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Vivriti Capital Ltd (VCL), which offers innovative lending solutions to mid-market enterprises in the country, has received CRISIL A+/Stable rating to its bank facilities, non-convertible debentures (NCDs) and CRISIL A1+ rating for its commercial paper from CRISIL Ratings. The current rating by CRISIL is for ongoing/future issuances (long-term loan, CPs, NCDs) of VCL. The ratings assigned signify the creditworthiness of Vivriti Capital and its financial instruments. The ratings assigned underline the healthy capitalization of Vivriti Capital, adequate risk management practices, and improving earnings profile. 

Vineet Sukumar, Founder and Managing Director, Vivriti Capital Ltd, said, “This is the first time we have been rated by CRISIL Ratings and we are pleased that the esteemed rating agency has recognized the strength of our business and our consistent execution since inception. During this period, we have grown our business significantly, while maintaining healthy asset quality reflected in the non-performing assets (NPAs) remaining within comfortable range.”

“We manage a portfolio of over INR 8,500 crores across Vivriti Capital and its subsidiary Vivriti Asset Management. Our group coverage has expanded to 350+ mid-market enterprises across the country, in 45+ sectors. Our efforts over the next few quarters will be to deepen our geographic presence, increase product diversity and rapidly scale up our acquisition.” added Mr. Sukumar.

Vivriti Capital has demonstrated the ability to raise capital at regular intervals from high pedigree investors. VCL has put in place an exhaustive framework for due diligence by combining exhaustive field diligence and building models and suitable data platforms in-house.

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