Vivriti Group consolidates under new holding entity; promoter infuses ₹200 crore

Mumbai: Vivriti Group, led by Vineet Sukumar, on Tuesday announced a new combined business and holding structure for its lending and private credit businesses. The founder will instill ₹200 billion in fresh capital to support this expansion beyond its core services.

Vivriti Next, the new consolidated entity, will operate Vivriti Capital’s lending business and Vivriti Asset Management’s private credit asset management business. It will also offer a new suite of services for mid-sized businesses, including capital markets, technology solutions and advice on capital structuring, financing, risk, ratings and environmental, social and governance (ESG) matters.

New construction as of April 1

Once the entity is formed on April 1, Vivriti Capital’s shareholders will transition to the new holding company structure. These shareholders (Creation Investments, Lightrock and TVS Capital Funds) collectively hold approximately 75% of the company. The new capital inflow from Sukumar will increase its shares from below 7% to 11.5%. It plans to further increase its stake as the company gets closer to going public in the next three years. The remaining shares are held by employees and angel investors.

“As our mid-market clients have scaled over the years, their needs have moved well beyond sovereign debt to strategic solutions. They are moving simultaneously on capital market access, balance sheet restructuring, ESG and risk management, and technology-driven efficiency,” Sukumar said.

He added: “Vivriti Next was created as a platform to respond to this complexity by creating new business models for how we support our customers beyond lending. Vivriti Next will now be front and center in the next phase of Vivriti Group – driving growth, profitability and capital efficiency across businesses. As Vivriti continues to scale its platform, it will also play a critical role in shaping the holding company’s group strategy and supporting future capital raising efforts,” he said.

The company said Vivriti Next will act as the strategic nerve center of the group, shaping customer needs beyond finance, creating consultancy-led business strategy around sustainability and technology, and helping companies make informed long-term decisions. As an integrated investment platform spanning lending, private credit and capital markets solutions, it will deliver technology-enabled solutions and increase operating leverage, efficiency and returns across businesses through common platforms, data and technology, he added.

Founded in 2017, Vivriti Group provides loans to medium-sized companies, often with more than one company. ₹75 crore revenue, positive EBITDA, BBB to A rating or no ratings and no defaults on payments. Its private lending arm was established two years later.

There was a group ₹15,333 crore assets under management as of December 2025. Income, ₹1,429 crore in FY25 ₹1,101 crore in FY24. Net profit arrived ₹220 crore compared to ₹189 crore in FY24. It reported the following revenue in the nine months to December 2025: ₹1,275 crore profit earned ₹165 crore.