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Issue Open/Close

18th - 31st Aug, 2023

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TBD

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Vivriti Capital Limited

Vivriti Capital Private Limited (VCPL) is a NBFC-ND-SI registered with the Reserve Bank of India (RBI). It was started in June 2017 by Vineet Sukumar and Gaurav Kumar with focus to provide financial services to financial as well as non-financial entities, including lending through VCPL, asset management services through Vivriti Asset Management and arranging capital through proprietary platform CredAvenue, which was transferred to its subsidiary, now associate CAPL in H2FY21. VCPL provides term and supply chain finance to small and mid-sized financial and non-financial entities with AUM of ₹4,864 crore (₹3,639 crore as on March 31, 2022) provided to 225+ enterprise clients (208 as on March 31, 2022) and 10 lakh+ retail clients (9 lakh+ as on March 31, 2022) (through co-lending agreements with other NBFCs) as on December 31, 2022.

Key Strengths

  • 1

    Adequate capitalisation of VCPL with regular capital infusion from private equity investors

  • 2

    Experience of promoters and management team in financial services

  • 3

    Credit underwriting supported by technology platform

Key weaknesses

  • 1

    Limited track record of operations and moderate seasoning of the significant proportion of the loan book

  • 2

    Moderate but improvement in profitability but cost of funds remains higher than peers

Source: Draft Prospectus, Offer Document, Issuer's website, etc.

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