore-based S Cube Capital is regulated by the Monetary Authority of Singapore (MAS) and focuses on institutional investment management with expertise across local and global markets.
As part of the transaction, Balaji Swaminathan and Hemant Mishr from 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 currently manages more than ₹1 lakh crore ($10.5 billion) in wealth assets under management (AUM) and around ₹10,000 crore ($1 billion) in asset management AUM.
The acquisition reflects growing interest among Indian financial services firms in expanding offshore wealth and asset management capabilities to cater to high-net-worth individuals, family offices, and institutional investors across global markets.
Singapore continues to emerge as a key hub for cross-border wealth management and investment flows involving India and the Gulf region, particularly amid rising demand for international diversification and alternative investment products.
The move also aligns with the broader strategy of the InCred Group to strengthen its global financial services footprint through acquisitions and expansion in regulated international markets.
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