InCred Finance and KKR India Financial Services Merge to Create Diversified Lending Platform

• KIFS and the retail non-banking finance company of InCred will combine to form an enhanced lending business operating under the InCred Finance brand name, with a US$750 million balance sheet
• KKR will be a long-term strategic partner to the newly formed business and the largest single investor
• The combined business will be run by Bhupinder Singh, Founder and CEO of InCred