Zero-Delinquency Legacy
Over 200 real estate debt transactions with a 100% zero-default track record, anchoring a strong risk-first investment culture.
Alternative Investment Fund Manager
A zero-delinquency legacy in real estate debt
Credential Asset Management is the Investment Manager to the Credential Alternative Investment Trust — delivering a risk-first, senior-secured approach to self-liquidating real estate assets across India's leading metropolitan regions.
200+ Real estate debt transactions
100% Zero-default track record
27+ Years of domain leadership
Firm at a glance
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Real Estate Debt Transactions
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Zero-Default Track Record
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Years of Domain Leadership
0 Cr
Target Fund Corpus
Overview
Who we are
Credential Asset Management Pvt Ltd is an investment and asset management firm headquartered in Kolkata, promoted by Mr. B. L. Mittal and Mr. Vijay Kumar Darak. We act as the Investment Manager to the Credential Alternative Investment Trust and all its schemes, including the Credential India Realty Fund.
Promoter-Led Execution
27+ years of hands-on leadership in real estate finance, structured credit, and debt syndication — with direct oversight across sourcing, structuring, and exits.
Institution-Grade Team
Senior professionals from leading banks and global financial institutions, with 200+ years of collective experience in risk, credit appraisal, and monitoring.
Senior-Secured Investments
Asset-backed, cash-flow-supported debt instruments designed for capital preservation, downside protection, and predictable risk-adjusted returns.
Our Fund
Credential India Realty Fund
The first scheme of the Credential Alternative Investment Trust — investing in self-liquidating real estate assets such as residential, commercial, and warehousing projects to earn superior risk-adjusted returns.
The Fund targets a corpus of ₹500 Cr (plus a ₹200 Cr green-shoe option) over a term of seven years from the First Closing. It invests across leading urban and metropolitan regions including the Kolkata Metropolitan Region (Greater Kolkata), Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Chennai, Hyderabad, Pune, Ahmedabad, and Bhubaneshwar, among other select cities identified by the Investment Manager.
Explore the FundFund at a glance
- Trust Name
- Credential Alternative Investment Trust
- Scheme Name
- Credential India Realty Fund
- Category
- Category II
- SEBI Reg. No.
- IN/AIF2/25-26/1872
- Target Corpus
- ₹500 Cr (+ ₹200 Cr green-shoe)
- Term
- 7 years from First Closing
- Sponsors
- Topview Enclaves LLP (Sastasundar Group); Credential Advisory Services Pvt Ltd
- Investment Manager
- Credential Asset Management Pvt Ltd
Speak with our team
Learn how Credential's risk-first approach to real estate debt can fit your investment objectives.
About Us
A premier real estate investment manager
Promoted by leaders from the SastaSundar Group and Credential Advisory, with a core team exceeding 200 years of collective domain expertise across asset management, real estate financing, and structured credit.
Board of Directors
Credential Asset Management is promoted and led by two distinguished leaders in India's financial services sector.
BLM
Mr. Banwari Lal Mittal
Promoter & DirectorMr. Banwari Lal Mittal is a seasoned entrepreneur and business leader with over 25 years of experience spanning financial services and digital healthcare platforms. He is a fellow member of the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost Accountants of India (ICMAI), reflecting a strong foundation in finance, governance, and strategic leadership.
He is the Founder and Executive Chairman of the SastaSundar Group, a pioneering digital healthcare platform transforming the pharmaceutical supply chain and diagnostics ecosystem in India. Under his leadership, the group has built an integrated, scalable platform that combines digital innovation with operational excellence, creating meaningful impact across patients, providers, and partners.
Earlier in his career, Mr. Mittal spent eight years with Birla Corporation Limited, gaining valuable exposure to corporate finance and large-scale operations. In 2000, he founded Microsec Financial Services Limited, which evolved into a well-recognized financial services firm with offerings across research and analytics, investment banking, stock broking, portfolio management services (PMS), insurance, and wealth management advisory.
