InCred Finance To Acquire TruCap’s Gold Loan Business For INR 330 Cr

InCred Finance is acquiring TruCap Finance’s gold loan division via a slump sale for INR 330 Cr

The deal will include a nationwide network of 115 branches, a customer base exceeding 40,000, a team of over 550 employees, and assets under management (AUM) of over INR 650 Cr

The gold loan division, post the acquisition, will be led by Saurabh Jhalaria – founding team member of InCred Finance and current head of the MSME and Education Loans verticals

In a strategic move to diversify its secured lending offerings,