Incluziv Capital

Two credit people, not a broking desk.

Incluziv Capital acts as mandated arranger to the borrower. We are engaged on a written mandate, and our first deliverable is a view on whether the transaction is bankable — and at what pricing, tenor and cover — before anyone spends three months finding out.

Between us, close to two decades writing and defending the papers that credit committees approve or decline: at a UK bank built specifically for mid-market lending, and before that at HSBC, YES Bank and CRISIL. We build the case the way the committee will read it.

Parveen Mangla

Parveen Mangla

Co-founder — origination and structuring

Four years in credit underwriting at OakNorth Bank, rising from senior credit analyst to Vice President, on a book of mid-market operating-asset and real estate lending. Earlier, three years of financial transformation consulting at Wipro.

Also founder of Incluziv, a specialist recruitment firm working with fintechs, digital banks and BFSI leadership teams since 2020.

  • 2016–20OakNorth BankVice President, Credit Underwriting
  • 2013–16Wipro ConsultingConsultant, financial transformation
  • 2012Madison Street CapitalInvestment banking

PGDM, Indian Institute of Management Calcutta
B.Tech, UIET, Panjab University

Sandeep Bhola

Sandeep Bhola

Co-founder — credit and lender coverage

Senior Vice President, Credit at OakNorth Bank, covering large corporate and mid-market credit, with responsibility for scoping new clients and structuring across the book. Before that, corporate finance for urban infrastructure at YES Bank and four years in corporate banking at HSBC.

Began in research — European financials at CRISIL, then Latin American banks as an equity analyst — which is where the habit of testing a number before repeating it started.

  • 2017–20OakNorth BankSenior Vice President, Credit
  • 2016–17YES BankAVP, Urban Infrastructure, Corporate Finance
  • 2012–16HSBCAVP, Corporate Banking
  • 2009–12CRISIL & equity researchEuropean financials; Latin American banking

PGPM, Management Development Institute Gurgaon · FRM (GARP)
Shaheed Sukhdev College of Business Studies, University of Delhi

How we are engaged

Retainer

A modest monthly retainer during the mandate, adjustable in full against the success fee. It funds the modelling and documentation work that a credit committee actually reads.

Success fee

A percentage of the facility, triggered on sanction rather than on disbursement, so the fee does not sit hostage to a timetable neither of us controls once the credit work is complete.

Tell us the asset, the amount and the timeline.

Get in touch