Widely regarded for his visionary thinking and ability to build platforms at scale, he is also deeply committed to social impact. He founded Tree Campus Academy, an NGO and digital learning initiative that provides free learning tools and educational content to teachers and students through the Tree Campus application.
Mr. Mittal's journey reflects a blend of entrepreneurial foresight, disciplined execution, and a strong commitment to social and economic transformation.
VKD
Mr. Vijay Kumar Darak
Promoter & DirectorMr. Vijay Kumar Darak is the founder and Director of Credential Advisory Services Pvt Ltd, and a distinguished leader in India's financial services sector. A Chartered Accountant by qualification and an IIM Calcutta alumnus, he brings over 27 years of multifaceted experience in management, structured finance, and debt syndication, marked by innovation, integrity, and a relentless client-first approach.
After qualifying as a Chartered Accountant in 1996, he began his career with a leading real estate developer before charting his own path. In 2001, he established Credential Services, initially associated with ANZ Grindlays Bank to offer home loans, rapidly expanding his network to include leading private sector banks and NBFCs.
In 2009, he founded Credential Advisory Services Pvt Ltd, elevating the firm to a premier position in debt syndication and project finance. Under his stewardship, the group has arranged over 6,000 home and mortgage loans and advised on more than 200 real estate debt transactions — including acquisition, take-out, last-mile, and construction finance — with an impeccable record of zero delinquency on the real estate book advised by him.
A member of CREDAI Bengal, CREDAI MCHI, and the Indian Chamber of Commerce, he has continued to expand his expertise through executive education in investment banking and capital markets from IIM Calcutta.
His journey is defined by an unwavering dedication to professional excellence and ethical standards. Under his leadership, the Credential India Realty Fund aims to set the standard for quality, innovation, and trust.
Our Philosophy
To be a trusted and performance-driven Investment Manager that creates long-term, sustainable value for its investors by identifying and managing high-quality opportunities, majorly in the Indian real estate sector, guided by principles of integrity, transparency, and disciplined risk management. We strive to achieve our goals by:
Deep Market Insight
Applying deep market insight and rigorous due diligence in asset selection and portfolio management.
Highest Standards of Governance
Upholding the highest standards of governance, compliance, and fiduciary responsibility.
Credible Partnerships
Partnering with credible developers and stakeholders to unlock growth and value.
Aligned Strategies
Aligning our strategies with the long-term interests of our investors amidst evolving dynamics.
Our Group
Credential Asset Management Private Limited is promoted by Mr. Banwari Lal Mittal of the SastaSundar Group and Mr. Vijay Kumar Darak of Credential Advisory Pvt. Ltd.
SastaSundar Group
SastaSundar Ventures Limited (SVL) is a publicly listed Core Investment Company (CIC) that carries on its business through subsidiary companies. SastaSundar Healthbuddy Ltd, a subsidiary of SVL, operates digital healthcare platforms, namely:
1. Sastasundar App — a consumer-focused digital healthcare platform spanning pharmacy, diagnostics, and wellness.
2. retailershakti.com — a B2B digital platform for pharmaceutical and wellness products. Mitsubishi Corporation and Rohto Pharmaceuticals Co. Ltd. of Japan are also stakeholders in SastaSundar Healthbuddy Ltd.
Another dimension of SVL is in the financial sector through its subsidiaries Microsec Resources Pvt Ltd and Microsec Wealth Management Ltd. Microsec Wealth has a strong, established track record in equity research and wealth management, binds itself to the core values of Knowledge, Commitment, Transparency, and Partnership, and is a SEBI-registered Portfolio Manager.
Credential Advisory Services Pvt. Ltd.
Credential Advisory Services Pvt. Ltd. is a leading financial consultancy based in Kolkata, specializing in debt syndication, real estate project finance, mortgage loan distribution, and private equity solutions.
