Indcap Advisors: Bringing in Benchmark Solutions to Debt Management

CIO Vendor Debt management has been a burning topic for various corporate heads through ages. With assets and liabilities being two significant facets of a balance sheet, inadequate or outstanding debts also hold importance in the books of final accounts. In the year 1992, when Late Kamal Singh Bhutoria, planted the seed of Indcap Advisors, he was rewriting the financial advisory sector, being a torchbearer to others in the industry. Started working as an advisory firm, the company has been advising its clients with the pros and cons that may occur from both short and long term perspectives in debt management. Operating out of Kolkata, Delhi, Mumbai & Ahmedabad, the investment bank is presently lead by two successful entrepreneurs Samir Agarwal & Rahul Bhutoria as promoter directors.
Being a one-stop solution provider the organization advises on raising resources for its clients in the form of Debt & Structured debt (acquisition financing, promoter financing, bonds & debentures, project financing through ECBs & working capital assistance), Private Equity (Start up & growth capital, convertible instruments), Mergers & Acquisitions (sell side & buy side advisory, joint ventures, cross border acquisition advisory), Business & Debt Restructuring (Corporate & Strategic Debt restructuring, business restructuring to maximize shareholder wealth, distress & special situation advisory) & Corporate Advisory (Credit rating advisory, business valuation study/viability study) and so on and so forth.
“Indcap has developed a track record of successfully advising more than 500 projects & companies and is proud to be amongst the top 25 advisors in India today,” confirms Rahul.
“The firm has in house expertise from conceiving a project, undertake its viability study, arranging term debt for project, assisting in raising need based working capital for smooth functioning of the company. During recessionary environment, Indcap has in house expertise in providing solutions to
corporates for aligning their debt servicing obligations by matching their actual cash flows. This involves restructuring and realignment of debts and reducing cost of funds significantly” quotes Samir.
A One-Stop Solution Provider
With a proven track record of adding value to customer’s portfolio and with in-depth knowledge in various sectors, Indcap provides an entire gamut of financial services with the wealth of experience brought in by its promoters. However, they faced challenge from the large investment banks.
“We observed that we face challenges from large investment banks who have backing of their parent company as an investor. The balance sheet of the parent was their biggest strength and our biggest challenge. However, the IMAC (“I M Available at Call) factor was missing, the personal rapport was missing. We capitalized on this weakness of big bracket investment bank and it became our selling point” highlights Samir.

With a proven track record of adding value to customer’s portfolio and with in-depth knowledge in various sectors, Indcap provides an entire gamut of financial services with the wealth of experience brought in by its promoters


As the company successfully closed transactions one by one, talented resources joined the organization and today, it boasts a strong team of CAs & MBAs with intricate knowledge of diverse industries. With an objective to assist the corporates in resource raising at low costs, Indcap leverages its strong research capabilities and relationships to close transactions for its clients in stipulated time frames.“We have deep knowledge of the industry and having more than two decades of experience, we proudly state that Indcap provides all types of services under one roof and can be called as a one-stop solution provider,” adds Rahul.
Stepping ahead with a diversifying service portfolio, the firm is now reaching to corporate with innovative solutions in the fields of equity and inorganic growth. Operating from four offices across India, Indcap is also planning to venture in the overseas market as well and aiming to touch the pinnacle of superiority.