CRISIL A+/Stable' rating has been assigned to Vivriti Capital's bank debt and its NCDs; 'CRISIL A1+' assigned to Commercial Paper
FinTech BizNews Service
Mumbai, November 16, 2023: 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.
About Vivriti Capital
Vivriti Capital is a fintech NBFC that aims to bring necessary debt finance to hundreds of mid-market enterprises across India. Vivriti Capital over the last 6.5 years has built a highly successful franchise, with Rs 6,300 crores of portfolio, as well as 700+ clients across 35+ sectors and 20+ states. It is currently developing a specialized supply chain financing solution tailored to meet the unique needs of a diverse range of clients for their supply chain financing requirements.
For more information, visit: www.vivriticapital.com