It has extensive experience in debt syndication and real estate project finance, having advised on over 500 transactions with zero delinquency. Its products include working capital facilities and term loans for green-field and brown-field manufacturing projects, real estate developers, educational institutions, and traders / service providers.
The company has advised on and arranged financial closure for over 200 real estate projects across the country, currently holding Assets Under Advisory in excess of ₹4,000 Cr. As a channel partner of several leading banks, the group has catered to more than 6,000 satisfied clients in home and mortgage loans.
At present, the company's management consists of senior ex-bankers and qualified professionals with altogether more than 300 man-years of experience in pure banking and debt advisory.
About the Company
Credential Asset Management Pvt Ltd is a premier investment and asset management firm headquartered in Kolkata, West Bengal, India.
Promoted by distinguished industry leaders — Mr. B. L. Mittal, renowned for his wisdom and acumen in the financial sector, and Mr. Vijay Kumar Darak, an eminent consultant with deep expertise in financing real estate projects — the company is uniquely positioned to deliver robust financial solutions and superior value to its stakeholders. We act as the Investment Manager to the Credential Alternative Investment Trust and all its schemes, including the Credential India Realty Fund (AIF).
Specializing in real estate-focused investments and structured debt solutions, the firm leverages the combined experience of its core team, which exceeds 200 years of collective domain expertise across asset management, real estate financing, corporate lending, and financial structuring. This depth of experience, and its founders' unblemished track record, underpins the company's commitment to prudent risk management, regulatory compliance, and sectoral insight.
Mr. B. L. Mittal brings visionary leadership drawn from his entrepreneurial journey with SastaSundar Ventures — one of India's leading digital healthcare platforms — and Microsec Capital. Mr. Vijay Kumar Darak, a qualified Chartered Accountant, is widely respected for his decades-long career in debt syndication and advisory for real estate developers and corporates, with an unmatched record in timely financial closures and zero delinquency in the real estate book advised by him.
With strategic leadership, proven expertise, and a steadfast focus on value creation, Credential Asset Management aspires to be a leading force in India's alternative investments landscape — fostering growth and delivering sustainable returns for all stakeholders.
Our Mission
To drive long-term value creation for our investors by offering tailored investment products with superior risk-adjusted returns, particularly in the dynamic real estate segment — distinguished by a high level of customization, operational transparency, and investor-centric solutions, underpinned by trust and ethical standards.
Headquarters
Diamond Prestige, Unit 506, 41A, A.J.C. Bose Road, Kolkata – 700017, West Bengal, India.
Our Fund
The Credential Flagship Multi-Asset Fund
A diversified, actively managed strategy built to deliver resilient, risk-adjusted growth across full market cycles.
Fund Overview
Diversified by design
The Flagship Fund blends global equities, fixed income, and real assets within a single, professionally managed portfolio. Our objective is durable capital appreciation with carefully managed volatility, suited to investors with a long-term horizon.
$12.4BFund AUM
+8.6%5-yr annualized (net)
0.62%Expense ratio
0.71Sharpe ratio
Investment Strategy
We pursue a top-down asset allocation framework refined by bottom-up security selection. Positions are sized according to conviction and risk contribution, and the portfolio is rebalanced systematically to maintain strategic targets while capturing tactical opportunities.
Risk Management
An independent risk function monitors exposure, liquidity, and drawdown in real time. Stress testing across historical and hypothetical scenarios ensures the portfolio remains within defined tolerances, with capital preservation prioritized in adverse conditions.
Asset Allocation
Strategic target weights by asset class
Performance
Growth of a $10,000 investment (illustrative)
Sector Exposure
Equity sleeve, by GICS sector
All performance figures are illustrative and provided for demonstration purposes only. Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise.
Our Team
The professionals behind your portfolio
Decades of combined experience across investments, research, and operations — united by a shared commitment to our clients.
Team members
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Disclosures
Document library & compliance notices
Access regulatory filings, legal documents, fund materials, and reports. Search, filter, and preview at your convenience.
Document library
No documents match your criteria.
Compliance Notices
Expandable summaries of our key regulatory and compliance positions.
Credential Asset Management is authorized and regulated by the relevant financial conduct authorities in the jurisdictions in which it operates. Our registrations and reference numbers are available on request and within the regulatory documents above.
The value of investments and any income from them can fall as well as rise, and investors may not recover the full amount invested. Past performance is not a reliable indicator of future results. Currency movements may also affect the value of investments.
We maintain a comprehensive conflicts-of-interest policy designed to identify, prevent, and manage conflicts that may arise in the course of our business. A summary is available to clients and prospective clients upon request.
We process personal data in accordance with applicable data protection laws. Our privacy notice explains what information we collect, how it is used, and the rights available to data subjects.
Contact Us
Let's start a conversation
Whether you're exploring our services or ready to invest, our client services team is here to help.
Send us a message
Office Locations
Diamond Prestige, Unit 506, 41A, A.J.C Bose Road, Kolkata - 700017, West Bengal
Business Hours
Monday – Friday8:30 AM – 6:00 PM (ET)
Saturday – SundayClosed (client portal available 24/7)
Interactive map — West Bangal
Frequently Asked Questions
Minimums vary by strategy and account type. Our client services team can provide details tailored to your objectives during an initial consultation.
Begin by contacting us through this form or by phone. We'll arrange an introductory meeting, complete the appropriate onboarding and compliance steps, and design a portfolio suited to your goals.
Portfolios are continuously monitored by your dedicated team and our independent risk function. You'll receive regular reporting and have round-the-clock access to your holdings through our secure client portal.
Yes. Our secure client portal provides 24/7 access to balances, performance, statements, and documents, with multi-factor authentication for your protection.
Accessibility
Accessibility Statement
Credential Asset Management is committed to ensuring digital accessibility for all users, including people with disabilities, in line with SEBI and GIGW guidelines.
Conformance status
This website has been designed and developed to conform to the Web Content Accessibility Guidelines (WCAG) 2.1 at Level AA, as required by the Securities and Exchange Board of India (SEBI) and the Guidelines for Indian Government Websites (GIGW). We continually review the site to maintain and improve this standard.
Measures we take
- Perceivable — meaningful text alternatives for all non-text content, semantic structure, a logical heading hierarchy, and text/background colour contrast meeting or exceeding the 4.5:1 ratio for body text.
- Operable — full keyboard operability with no keyboard traps, a visible "skip to main content" link, clearly visible focus indicators, and no flashing or auto-playing content.
- Understandable — the page language is declared, navigation is consistent across the site, form fields have associated labels, and errors are identified in text with guidance on how to correct them.
- Robust — valid, standards-based HTML with ARIA used only where required, so that dynamic updates are announced to assistive technologies.
Compatibility with assistive technology
This website is designed to be compatible with current versions of widely used screen readers and browsers, including NVDA and JAWS (Windows) and VoiceOver (macOS and iOS), used with recent versions of major browsers. Content can be resized up to 200% without loss of information or functionality, and the layout reflows without horizontal scrolling on mobile devices.
Accessible documents
Documents published in our Disclosures library are provided as tagged, accessible PDFs with a defined reading order, document language, and descriptive structure. If you require any document in an alternative accessible format — such as large print, plain text, or HTML — please contact us and we will provide it promptly at no charge.
Feedback and contact
We welcome your feedback on the accessibility of this website. If you encounter any barrier, or need assistance accessing any content, please let us know:
We aim to respond to accessibility feedback within five business days.
Assessment & review
This website was assessed against WCAG 2.1 Level AA using a combination of automated testing tools and manual review, including keyboard-only navigation and screen-reader testing. This statement was last reviewed on and is reviewed periodically.
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